Surge of 50% in Chainlink within a month prompts questions about the ongoing price adjustment.
In the ever-evolving world of cryptocurrencies, investors should remain vigilant to key indicators and stay informed about the latest market trends. One such token that has been grabbing attention is Chainlink (LINK).
Recent network activity indicators suggest that LINK has the potential to continue gaining ground in the coming weeks. Over the last 30 days, LINK has experienced a significant 57.6% price increase, and in the last 24 hours, it has recorded a 3% price increase, outperforming Bitcoin's performance during the same period.
To buy LINK on Bitget, follow these steps:
- Sign up on Bitget with email or phone, then complete the KYC process.
- Deposit funds with fiat (card, wire transfer) or crypto (USDT).
- Select LINK/USDT or LINK/ETH in "Spot Trading".
- Buy tokens with a market order or limit order.
It's important to note that the progress of LINK beyond the $30 mark will depend on the performances of Bitcoin and Ethereum. LINK is expected to challenge the $30 mark in the coming weeks, but this prediction is based on current market dynamics.
The increase in activity combined with the drop in retention rate is a warning signal that the current dynamics could be a reflection of a potentially unsustainable speculative bubble. The drop in the activity retention rate, from 24.5% in April to 17% recently, suggests that the new activity may be coming from less committed users rather than long-term holders.
This article is written by an expert in SEO and web writing, focusing on the crypto world and blockchain ecosystem. However, it's worth mentioning that the author of the specific Chainlink article dated August 18, 2025, is not explicitly named in the provided search results.
It's also worth noting that LINK has seen a 19.6% increase in open interests, indicating strong speculative activity. This could be a positive sign for potential investors, but it's crucial to remember that the cryptocurrency market is inherently volatile.
Buying LINK on Bitget grants $10, making it an attractive option for those looking to invest in this promising token. As always, investors should do their own research and consider their risk tolerance before making any investment decisions.
A disclaimer is included in the article, reminding readers that the information provided is for educational purposes only and should not be considered financial advice.
In conclusion, the current market trends and indicators suggest that Chainlink (LINK) could be a promising investment option. However, investors should remain vigilant and stay informed about the latest crypto market trends before making any investment decisions.
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