Is Chainlink Going to Zero? LINK Price Drops 5% Suddenly as New Staking Coin Secures $200,000

from Early Investor

At this time, it is unlikely that Chainlink (LINK) will go to zero. Chainlink’s price has recently dropped 5%, likely due to new staking coin’s securing a sizeable investment from an early investor. Such news, while certainly having an effect on the price, is unlikely to cause such a drastic drop that would bring the price to zero. LINK is backed by a strong network of developers, institutions, exchanges, and partnerships, and is currently one of the top ten cryptocurrencies by market cap. As such, the short-term market fluctuation seen recently is unlikely to have a long-term impact on the currency’s value.