Chainlink
Why Chainlink is down 5.8% today
Analysis
Chainlink (LINK) fell 5.8% over the past 24 hours amid a lack of clearly bullish, LINK-specific catalysts in the news flow. CryptoPotato’s piece comparing XRP, ADA, LINK, and ETH focused on relative “undervaluation” and upside discussion rather than reporting any concrete developments for Chainlink, which can leave price action more vulnerable to broader market selling pressure.
Contributing Factors (1)
XRP Vs. ADA Vs. LINK Vs. ETH: Which Alt Is More Undervalued and Has the Biggest Upside?
The conclusion was derived from the 30-day MVRV of each of those altcoins (and bitcoin).
Move Details
Explanation Confidence
Moderate confidence. Multiple factors may be contributing.