Announcing Chainlink Rising! Whales Begin to Show Intense Interest!
Bitcoin price, which fell at this time yesterday, is now pushing $ 19,600. This altcoin is recovering with good news. Even during the toughest days of the cryptocurrency winter, some altcoins have made significant strides, improving their price performance. XRP’s gain in the SEC lawsuit, Cardano’s Vasil hard fork and Ethereum’s Merge movement are some of them. This crypto money, which has great dominance in its field, is rising with the latest good news.
Chainlink (LINK) Comment
Chainlink, the largest blockchain solution in the Oracle space, serves many DeFi protocols today. It’s not surprising that decentralized exchanges are the first choice, as they have no serious competitors in the field. At the time of writing, LINK, which found buyers for about $ 8, has seen an 87% increase in transaction volume in the last 24 hours.
According to a new Santiment report released Sept. 28, Chainlink is sending some pretty impressive growth signals. Leading crypto analytics firm Santiment noted that Chainlink has been showing signs of leaving the general crypto market since Sept. This is because the price has appreciated 18% in the last six days. One of the reasons for this growth was increased whale interest. WhaleStatsAccording to the data provided by Chainlink, one of the most used smart contracts among the top 500 ETH whales in the last 24 hours. LunarCrush, on the other hand, announced that Chainlink attracted attention at the point of social media dominance. The $9 target, recently announced by Poppe, was delayed by the recent BTC drop. In the coming hours, LINK may focus on this goal with the effect of these positive signals.
SmartCon is another reason for the rise. Chainlink is sharing important updates these days. Chainlink SCALE was announced today. Announcing the operating costs of Chainlink oracle networks, this move provides developers with access to a variety of key oracle services that may include configurations specific to ecosystem needs, such as Data Streams with higher update frequencies to enable more advanced and low-latency smart contract applications. As a result, Chainlink SCALE aims to generate more economic value for each participant in Web3 such as blockchains, dApps, oracle service providers and users, while at the same time migrating the entire data stack to a more sustainable economic model.
About an hour ago, the BUILD Economics 2.0 program was announced. This step is committed to providing network fees and other incentives to Chainlink service providers. With BUILD support, projects will be able to more easily produce value-added Web3 solutions using the latest oracle technology.