BAT, Monero, Chainlink Price Analysis: 31 July – AMBCrypto EnglishJuly 31, 2020
A few weeks after the crypto-community vocally predicted an incoming altseason, many of the same people are now highlighting Bitcoin’s overwhelming market dominance, thanks to the world’s largest cryptocurrency’s latest price surge. However, like is always the case, not all altcoins reciprocated the appreciation in BTC’s value, and some like Basic Attention Token continued to register corrections on the charts.
Chainlink, like Tezos and Crypto.com Coin, has been one of the market’s best-performing cryptocurrencies this year, with LINK noting YTD gains of 327%, at the time of writing. In fact, Chainlink was one of the crypto-assets leading the conversation about an incoming altseason after it began the month of July with a bang. Over the last few weeks, however, corrections have set in, with LINK falling by almost 20% on the charts before Bitcoin’s recent hike rescued it.
At press time, LINK was noting gains of almost 10% in less than a week’s time.
The aforementioned appreciation in value contributed to trend reversals for Chainlink as while the Parabolic SAR’s dotted markers switched to a bullish position, the Relative Strength Index climbed slightly towards the overbought zone.
On the development front, blockchain protocol NEAR became the latest to integrate Chainlink’s decentralized data oracles recently.