Chainlink’s recent partnerships and technological advancements are driving its momentum and future potential in the crypto space.
Testing a multi-year support area, Chainlink could reach a new all-time high in the coming months.
Chainlink token, LINK, has felt the impact of the current cryptocurrency market resurgence. When Bitcoin (BTC) crossed numerous significant thresholds, such as $58k and $60k, it sparked a renewed interest in altcoins. As a result, Chainlink’s performance has dramatically improved.
As of this writing, LINK is trading at roughly $10.61, up 6.59% over the last 24 hours, with a daily trading volume of $273.02 million.
Earlier in this recovery phase, CNF noted the increase in Chainlink’s daily active addresses, which had reached a peak. At the time, the total number of daily active addresses was approximately 5,740, a significant amount that indicates strong user activity inside the network.
The number of active addresses is an important indicator since it
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