The crypto street continues to be ridden by the bears from the supercycle. Wherefore, digital assets across the business script negative gains. The market trend has left numerous merchants with pocket-heavy dips. The space has been anxiously waiting for December to evolve as Bullcember, which could revive the cryptos.
Meanwhile, several protocols have been outperforming the market trends. While receiving adoptions, collaborations, and have been soaring higher on the charts. Chainlink is one such digital asset that has been gaining traction lately. With numerous integrations and boarding prominent leaders from bluechip firms.
Chainlink’s Orbit To The Moon?
Chainlink network continues to integrate with multiple protocols. Sources suggest that UFT price oracles now support Chainlink. The initiative now increases UFT token utilities across De-Fi and blockchain. With Chainlink price feed using UFT as collateral will be secure and popular on Unilend Omnis.
Solarbeam the largest DEX on Moonriver will be integrating Chainlink price feeds into its protocol on Moonriver. Former Google CEO joins Chainlink as a Strategic Advisor, the expertise of Eric Schmidt would be imperative for the protocol.
Another integration comes with FLOKI, which would enable staking, lending, and borrowing. The integration will play a pivotal role in helping FLOKI’s P2E NFT game function efficiently. This is in addition to Santiment’s mention that whale behaviour is exhibiting consistent accumulation growth. Addresses holding 100k to 10M tokens have added about 3M LINK. While owning 23.6% of the total supply.
Chainlink (LINK) Price
LINK price at the time of press is trading at $23.15, while scripting gains of 12.4%. The market cap is currently at about $10,830,053,701. Whilst the volume of trades for 24-hours is at $1,768,397,804. The digital asset has been trading in the frequency from $20.18 to $23.08.
The ATH of $52.70 is short by 56.2% from current levels. The analyst is expecting a breakout to highs of 0.0008000 SATS. But a pullback towards the support at levels around $0.0003740 and $0.0004404 could be expected before the digital assets bullish embarkment to higher cliffs on the chart.
Collectively, Chainlink has been growing in prominence at a steady rate. With an increasing number of integrations, we can expect a bullish momentum to be around the corner. Enthusiasts from the community are optimistic about Chainlink making its way into the top-15 cryptocurrencies by market cap in near future.