Chainlink (LINK) has recently shown significant growth, reaching $24. This increase has been accompanied by heightened network activity and optimism among investors.
$24 Isn’t the Ceiling
Recent data from crypto analytics firm Santiment indicates that the number of active LINK addresses reached 6,463, the highest in eight months. This milestone coincided with 4,624 whale transactions exceeding $100,000, marking the highest figures in the last seven months. Optimistic sentiment has also surged, with 3.3 bullish comments for every bearish one, indicating strong confidence among 'Chainlink marines' since February.
Bridging Wall Street To Blockchain
Chainlink has recently launched a new product, Data Streams for US equities and ETFs, aimed at bridging traditional and decentralized finance. This feature provides real-time pricing for major assets like CRCL, QQQ, NVDA, and MSFT across 37 blockchain networks.
Future Prospects of LINK
Despite the fact that LINK is still trading more than 50% below its May 2021 peak, experts are confident in its growth potential. Crypto traders and analysts express strong belief that LINK could be 'the most obvious large-cap play' for this cycle.
Chainlink is showing increasing activity and optimism, which may indicate strong future prospects for the token. The launch of new features also opens avenues for the integration of traditional and decentralized finance.
