Crypto Blog
LINK, the native cryptocurrency of the Ethereum-based decentralized blockchain oracle network Chainlink, has witnessed a price breakout fueled by strong on-chain activity and increasing investor confidence.that technical indicators for LINK suggest there is a potential for continued price gains and that the asset’s long-term outlook remains positive.
LINK currently ranks 14th on the list of top crypto assets by market cap. Over the past few days, the cryptocurrency hasWhale transaction counts for trades worth $100,000, $1 million, and above have been rising, highlighting the interest of high-net-worth individuals and institutional investors in Chainlink. On-chain data shows that holders with massive amounts of LINK have aggressively accumulated the token over the past few weeks.
Additionally, Chainlink has recorded a significant performance against Bitcoin, with LINK outperforming the leading crypto asset by 8.8% during its latest surge.
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