The digital currency LINK reaches a record level for the first time in 3 months…Details here
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Answer The digital currency LINK reaches a record level for the first time in 3 months…Details here
Data analytics platform Santiment has commented on the recent LINK price jump amid the volatile crypto market.
The team of analysts at data analytics platform Santiment believe that there were two possible reasons that pushed the price of LINK to rise above $9.
According to Santiment’s tweet, the price of LINK briefly rose to $9.20, the highest level not seen since mid-August.
The analytics platform sees the LINK price being driven by the massive activity of LINK wallets over the past month.
Besides, traders have been pushing LINK higher especially after higher funding rates.
At the time of writing this article, LINK cryptocurrency is trading close to its three-month high mentioned above.
The coin is trading at $8.70 but still showing a 7% gain over the past 24 hours.
On November 3, Chainlink posted a tip about a new partnership with the decentralized gaming company.
Through this partnership, Chainlink intends to support the expansion of the GameFi and NFT spaces using its oracle services.
Meanwhile, the LINK community is looking forward to the official announcement from Chainlink, as the exact date has yet to be announced.
It is worth noting that whales are actively buying LINK currency.
Read:The SNX cryptocurrency has risen by more than 30% in the last 24 hours…Here are the reasons for the rise?
By the end of last October, the number of wallets with more than 100,000 LINKs had reached 459.
This number is the highest since 2017.
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