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The variety of recent factors driving the cryptocurrency market has significantly influenced the trajectory of Chainlink (LINK). Large Chainlink holders, also known as whales, were reported to have sold over 4 million LINK, leading to a potential impact on its price. Conversely, the CoinDesk 20 index noted that LINK had gained 4.6%, suggesting a somewhat positive market trend.
The meme coin market has also seen notable activity, with a new token potentially flipping the market cap of UNI and LINK in mere weeks. On the political sphere, both Donald and Melania Trump have launched cryptocurrencies, further stirring the market. In tandem with these developments, Chainlink (LINK) price details show positive trends aiming around $38 to $50 range, pointing to a potentially bullish trajectory for the token. Galaxy Digital (GLXY) and BitGo have partnered for crypto staking, delivering further developments in the blockchain sector.
Moreover, crypto exchanges from Coinbase to Kraken have made noteworthy progress. Coinbase successfully obtained Virtual Asset Service Provider (VASP) registration in the U.K., while Kraken restored crypto staking for U.S. customers. Chainlink (LINK) also reportedly sees increased interest among investors as Donald Trump's platform bought more tokens, possibly signaling heightened institutional demand.
LINK Coin News Analytics from Thu, 10 Oct 2024 07:00:00 GMT to Wed, 05 Feb 2025 11:28:57 GMT - Rating 7 - Innovation 9 - Information 6 - Rumor -1