As Chainlink Adoption Soars, Will These Strengthen LINK Price?<\/title>\n<meta name=\"description\" content=\"Chainlink (LINK) is making all the right noises, boasting its nine new integrations on varied platforms including Solana, Polygon, and Ethereum. Apart\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/chainlink-adoption-increases\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"As Chainlink Adoption Soars, Will These Strengthen LINK Price?\" \/>\n<meta property=\"og:description\" content=\"Chainlink (LINK) is making all the right noises, boasting its nine new integrations on varied platforms including Solana, Polygon, and Ethereum. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. 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{"id":520517,"date":"2023-02-22T05:02:49","date_gmt":"2023-02-22T05:02:49","guid":{"rendered":"https:\/\/uniquehot.com\/?p=520517"},"modified":"2023-02-22T05:02:49","modified_gmt":"2023-02-22T05:02:49","slug":"chainlink-adoption-increases","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/chainlink-adoption-increases\/","title":{"rendered":"As Chainlink Adoption Grows, Will It Strengthen LINK Price?"},"content":{"rendered":"

Chainlink (LINK) is making all the right noises, boasting its nine new integrations on varied platforms including Solana, Polygon, and Ethereum. Apart from the serial adoptions across chains, LINK price is also seen to soar in the past week, but would the uptrend continue or dwindle down in the coming days?<\/span><\/p>\n

Let’s take a quick glance at how LINK is performing lately:<\/p>\n

Crypto leading in social metrics<\/span><\/li>\n<\/ul>\n

According to<\/span> CoinMarketCap<\/span><\/a>, LINK price dipped by 5.4% or currently trading at $7.53 as of this writing. Although the price was down due to the token wading through an overbought zone, LINK price has been rallying by more than 11% in the past few days.<\/span><\/p>\n

$\"\"$ <\/p>\n

In order for the LINK price to put a halt on the consolidation phase, it\u2019s a must for buyers to regroup as well. As of press time, technical indicators show a sideways trend for Chainlink.<\/span><\/p>\n

