{"id":16019,"date":"2022-01-05T12:31:51","date_gmt":"2022-01-05T11:31:51","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=16019"},"modified":"2022-01-05T12:31:59","modified_gmt":"2022-01-05T11:31:59","slug":"chainlink-becomes-profitable-as-token-soars-by-31","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/chainlink-becomes-profitable-as-token-soars-by-31\/","title":{"rendered":"ChainLink becomes profitable as token soars by 31%"},"content":{"rendered":"\n
Chainlink <\/a>has risen 31% in the last five days, according to TradingView data.<\/h5>\n\n\n\n
\"ChainLink<\/figure>\n\n\n\n

Certain tokens, such as Chainlink\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, are exhibiting a significant comeback with a 31% gain in the previous five days as the cryptocurrency market recovers after the New Year and weekend celebrations.<\/p>\n\n\n\n

Chainlink is making a comeback<\/h2>\n\n\n\n

The bulk of the Chainlink network was holding the asset at a loss after the 50% drop occurred in November. The network's Realized Profit\/Loss ratio switched after a short-term push of the token, with the majority of traders holding LINK at a profit.<\/p>\n\n\n\n

\ud83d\udd17\ud83d\udcc8 #Chainlink's rise from $19.15 at the end of 2021, to $25.17 just 4 days later (+31%) has raised some eyebrows. $LINK's network profit\/loss has spiked, indicating traders are back in profit. A drop below 0 would indicate another great buy opportunity. https:\/\/t.co\/1R5RSRD3ud pic.twitter.com\/wzmG6YWHOz\u2014 Santiment (@santimentfeed) January 5, 2022<\/p><\/blockquote>\n\n\n\n

An indication from another on-chain data provider, IntoTheBlock, confirms the same statistics, with 57% of Chainlink <\/a>investors benefitting from their investments. At the time of publication, just 32% of LINK investors were losing money, and only 12% were breaking even.<\/p>\n\n\n\n

Traders may use the network's Profit and Loss ratio, which is comparable to the RSI indicator, to gauge market conditions. Traders <\/a>avoid entering a token or a coin when a substantial percentage is profiting. When the majority decides to profit, the market may experience unanticipated volatility.<\/p>\n\n\n\n

Market performance of Link<\/h2>\n\n\n\n

Chainlink has entered another growth cycle, according to TradingView data, with a rise of 31% in the previous five days. Link had already lost around half of its value and had bottomed out in the middle of December.<\/p>\n\n\n\n

Chainlink <\/a>is moving in the rangebound created in September 2021 from a long-term viewpoint. Link has hit the $35 zone twice throughout the range's movement and subsequently retraced for an average of 45% both times.<\/p>\n","protected":false},"excerpt":{"rendered":"

Chainlink has risen 31% in the last five days, according to TradingView data. Certain tokens, such as Chainlink , are exhibiting a significant comeback with a 31% gain in the previous five days as the cryptocurrency market recovers after the New Year and weekend celebrations. Chainlink is making a comeback The bulk of the Chainlink […]<\/p>\n","protected":false},"author":13,"featured_media":16021,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[5676,6342,6341],"class_list":["post-16019","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-chainlink-2","tag-link-2","tag-traders-2"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/01\/www.coinscreed.com-23.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/16019","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=16019"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/16019\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/16021"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=16019"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=16019"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=16019"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}