0R15 None None% 0R1E 7997.0107 0.6673% 0M69 19112.8301 51.8096% 0R2V 232.5 0.8677% 0QYR 1279.9777 -2.0832% 0QYP 417.5 0.4813% 0RUK 2639.0 -9.6851% 0RYA 1428.0 0.0% 0RIH 165.15 0.0% 0RIH 164.22 -0.5631% 0R1O 187.25 9967.2043% 0R1O None None% 0QFP 11104.6602 120.3306% 0M2Z 267.35 0.6589% 0VSO 32.08 -9.9003% 0R1I None None% 0QZI 576.0 0.0% 0QZ0 220.0 0.0% 0NZF None None% 0YXG 184.1 4.0672%
Crypto Market Round-Up
Typically, cryptocurrencies are termed as digital currencies and use blockchain technology to record every transaction. Chainlink (LINK) is a decentralized cryptocurrency founded in 2017 which enables transactions through an oracle network. The Chainlink network is run by a huge open-source community, such as data providers and developers, which help technology interact securely with external data feeds. LINK has a market capitalization of ~USD 6.72 billion (as per TradingView as of October 10, 2024).
Last week, the benchmark S&P Cryptocurrency Broad Digital Market (BDM) Index started on a negative note and maintained a bearish momentum for the entire week. The index dropped by 284.54 points (~6.70%) to 3962.35 for the week ending October 04, 2024. In the current week starting October 07, 2024, the index is trading with negative momentum. Moreover, other major cryptocurrencies, such as Bitcoin and Ethereum, are witnessing bearish momentum for the current week.
Having understood the S&P Cryptocurrency BDM Index movement over the last week and the scenario for the upcoming week, one crypto that seems ‘Bullish’ at the current level appears to be Chainlink (LINK) based on the below technical parameters: -
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