3 reasons why the price of Chainlink (link) has just increased
3 reasons why the price of Chainlink (link) has just increased
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The Chainlink crypto price rose to the highest level.
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whales started after the introduction of CCIP.
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The open interest in the appointment market rose to highs in 2021.
chain member The price fluctuated parabolically on Thursday when investors cheered the recent product notes and whales. The link token rose to a maximum of $ 8.20, the highest level since April 20 of this year. It rose by more than 65 % of the lowest level in June.
buy link whales
The Chainlink Prize increases for two main reasons. First, the developers presented plans for the introduction of a new cross-chain Interoperable Protocol (CCIP), as I wrote here . This is an important progress in the network that wants to integrate traditional financial companies into the blockchain.
CCIP wird den Anwendungsbereich von Chainlink erweitern, indem es Unternehmen wie Banken und Versicherungsunternehmen den Beitritt zur Blockchain ermöglicht. The announcement was made for a month after Chainlink announced that there was an attempt to connect banks to the blockchain through its partnership with Swift.
Secondly, there are signs that whales have started to buy the coin. Data show that two whales have acquired 788,877 link tokens this week. They bought these tokens by exchanging their Steth and ETH tokens against Link. Historically, accumulation through whales is usually one of the best purchase signals on the market.
The open interest in Chainlink is
Meanwhile, data from Coinglass show that the open interest in the appointment market has increased to the highest level since November. Open Interest is an important key figure on the appointment market, which indicates the number of concepts held by market participants. A higher value is usually a bullish sign.
The open interest of Chainlink has increased to over $ 267 million, with most of them come from Binance. The other leading stock exchanges include Bybit, OKX and Bitget.
How to buy chainlink
etoro
etoro is a multi-asset investment platform with more than 2000 assets, including stocks, ETFs, indices, raw materials and cryptoassets. Etoro offers over 60 crypto-assets to invest or invest in its crypto portfolio, whereby investors can benefit from the cumulative growth of Bitcoin, Ethereum, XRP, Litecoin and other leading cryptocurrencies. Etoro users can connect to other users, learn and copy them from them or be copied by others.
still buy link from Etoro
BISTAMP
The oldest crypto exchange in the world. Bitstamp has been offering a safe and reliable trading center since 2011 over four million private individuals and a number of institutional partners
still buy link with Bitstamp
todaySource: Coinlist.me
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