Chainlink wins on social dominance and climbs the top 3 of the most discussed assets on the market

Chainlink wins on social dominance and climbs the top 3 of the most discussed assets on the market
chainlink, a cryptocurrency, has won social dominance, according to an analysis of Santiment, and is now on the market in the third place of the most commonly discussed assets. Social dominance is measured by comparing the social volume of a cryptocurrency with which the 100 largest assets are compared after market capitalization.
The analysis of Santiment shows that Chainlink receives considerable attention on social media platforms such as Twitter, Reddit, Telegram and 4chan. The social volume, which measures the number of social media text documents, has increased the Chainlink in recent days. This is probably due to the strong price increase from Chainlink.
The current price of Chainlink is around $ 8.1 and has increased by 15 % in the past seven days. Although the price recently exceeded the $ 8.4 brand and has dropped slightly since then, the value still indicates impressive profits.
Nevertheless, some analysts warn too much hype about cryptocurrency. A great increase in social volume and social dominance can be a possible sign that the highlight of the price increase has been reached. Excessive hype often leads to excessive expectations and can lead to the price finally falls.
It remains to be seen whether the price increase and the social dominance of Chainlink are sustainable or whether it is only a temporary effects of the hype. It also remains unclear whether the price continues to increase or falls. Crypto investors should follow the developments carefully in order to be able to make sound decisions.