In the context of a recovering crypto market, Chainlink (LINK) shows significant growth, increasing by over 11% in the last 24 hours.
Price Surge of Chainlink
Chainlink, the thirteenth largest cryptocurrency by market capitalization, has recorded a rise of over 11% recently. This increase comes amid a general upturn in the crypto market, driven by easing tensions in the Middle East region. According to data from Santiment, the LINK token climbed from $11.5 to $13.34 in just one day.
Increase in Token Holders
Interestingly, the number of Chainlink token holders has also seen a significant increase. As reported by Santiment, the total number of wallets holding LINK tokens has reached an all-time high of 769,380. This surge may indicate growing interest from new investors.
Future Prospects
Market analysts suggest that the increase in holders and the recent price rise could foretell more substantial breakout opportunities in the future. Additionally, data shows that the number of active wallets over the past year has decreased by 17%, which may highlight potential opportunities for long-term investors.
Thus, Chainlink demonstrates positive signals both in terms of price and growing holder base, potentially supporting further growth in the future.
