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LINK Drops 26% After ‘Trump Pump’ Fizzles – What’s Coming Next?
The world of cryptocurrency was recently sent into a whirlwind with the unexpected surge in Chainlink (LINK) price, dubbed the “Trump pump” due to former US President Donald Trump’s endorsement. However, it seems this excitement has been short-lived as LINK has dropped 26% in recent days.
A 21% increase in the price of LINK was observed just a few days ago, with many speculating about the potential reasons behind this sudden upswing. Many believed that Trump’s interest in cryptocurrency and blockchain technology could have triggered the unexpected surge. Now, it appears that the market has taken a sharp turn, with a significant decline seen in LINK’s value.
What can be expected to happen next?
While some may view this recent drop as a cause for concern, others believe that the fundamentals of Chainlink’s business model are not affected by short-term price fluctuations. As we have seen numerous times before, cryptocurrency markets can be extremely volatile and unpredictable.
It is crucial to consider these factors when making investment decisions.
We will continue to monitor the situation closely and provide you with any updates as more information becomes available.
Source: cryptonewsland.com
