It is not uncommon to see noticeable corrections in the market after massive rallies like what Bitcoin is experiencing. About $ 80 billion was wiped out of the market in less than 24 hours, and some analysts believe the price could fall further.
Ethereum’s transaction fees skyrocket as the price plummets
At the time of writing, Ethereum (ETH) is trading at $ 520. The second largest digital asset, with current market capitalization of $ 59 billion and average daily trading volume of $ 30 billion, has lost over 12 billion. % Thursday. However, it is still in a green zone on a weekly basis.
Chainlink Price Prediction: LINK Remains Bullish Despite 34% Drop
Chainlink was trading as high as $ 16.39 before plunging to $ 11.29, the lower bound of an ascending parallel channel. LINK is currently trying to bounce towards the pattern’s upper trend line.