Chainlink, which is currently in the 8th position of CoinMarketCap‘s ranking of largest cryptos in the market by market cap, has recorded a spectacular growth of 30% recently.
This upturn breaks the downward trend in which the altcoin had been immersed for 6 weeks after one of the project’s devs allegedly flooded the market with his tokens, driving the price down.
Chainlink’s rebound coincides with the general growth of the market.
The altcoin had lost more than 60% of its value compared to its peak in mid-August, dropping to even $7.5 yesterday.
Regarding the market cap, it has fallen from more than $7B to the current $3B. However, in spite of this collapse, the altcoin is still one of the best performing cryptoassets this year, with an increase of more than 1,000% since January 1, when the currency reached its all-time high.
However, the growth momentum appears to have slowed down over the last few hours, resulting in the crypto trading at around $9.62 (+14.17%).
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