Chainlink price sentiment hints 93% after payment abstraction launch

Here’s why Pi Network, Jasmy, LTC, Ethena, and altcoins are down

Chainlink price has sold off over the past three months, leading to a $10 billion wipeout as its market cap fell from $18 billion to $8.8 billion.

Here’s why Pi Network, Jasmy, LTC, Ethena, and altcoins are down

Chainlink crashed to $13.52 because of the ongoing sell-off in the crypto industry. Bitcoin, which sets the tone in crypto, dropped from $109,300 in January to $82,000. Still, LINK has several catalysts that could boost its price in the coming weeks.

Here’s why Pi Network, Jasmy, LTC, Ethena, and altcoins are down

According to CoinMarketCap, it has a bullish community sentiment of 93.2%, indicating that many of CMC’s users remain optimistic about the coin. Chainlink has also continued to enhance its network in 2024. Developers recently announced the launch of Chainlink Payment Abstraction.