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Chainlink Records 223% Stunning Rally in Volumes as LINK Price Spikes
According to recent reports, Chainlink has witnessed a remarkable surge of 223% in its volumes. This impressive rally is concurrent with the rise in the price of LINK, the native cryptocurrency of the Chainlink network.
As per the data provided by crypto analyst Ali, it appears that whales have accumulated an astonishing 1.35 million LINK tokens within the past week alone. This accumulation could be a strong indication of potential future growth for the asset.
It is noteworthy to mention that over the past week, there were 14 integrations of Chainlink’s standard across seven services and eight different chains. Furthermore, Ripple has recently partnered with Chainlink to enhance the adoption and utility of its Ripple USD (RLUSD) stablecoin in DeFi applications.
While opinions expressed by our writers are their own and do not represent the views of U.Today, the rapid growth in volume and accumulation by whales could be a clear indication that investors have faith in the long-term prospects of Chainlink.
Source: u.today