More Whales Scooping LINK<\/b><\/h2>\n
It was observed that LINK has been consolidating since May 2022. And during this long-term consolidation phase, LINK must rise to the top. <\/span><\/p>\n
On the other hand, there seems to be a rise in trading volume which shows the increasing accumulation of buyers which could restrict LINK\u2019s capacity to rally in long term.<\/span><\/p>\n
\n
\ud83d\udc33 The top 500 #ETH<\/a> whales are hodling<\/p>\n
$665,917,193 $SHIB<\/a>
\n$209,169,691 $MATIC<\/a>
\n$155,499,328 $LINK<\/a>
\n$146,616,720 $BEST<\/a>
\n$143,482,510 $CHSB<\/a>
\n$138,911,939 $BIT<\/a>
\n$100,127,340 $UNI<\/a>
\n$76,832,643 $MANA<\/a><\/p>\n
Whale leaderboard \ud83d\udc47 https:\/\/t.co\/tgYTpOm5ws<\/a> pic.twitter.com\/F2lpULqiFP<\/a><\/p>\n
\u2014 WhaleStats (tracking crypto whales) (@WhaleStats) February 19, 2023<\/a><\/p><\/blockquote>\n
On the brighter side, more whales remained loyal and held on to LINK. In fact, LINK was among the top choice in WhaleStats’ list of 500 Ethereum cryptocurrencies held by whales. <\/span><\/p>\n
More so, LINK has seen a surge in network growth and it also has showcased continuous demand and increasingly favorable funding rates in the futures market.<\/span><\/p>\n
<\/p>\n
LINK total market cap at $3.8 billion on the daily chart | Chart: TradingView.com<\/a><\/pre>\n
Related Reading: BLUR Token Clears The Path With 67% Rally In Single Week<\/a><\/div>\n
Chainlink Network Users Increase<\/b><\/h2>\n
Interestingly enough, LINK is also leading in terms of social dominance and the number of network users has also increased as hinted by the surge in the number of active wallet addresses.<\/span><\/p>\n
According to crypto expert and analyst,<\/span> Inmortal<\/span>, the LINK bulls may experience a smooth rally in the event that it peaks at $9 but because LINK\u2019s Money Flow Index (MFI) looks like it pushed through an overbought territory, and so the uptrend may be suppressed for a bit.<\/span><\/p>\n
Greed For LINK<\/strong><\/h3>\n
As Chainlink adoption increases, it is expected that the positive move will also benefit its token.<\/p>\n
According to CoinCodex<\/a>\u00a0current Chainlink price forecast, LINK\u00a0is expected to increase by 10.06% by February 28, 2023, reaching $8.29.<\/p>\n
Based on its technical indicators, the present sentiment is bearish, and the Fear & Greed Index has a reading of 59, which represents Greed.<\/p>\n
A Greed reading implies that traders in the market are in the mood to acquire more.<\/p>\n
-Featured image from<\/p>\n","protected":false},"excerpt":{"rendered":"
Chainlink (LINK) is making all the right noises, boasting its nine new integrations on varied platforms including Solana, Polygon, and Ethereum. Apart from the serial adoptions across chains, LINK price is also seen to soar in the past week, but would the uptrend continue or dwindle down in the coming days? Let’s take a quick glance at how LINK is performing lately: LINK price down 5.3% in last 24 hours LINK gets Greed sentiment Crypto leading in social metrics According to CoinMarketCap, LINK price dipped by 5.4% or currently trading at $7.53 as of this writing. Although the price was down due to the token wading through an overbought zone, LINK price has been rallying by more than 11% in the past few days. Related Reading: The Graph (GRT) Steamrolls Upward As AI Crypto Cements 109% Gain In Last 30 Days In order for the LINK price to put a halt on the consolidation phase, it\u2019s a must for buyers to regroup as well. As of press time, technical indicators show a sideways trend for Chainlink. More Whales Scooping LINK It was observed that LINK has been consolidating since May 2022. And during this long-term consolidation phase, LINK must rise to the top. On the other hand, there seems to be a rise in trading volume which shows the increasing accumulation of buyers which could restrict LINK\u2019s capacity to rally in long term. \ud83d\udc33 The top 500 #ETH whales are hodling $665,917,193 $SHIB $209,169,691 $MATIC $155,499,328 $LINK $146,616,720 $BEST $143,482,510 $CHSB $138,911,939 $BIT $100,127,340 $UNI $76,832,643 $MANA Whale leaderboard \ud83d\udc47https:\/\/t.co\/tgYTpOm5ws pic.twitter.com\/F2lpULqiFP \u2014 WhaleStats (tracking crypto whales) (@WhaleStats) February 19, 2023 On the brighter side, more whales remained loyal and held on to LINK. In fact, LINK was among the top choice in WhaleStats’ list of 500 Ethereum cryptocurrencies held by whales. More so, LINK has seen a surge in network growth and it also has showcased continuous demand and increasingly favorable funding rates in the futures market. LINK total market cap at $3.8 billion on the daily chart | Chart: TradingView.com Related Reading: BLUR Token Clears The Path With 67% Rally In Single Week Chainlink Network Users Increase Interestingly enough, LINK is also leading in terms of social dominance and the number of network users has also increased as hinted by the surge in the number of active wallet addresses. According to crypto expert and analyst, Inmortal, the LINK bulls may experience a smooth rally in the event that it peaks at $9 but because LINK\u2019s Money Flow Index (MFI) looks like it pushed through an overbought territory, and so the uptrend may be suppressed for a bit. Greed For LINK As Chainlink adoption increases, it is expected that the positive move will also benefit its token. According to CoinCodex\u00a0current Chainlink price forecast, LINK\u00a0is expected to increase by 10.06% by February 28, 2023, reaching $8.29. Based on its technical indicators, the present sentiment is bearish, and the Fear & Greed Index has a reading of 59, which represents Greed. A Greed reading implies that traders in the market are in the mood to acquire more. -Featured image from<\/p>\n","protected":false},"author":557,"featured_media":520521,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[16295,79580,87889,16097,87890,82825],"class_list":["post-520517","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-chainlink","tag-chainlink-price","tag-inmortal","tag-link","tag-link-bulls","tag-link-price"],"acf":[],"yoast_head":"\nAs Chainlink Adoption Soars, Will These Strengthen LINK Price?<\/title>\n<meta name=\"description\" content=\"Chainlink (LINK) is making all the right noises, boasting its nine new integrations on varied platforms including Solana, Polygon, and Ethereum. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/uniquehot.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"As Chainlink Adoption Grows, Will It Strengthen LINK Price?","url":"http:\/\/uniquehot.com\/news\/chainlink-adoption-increases\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/chainlink-adoption-increases\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/Chan.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/Chan.png?fit=726%2C485"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["chainlink","chainlink price","inmortal","link","link bulls","link price"],"dateCreated":"2023-02-22T05:02:49Z","datePublished":"2023-02-22T05:02:49Z","dateModified":"2023-02-22T05:02:49Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"As Chainlink Adoption Grows, Will It Strengthen LINK Price?\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/chainlink-adoption-increases\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/chainlink-adoption-increases\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/02\\\/Chan.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/02\\\/Chan.png?fit=726%2C485\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"chainlink\",\"chainlink price\",\"inmortal\",\"link\",\"link bulls\",\"link price\"],\"dateCreated\":\"2023-02-22T05:02:49Z\",\"datePublished\":\"2023-02-22T05:02:49Z\",\"dateModified\":\"2023-02-22T05:02:49Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/Chan.png?fit=726%2C485","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/520517"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=520517"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/520517\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/520521"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=520517"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=520517"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=520517"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}