Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Partially completed Wave 5 says there is still room to run

2025-05-10

Best crypto to buy now as UFC legend Conor McGregor calls for a Bitcoin strategic reserve in Ireland

2025-05-10

Trump Blackballs Lobby firm about controversy related to his ‘Crypto Strategic Reserve’ Truth Social Post: Report: Report

2025-05-10
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Nexera and Pinkchain unite to Tokenize € 1.1 billion real estate pipeline with Shariah-compliant products

    2025-05-10

    Mint Blockchain integrates Chainlink CCIP to feed cross-chain connectivity

    2025-05-10

    ‘Nasdaq on Solana’ vision sees progress with opening bell launch

    2025-05-10

    Nexus launches an AI lab for safe and verifiable artificial inteligence

    2025-05-10

    Renta Network works together with thoughts to introduce AI-driven discovery into the Real-World Assets

    2025-05-10
  • NFT

    Drink-to-earn? A new sparkling water comes with an NFT and points

    2025-05-08

    Cobie says we will return if someone buys this $ 20 million NFT

    2025-05-08

    Edge Matrix, Colabs Partner to strengthen NFT -Makers

    2025-05-08

    Argentinian football club Partners with StepN to launch digital sneakers

    2025-05-05

    Pudgy Penguins #6873 Leads with Top NFT -sale worth $ 360.2k

    2025-05-04
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Partially completed Wave 5 says there is still room to run

    2025-05-10

    Wells Fargo increases the price target for a company of billion dollars, the shares of the company’s prognoses will increase by 52%: report

    2025-05-10

    Ethereum – Price explodes beyond $ 2,200 with a 25% increase – Momentum builds up quickly

    2025-05-10

    Arthur Hayes says that the crypto-bullmarkt is ready to continue, Bitcoin Path sketches to seven-digit price

    2025-05-10

    Chainlink keeps strong at $ 15.29 support – is a new breakout on your hands?

    2025-05-10
  • Learn

    What Is Proof-of-Authority (PoA)?

    2025-05-10

    What Is Proof-of-Stake (PoS)? A Beginner’s Guide

    2025-05-09

    What Is a Layer-1 (L1) Blockchain?

    2025-05-03

    What is a Layer-2 (L2) Blockchain Network Solution?

    2025-05-02

    What Is a Layer-0 Protocol?

    2025-05-02
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Altcoins»As Chainlink explodes onto the charts, here’s what LINK investors are planning
Altcoins

As Chainlink explodes onto the charts, here’s what LINK investors are planning

2023-11-11No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Journalist

Posted: November 11, 2023


  • LINK demand soars to new highs.
  • The price increase has led to a strong increase in profit-taking activities.

Chain link [LINK] has seen a significant increase in the number of active addresses over the past month, up more than 220%, noted on-chain data provider IntoTheBlock in a recent post on X (formerly Twitter).

$LINK is one of the biggest winners in terms of active addresses in the past month, with an increase of over 220%!
🔗https://t.co/3nznGS2KGa pic.twitter.com/AFqIP9Xifp

— IntoTheBlock (@intotheblock) November 10, 2023

Likewise, new demand for this asset has increased by 211% over the same period.

According to data obtained from SantimentOn November 9, LINK saw the creation of 3,044 new addresses, the highest daily number since July.

The growth in LINK’s network activity over the past month is due to the overall rally in the market. Taking advantage of this, LINK’s price has risen 108% in the last 30 days.

At the time of writing, the altcoin was trading at $15.04, its highest price level since April 14, according to data from CoinMarketCap.

LINK holders are mainly interested in taking profits

With alt trading at a multi-month high, LINK holders have increasingly sent their tokens to crypto exchanges for further sale. A review of the alt’s exchange activity revealed a steady inflow of LINK tokens onto exchanges since the rally began.

LINK’s currency inflows, observed on a 30-day moving average basis, have grown 17%, according to Santiment data.

This has increased the token’s supply on exchanges by 0.1%, resulting in a corresponding 0.02% decline in off-exchange supply over the same period.

