Chainlink (LINK) and Cronos (CRO) have recently enjoyed positive price movements, despite the market\u2019s uncertainty over cryptocurrencies. Both tokens increased around15% from their low point 7 days back.<\/p>\n
The recent gains show that LINK and CRO are still holding strong as they continue to rank top 50 based on market cap<\/a>. The two tokens also maintained a high trading volume throughout the last seven days.<\/p>\n Related Reading: Bitcoin And The Golden Ratio Bottom | BTCUSD Analysis September 29, 2022<\/a><\/p>\n Upward Trends Amidst Market Uncertainty<\/p>\n The entire crypto market still suffers from the recent bearish trend. However, LINK and CRO managed to maintain an upward movement amid investors\u2019 concerns about the future of cryptocurrency markets.<\/p>\n In fact, LINK has been one of the best-performing altcoins this week. It gained over 21% since last Thursday, reaching a high of $8.46 yesterday. This is not surprising considering the token\u2019s performance in the last 30 days. LINK was able to gain around 16% this month alone.<\/p>\n We can\u2019t say the same for CRONOS\u2019 30-day performance. However, it did manage to move upwards by 16.9% during the past seven days. Its current value stands at $0.110, which is up from its lowest point of $0.105.<\/p>\n CRO\u2019s price currently hovers around $0.110. | Source: CROUSD price chart from TradingView.com<\/a> A recent tweet<\/a> from Santiment suggested that many investors opted to unload LINK holdings they purchased during a price drop. Yesterday, LINK reached a local high of $8.46, providing an opportunity for several market participants to benefit. The number of LINK transactions was four times higher than expected, according to the Santiment analytics team.\u00a0<\/p>\n In another tweet<\/a> from Santiment, LINK stakeholder activity peaked on September 28. Despite the general bearishness in the cryptocurrency market, this helped LINK break the $8 threshold and begin a period of growth. The increase led Santiment analysts to conclude that LINK has been \u201cdecoupling\u201d from other cryptos in the last 10 days.<\/p>\n The coin\u2019s price, however, was unable to maintain the new high. According to CoinMarketCap<\/a>, LINK has dropped over 0.22% in the last 24 hours to $7.89 at the time of writing.<\/p>\n LINK\u2019s price is currently fluctuating below $8. | Source: LINKUSD price chart from TradingView.com<\/a> The recent week was a breakthrough one for CRO. According to statistics from the cryptocurrency social analytics company LunarCrush<\/a>, the altcoin ranked 26th in terms of market capitalization.<\/p>\n The previous week has also seen a surge in CROs\u2019 social engagement. As of September 23rd, its total number of social media mentions had risen by 40% to 37,000. Also, the value of CRO\u2019s social engagements went up by 14% over that time, reaching $61.6 million. The alt\u2019s price rose by 13% as of September 23rd, according to LunarCrush<\/a>, because of the increased interest in it on social media.\u00a0<\/p>\n Related Reading: Bitcoin Sees Massive Decline In On-Chain Activity<\/a><\/p>\n This past week saw a 1% decrease in the average seven-day supply of CRO on exchanges. To investors\u2019 relief, this trend swung in their favor as an uptick in the indicator would\u2019ve signaled a rise in selling pressure. As of the time of writing, CRO has gained 3.16% in value over the previous week, as measured by volume traded on CoinMarketCap<\/a>.<\/p>\n Featured image from Pixabay and chart from TradingView.com<\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n Chainlink (LINK) and Cronos (CRO) have recently enjoyed positive price movements, despite the market\u2019s uncertainty over cryptocurrencies. Both tokens increased around15% from their low point 7 days back.<\/p>\n The recent gains show that LINK and CRO are still holding strong as they continue to rank top 50 based on market cap<\/a>. The two tokens also maintained a high trading volume throughout the last seven days.<\/p>\n Related Reading: Bitcoin And The Golden Ratio Bottom | BTCUSD Analysis September 29, 2022<\/a><\/p>\n Upward Trends Amidst Market Uncertainty<\/p>\n The entire crypto market still suffers from the recent bearish trend. However, LINK and CRO managed to maintain an upward movement amid investors\u2019 concerns about the future of cryptocurrency markets.<\/p>\n In fact, LINK has been one of the best-performing altcoins this week. It gained over 21% since last Thursday, reaching a high of $8.46 yesterday. This is not surprising considering the token\u2019s performance in the last 30 days. LINK was able to gain around 16% this month alone.<\/p>\n We can\u2019t say the same for CRONOS\u2019 30-day performance. However, it did manage to move upwards by 16.9% during the past seven days. Its current value stands at $0.110, which is up from its lowest point of $0.105.<\/p>\n CRO\u2019s price currently hovers around $0.110. | Source: CROUSD price chart from TradingView.com<\/a> A recent tweet<\/a> from Santiment suggested that many investors opted to unload LINK holdings they purchased during a price drop. Yesterday, LINK reached a local high of $8.46, providing an opportunity for several market participants to benefit. The number of LINK transactions was four times higher than expected, according to the Santiment analytics team.\u00a0<\/p>\n In another tweet<\/a> from Santiment, LINK stakeholder activity peaked on September 28. Despite the general bearishness in the cryptocurrency market, this helped LINK break the $8 threshold and begin a period of growth. The increase led Santiment analysts to conclude that LINK has been \u201cdecoupling\u201d from other cryptos in the last 10 days.<\/p>\n The coin\u2019s price, however, was unable to maintain the new high. According to CoinMarketCap<\/a>, LINK has dropped over 0.22% in the last 24 hours to $7.89 at the time of writing.<\/p>\n LINK\u2019s price is currently fluctuating below $8. | Source: LINKUSD price chart from TradingView.com<\/a> The recent week was a breakthrough one for CRO. According to statistics from the cryptocurrency social analytics company LunarCrush<\/a>, the altcoin ranked 26th in terms of market capitalization.<\/p>\n The previous week has also seen a surge in CROs\u2019 social engagement. As of September 23rd, its total number of social media mentions had risen by 40% to 37,000. Also, the value of CRO\u2019s social engagements went up by 14% over that time, reaching $61.6 million. The alt\u2019s price rose by 13% as of September 23rd, according to LunarCrush<\/a>, because of the increased interest in it on social media.\u00a0<\/p>\n Related Reading: Bitcoin Sees Massive Decline In On-Chain Activity<\/a><\/p>\n This past week saw a 1% decrease in the average seven-day supply of CRO on exchanges. To investors\u2019 relief, this trend swung in their favor as an uptick in the indicator would\u2019ve signaled a rise in selling pressure. As of the time of writing, CRO has gained 3.16% in value over the previous week, as measured by volume traded on CoinMarketCap<\/a>.<\/p>\n Featured image from Pixabay and chart from TradingView.com<\/p>\n <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-8816","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/8816","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=8816"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/8816\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=8816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=8816"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=8816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nReasons For LINK\u2019s Positive Moves<\/p>\n
\nSocial Engagement Responsible For CRO\u2019s Rise<\/p>\n
\nReasons For LINK\u2019s Positive Moves<\/p>\n
\nSocial Engagement Responsible For CRO\u2019s Rise<\/p>\n