Chainlink's 33% Recovery May Trigger Positive Q4 2023
Chainlink has been thriving in the face of adversity. On the monthly frame, Bitcoin is up 1.7%, while Ethereum is down 1.6%. Other altcoins like Solana, Cardano MATIC, and XRP have shed 3%–8% of their respective values. Chainlink, however, has risen by 33% in the same timeframe. In this process, it has already nullified the 22% loss registered last month. Retrospectively, LINK is up 24% in Q3. In this process, LINK has managed to rise up on the rankings chart. In fact, it recently overtook Shiba Inu on this front. SHIB was the 19th-ranked asset at press time, while LINK occupied the 17th position. As illustrated below, the market cap flip just transpired a few hours ago. Source: Sanbase Also Read: Bitcoin Cash Up 8%: Can Bulls Push BCH to $250? What to Expect from LINK in Q4? In the weekly timeframe, LINK has registered a bullish flip from its downtrend line initiated in 2021. As a result, analysts like ‘Rekt Capital’ have started questioning if the macr...