The cost of the altcoin ChainLink (LINK) reached $7 a week ago, but on the night of October 24, the rate fell to $6.97.

Among the major digital currencies, LINK is at number 21 with a total capitalization of over $3 billion. The decentralized network team notes that ChainLink got a boost thanks to whales.

Each whale address (about 450) holds more than $700,000. Therefore, starting from 2017, it was possible to accumulate a large amount of cryptocurrency. In addition to whales, other investors are also actively investing, under the name - sharks.

The amount of investments in cryptocurrency for seven months amounted to $312.7 million, analysts emphasized. With further activity, it is possible that LINK will rise to $8.

Earlier, news came out that 19 projects are implementing ChainLink services in their work.