Chainlink (LINK) and Cosmos (ATOM) are increasingly seeing a drop in investor interest. This is reasonably expected because the average crypto investor is not just in the market for the tech; they want to see gains as well.

Chainlink (LINK) and Cosmos (ATOM) have recently failed to deliver on this front. Despite their seemingly strong fundamentals, Cosmos (ATOM) and Chainlink (LINK) have underperformed in the market, even during rallies.  This has seen investors look elsewhere to take advantage of the market’s profit opportunities.

One cryptocurrency currently in the investor spotlight is Sparklo (SPRK). There is so much optimism around Sparklo (SPRK) that some analysts expect it to reach the top 100 once the presale is over.

Chainlink (LINK) Whale Selling Stagnates The Price

Chainlink (LINK) saw one of the best price runs in 2020 and early 2021. From under $5, Chainlink (LINK) made highs of $50 on some exchanges. However, after April 2021, Chainlink(LINK) stagnated, and the price never saw new highs, even in the crypto peak out of November 2021.

Analysts believe that despite Chainlink (LINK)’s strong fundamentals, it continues to face pressure from those who got in at ICO selling. This continued selling will likely keep the price depressed, especially now that crypto is still in a bear market.

This explains why savvy investors are looking beyond what Chainlink (LINK) can do as a technology and more toward where the profits will come from next.

Sparklo (SPRK)’s presale has seen a lot of inflow from Chainlink (LINK) investors, an

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Author: Crypto Daily

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