60% reduction in Chanelkin tokens in less than 40 years
On August 14. After reaching an all-time high of 19.20, the Chanelink token trades lower in just one month after dropping by more than 50 50. Token, which briefly ranked Bitcoin Cash as the fifth-largest cryptocurrency in terms of market capitalization, was ranked 9th on Market.bitcoin.com at the time of writing.
On the surface, the fall in tokens coincides with the rest of the crypto market, which has been falling since Monday, September 6, yet Chanlink's opponents insist that Link's fall is no more than the current downtrend. ۔ Compared to other Defy-related projects in the last 30 days when they point to the severity of the token fall.
60% reduction in Chanelkin tokens in less than 40 years: Opponents ask whether the bubble has finally burst.
In August, CryptoHail, a leading competitor of Chanelink and a Twitter user, argued that the value of the link had "exceeded its original value through DF-Fi hype and greed." However, in a recent tweet, CryptoHail reminded his followers of death threats after advising them to sell token holders from Link Marines to the public. The cryptowhale predicted the collapse of the link and since then, the token has been retreating. Opponents insist this is happening because there is nothing left to artificially pump up the price.
60% reduction in Chanelkin tokens in less than 40 years: Opponents ask whether the bubble has finally burst.
60% reduction in Chanelkin tokens in less than 40 years
Reiterating the message that the rise of the link is a bubble, the name of the channel is Chief, Zeus Capital LLP. Controversial asset management company Chanelink is engaged in a very public campaign to discredit the project and claims that it is a pump and dump scheme to make the founders rich. On its Twitter handle, Zeus Capital LLP regularly publishes proof of the conditions under which token dumps through some of Channel 9's leading whales. According to CryptoHail, link whales account for 70% of all tokens in circulation.
With Link's steady decline, Zacks Capital LLP, which expired in August after shortening the token, has been taken over by Chanelink Marines. Still, allegations that Zeus Capital LLP is spreading FUDs for its own interests are not going away.
60% reduction in Chanelkin tokens in less than 40 years: Opponents ask whether the bubble has finally burst.
For example, a Twitter user, channellinkgood.com. Zeus Capital LLP reminds followers that the asset management company is a "fake entity" trying to manipulate retail investors through a short and distorted misinformation campaign through paid Twitter ads. Fake 'research' report forwarded. "
Another Twitter user challenged the link crash evidence from Zeus Capital LLP, which shows the positive performance of tokens in the first, second and third quarters of 2020. According to this information, the link is up 84.4% in the third quarter.
60% reduction in Chanelkin tokens in less than 40 years: Opponents ask whether the bubble has finally burst.
Meanwhile, the link token fell to 4 8.33 at the time of writing, after a brief fall of 7.54 on Wednesday, September 23. The 24-hour trade volume was 58 582 million.