ETH and LINK are two potential tokens you should keep your eyes on
The leading analytics firm Santiment said that despite Ethereum’s price drop in recent months, its utility hasn’t lessened. Ethereum’s number of daily active addresses (DAA) has remained steady over the past four months despite losing approximately 35% in price.
The disparity between Ethereum’s DAA and the price has created a bullish divergence for the platform.
Ethereum is now trading at $2,766, up over 5% in the last 24 hours.
Chainlink (LINK) is another noteworthy token to keep an eye on right now. “There were a few times when circulation increased, then dumped, and then price surged. There is a chance we are now in a similar pattern,” the analytics firm indicated.
“If we compare it to LINK and its circulation one year before……Then we could notice some differences. The pattern above works a bit differently. That could be the sign of a bull market itself. Circulation increases, then a lag happens, and then the price grows,” Santiment predicted the LINK’s price.
LINK is now trading at $14.51. In the last 24 hours, the price of the token has increased by more than 6%.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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