Chainlink (LINK), a provider of Oracle services, has experienced a strong retracement in the last 24 hours, dropping by 4% and currently trading at $7.60 with a market cap of $4.2 billion. The trading volume of Chainlink has increased by 20% to $370,072,812. Some market analysts have been expecting a correction based on Santiment’s Market Value to Realized Value (MVRV) after the current bounce. On Monday, Chainlink launched "Data Streams" to reduce network latency and facilitate the creation of ultra-fast and user-friendly derivatives products.
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Chainlink (LINK) Price Correction Expected Based on On-Chain Data and Analysts' Predictions
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