- Chainlink price recently hit a high level of $20.30 after a major surge.
- As a correction took place, researchers noted another ATH, this time in the number of active addresses.
- LINK’s price has been going up and down over the weekend, and it continues to do so even now.
Chainlink (LINK) has seen quite a bit of activity and popularity recently. The coin managed to climb to the 5th spot on the list of largest cryptos by market cap, reaching a m.cap of $5.46 billion. In less than a month, the coin’s price went from $7.32 to $20.30.
Now, a research team at Santiment Feed managed to identify another major breakthrough, this time concerning Chainlink’s active addresses.
Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today.
LINK sees a surge in daily active addresses
According to the recent statement, LINK has recently hit a new ATH in terms of active daily addresses. The network reached this new record last Friday, August 21st. Coincidentally, this happened at the time when LINK’s price started seeing a brief correction as a consequence of a strong selloff.
The coin’s price managed to drop to $13.49 before its drop was stopped, and the sentiment once again became bullish in nature. At the time of writing, LINK is back at $15.57, on its way towards a resistance level at $16.
The researchers’ statement says that “$LINK hit an all-time high yesterday in daily active addresses. This came in tandem with an #altcoin decline that sent it down to $13.49. Now back at $16.10, the classic bullish divergence that formed from an ATH in DAA is coming to fruition.”
LINK price becomes a hot topic
This kind of behavior brought a lot of speculation about LINK, such as the theory of a LINK top at the recent high of $20.30. Not only that, but the coin went through a classic ‘Dead Cat Bounce’ over the weekend.
It dropped to $12.85, only to surge again to $16.33, and then drop back again to $14.75, before rising to the current $15.57.
Meanwhile, LINK’s self-proclaimed nemesis, Zeus Capital, continues to claim that the coin will eventually hit $0. The project has been trying to make a point by sharing thoughts of other like-minded individuals on Twitter for the past several days.