Source: Santiment

Token holders have been incentivized to distribute their holdings due to the profitable LINK trades since the rally began. Data from Santiment shows that the daily ratio of LINK transaction volume to profit/loss at the time of writing was 2.1 (30-day MA).

See also  Bitcoin Bulls Are Taking The Place, But Here's Why Dips Are Still Attractive

Read Chainlink’s [LINK] Price forecast 2023-24


It showed that for every LINK trade that made a loss last month, 2.1 trades ended in a profit.

Likewise, LINK’s current market value, with a market value to realized value ratio (MVRV) of 76.29% at the time of writing, was higher than the average price at which it was last purchased. Therefore, most holders could expect a minimum return of 76.29% on their initial investments.

Source: Santiment



Source link

Chainlink charts explodes Heres investors LINK Planning
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Best crypto to buy now as UFC legend Conor McGregor calls for a Bitcoin strategic reserve in Ireland

2025-05-10

Artificial Superintelligence Alliance breaks its downward trend: Can Fet be passing by $ 1?

2025-05-10

Mint Blockchain integrates Chainlink CCIP to feed cross-chain connectivity

2025-05-10

Ethereum – Price explodes beyond $ 2,200 with a 25% increase – Momentum builds up quickly

2025-05-10
Add A Comment

Comments are closed.

Top Posts

Trader Predicts ‘Aggressive’ Upward Rally for Bitcoin, Reveals ‘Realistic’ Bull Market Price Target for BTC

2024-12-29

96% of NFT collections are considered ‘dead’

2024-09-21

Unexpected Explosive Bitcoin Rally in the Cards as BTC Leverages Hot Inflation Data: Glassnode Founders

2023-09-17
Editors Picks

SEC Potential Appeal to Yield Little Impact on XRP, Says Crypto Lawyer

2023-07-23

Promoting Innovation on Bitcoin Blockchain

2023-06-10

Bitcoin’s $178,000 Target in Sight? Analyst Highlights January 2024 Rally

2024-12-22

Silvergate will file a shutdown plan in the coming days following the Federal Reserve’s order

2023-06-01
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Partially completed Wave 5 says there is still room to run

Best crypto to buy now as UFC legend Conor McGregor calls for a Bitcoin strategic reserve in Ireland

Trump Blackballs Lobby firm about controversy related to his ‘Crypto Strategic Reserve’ Truth Social Post: Report: Report

