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LINK’s Proof of Reserve Announcement May Result in Gains

Published 01/24/2023, 08:00 AM
LINK’s Proof of Reserve Announcement May Result in Gains

  • LINK’s price is slightly down over the last 24 hours.
  • Santiment tweeted that there may be a big uptick in LINK’s price.
  • Technical indicators for LINK remain bullish.

The price of Chainlink (LINK) is slightly down 0.01% over the last 24 hours according to CoinMarketCap. At press time, the altcoin’s price stands at $7.09. Despite the 24-hour drop in price, LINK’s weekly performance is still in the green at +5.59%.

The blockchain intelligence firm, Santiment, tweeted yesterday that there has been a big uptick in social volume regarding LINK shortly after Chainlink shared its proof of reserve advantages.

The tweet added that the increased crowd interest in LINK may have a positive impact on its price.

The post LINK’s Proof of Reserve Announcement May Result in Gains appeared first on Coin Edition.

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