Santiment recorded the highest activity on the Chainlink network for 5 years
On June 28, users moved 80,8 million unique LINK tokens
29.06.2022 - 08:55
405
2 min
0
What’s new? Analysts at Santiment have recorded a record activity on the Chainlink (LINK) decentralized oracle network for 5 years. On June 28, 80,8 million unique LINK tokens were moved by users. This is the largest figure since the initial coin offering (ICO) in September 2017.
🔗 #Chainlink saw a mild -4% drop alongside the #altcoin pack. However, one thing stood out... 80.8M cumulative unique $LINK moved addresses Tuesday, breaking a 5-year record. Its opening trading days in September, 2017 were the only time we've seen more. https://t.co/DfBFKRZdMs pic.twitter.com/HMVLXAjrQI— Santiment (@santimentfeed) June 29, 2022
The Chainlink network is based on the Ethereum blockchain. The platform handles verification and data collection from external sources for other smart contracts. In June, the team announced the launch of a staking feature that will be available in the second half of 2022, as well as the development of a new consensus algorithm, Proof of Reserves (PoR), which will the transparency of transactions. As of June 29, 09:30 UTC, LINK is trading at $6,44, down by 4,17% per day, according to Binance.
Earlier, analyst Kevin Svenson predicted a 100-fold return on LINK when buying the token in the $2-3 range. According to Svenson, the price of the asset will fall to that mark if the Ethereum (ETH) rate drops to $500-700.
Useful material?
Telegram 
Twitter Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Market
The company predicts that the rate of the first cryptocurrency will grow to $200 000 by the end of next year
Nov 11, 2024
Cryptocurrency rates
-
Bitcoin
$99 474
BTC
+2.44%
-
Ethereum
$3 382.42
ETH
+8.16%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.38
XRP
+25.26%
-
Dogecoin
$0.394712
DOGE
+2.62%
-
Cardano
$0.869699
ADA
+11.41%
-
Bitcoin Cash
$495.59
BCH
-5.8%
-
Polkadot
$6.14
DOT
+7.99%
-
Stellar XLM
$0.280788
XLM
+18.38%
-
Litecoin
$90.01
LTC
+0.53%