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$103,299.980.18%
  • ethereumEthereum(ETH)$2,484.546.10%
  • tetherTether USDt(USDT)$1.000.02%
  • rippleXRP(XRP)$2.443.47%
  • binancecoinBNB(BNB)$654.742.96%
  • solanaSolana(SOL)$172.160.24%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.23359514.04%
  • cardanoCardano(ADA)$0.824.48%
  • tronTRON(TRX)$0.260748-0.60%
  • suiSui(SUI)$4.002.50%
  • chainlinkChainlink(LINK)$16.794.54%
  • avalanche-2Avalanche(AVAX)$24.525.43%
  • stellarStellar(XLM)$0.3086394.04%
  • shiba-inuShiba Inu(SHIB)$0.0000166.17%
  • hedera-hashgraphHedera(HBAR)$0.2132846.42%
  • the-open-networkToncoin(TON)$3.393.10%
  • hyperliquidHyperliquid(HYPE)$25.120.86%
  • bitcoin-cashBitcoin Cash(BCH)$421.273.05%
  • polkadotPolkadot(DOT)$5.085.73%
  • unus-sed-leoUNUS SED LEO(LEO)$8.62-1.51%
  • litecoinLitecoin(LTC)$103.303.88%
  • moneroMonero(XMR)$323.004.41%
  • bitget-tokenBitget Token(BGB)$4.848.02%
  • pepePepe(PEPE)$0.0000138.20%
  • daiDai(DAI)$1.00-0.02%
  • piPi(PI)$0.741.32%
  • ethena-usdeEthena USDe(USDE)$1.000.01%
  • uniswapUniswap(UNI)$6.888.45%
  • bittensorBittensor(TAO)$448.594.74%
  • nearNEAR Protocol(NEAR)$3.034.19%
  • aptosAptos(APT)$5.773.94%
  • aaveAave(AAVE)$225.147.20%
  • ondo-financeOndo(ONDO)$1.052.84%
  • okbOKB(OKB)$54.671.97%
  • ethereum-classicEthereum Classic(ETC)$19.843.55%
  • internet-computerInternet Computer(ICP)$5.511.72%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.26-3.12%
  • kaspaKaspa(KAS)$0.1070793.26%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2630763.84%
  • gatechain-tokenGateToken(GT)$22.211.62%
  • render-tokenRender(RENDER)$5.215.15%
  • crypto-com-chainCronos(CRO)$0.100942-0.55%
  • vechainVeChain(VET)$0.0309884.31%
  • mantleMantle(MNT)$0.771.02%
  • ethenaEthena(ENA)$0.3880865.25%
  • usd1World Liberty Financial USD(USD1)$1.00-0.11%
  • algorandAlgorand(ALGO)$0.2421833.29%
  • filecoinFilecoin(FIL)$3.112.50%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.862.58%
  • bitcoinBitcoin(BTC)$103,299.980.18%
  • ethereumEthereum(ETH)$2,484.546.10%
  • tetherTether USDt(USDT)$1.000.02%
  • rippleXRP(XRP)$2.443.47%
  • binancecoinBNB(BNB)$654.742.96%
  • solanaSolana(SOL)$172.160.24%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.23359514.04%
  • cardanoCardano(ADA)$0.824.48%
  • tronTRON(TRX)$0.260748-0.60%
  • suiSui(SUI)$4.002.50%
  • chainlinkChainlink(LINK)$16.794.54%
  • avalanche-2Avalanche(AVAX)$24.525.43%
  • stellarStellar(XLM)$0.3086394.04%
  • shiba-inuShiba Inu(SHIB)$0.0000166.17%
  • hedera-hashgraphHedera(HBAR)$0.2132846.42%
  • the-open-networkToncoin(TON)$3.393.10%
  • hyperliquidHyperliquid(HYPE)$25.120.86%
  • bitcoin-cashBitcoin Cash(BCH)$421.273.05%
  • polkadotPolkadot(DOT)$5.085.73%
  • unus-sed-leoUNUS SED LEO(LEO)$8.62-1.51%
  • litecoinLitecoin(LTC)$103.303.88%
  • moneroMonero(XMR)$323.004.41%
  • bitget-tokenBitget Token(BGB)$4.848.02%
  • pepePepe(PEPE)$0.0000138.20%
  • daiDai(DAI)$1.00-0.02%
  • piPi(PI)$0.741.32%
  • ethena-usdeEthena USDe(USDE)$1.000.01%
  • uniswapUniswap(UNI)$6.888.45%
  • bittensorBittensor(TAO)$448.594.74%
  • nearNEAR Protocol(NEAR)$3.034.19%
  • aptosAptos(APT)$5.773.94%
  • aaveAave(AAVE)$225.147.20%
  • ondo-financeOndo(ONDO)$1.052.84%
  • okbOKB(OKB)$54.671.97%
  • ethereum-classicEthereum Classic(ETC)$19.843.55%
  • internet-computerInternet Computer(ICP)$5.511.72%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.26-3.12%
  • kaspaKaspa(KAS)$0.1070793.26%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2630763.84%
  • gatechain-tokenGateToken(GT)$22.211.62%
  • render-tokenRender(RENDER)$5.215.15%
  • crypto-com-chainCronos(CRO)$0.100942-0.55%
  • vechainVeChain(VET)$0.0309884.31%
  • mantleMantle(MNT)$0.771.02%
  • ethenaEthena(ENA)$0.3880865.25%
  • usd1World Liberty Financial USD(USD1)$1.00-0.11%
  • algorandAlgorand(ALGO)$0.2421833.29%
  • filecoinFilecoin(FIL)$3.112.50%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.862.58%