The accumulation of the ChainLink (LINK) cryptocurrency continues, with influential investors or so-called “whales” showing a lot of interest in it.
Researchers from the Santiment team this week published another review on this crypto project. It says that whales have been actively buying LINK tokens since January 2020.
Aggressive purchases are observed when the value of the coin falls. Since the beginning of the year, LINK addresses of influential investors have grown by more than 5% (+34.32 million coins). Whales are committed to long-term storage of altcoins.
On Sunday, November 1, the LINK rate rose to $ 11.3 (+ 1.59%). Cryptocurrency capitalization is now just over $ 4.386 billion. The coin is confidently holding the sixth line in the ranking of the largest digital assets.
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The Santiment team's report shows that investors are hoarding tokens despite many analysts questioning ChainLink's potential.
One of the opponents of this crypto project is Zeus Capital. She previously referred to LINK as a “bubble” that is about to burst.
In the second half of October, analysts of the same company once again recalled the speculative nature of altcoin.
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Zeus Capital expects LINK price correction very shortly. As proof of their prediction, analysts pointed to the stagnation of the ChainLink cryptocurrency, which has been marking time for several days in a row.