Chainlink $21.59The price of (LINK) has stopped its rise since the $ 24.74 summit on August 13, and then exhibited a withdrawal of up to 11 percent. Altcoin’s price movement, which is currently traded at $ 22.29, does not escape the attention of major investors. According to over -chain data, it is stated that high -wealthy addresses see the latest price drop as an opportunity and have a tendency to accumulate link.
Recording volume of recently in LINK whales
The chain analysis revealed that the number of LINK transfers over $ 100 thousand has recently reached the peak of seven months. A total of 992 large processes were detected on Thursday, August 14th. The movement of large investors in this way carried the price up to $ 24.31, and then a slight decline was experienced.
Currently, 232 whale transactions with a value of over 100 thousand dollars reportedly recorded. Although there is a fluctuation throughout the market, the interest of the big wallet owners continues.
“Chainlink rose by almost 40 percent with whale activity in the last week. While the highest whale processes of seven months are reached, the long -term profits in the markets are remarkable. The active address mobility that has not been seen for eight months in chain data is observed.” – Cryptosrus
Increase in activity and Network Participation
According to centimeter data, the number of daily active Chainlink addresses has also experienced a significant increase. When the seven -day moving average was evaluated, the number of these addresses increased by 55 percent since the beginning of August.
This increase; not only major investors, but also the general investor base of the LINK’s interest in the increase. Despite recent market volatility, it is observed that the demand for this subcoine has risen within the community.
The analyzes argue that the rise in the chain activity gives a clue that the price of LINK may rise further if the support level is preserved.
Expectations in the Future Link Price
In the event of an increase in the number of active addresses and the demand for large investor, the level of $ 22.21 may come to the forefront as a strong support. According to experts, if this support level is maintained, the price of LINK may rise to $ 25.55.
On the other hand, if the support floor of $ 22.21 is broken, the price may decrease to $ 19,51. It is emphasized that the direction of the market will be shaped by both over -chain data and general investor tendencies.
Orum I consider LINK as one of the tokens that should be followed right now. Recently, both the whale mobility and the number of users on the network, I see potential in price movements. ” – George, Cryptosrus
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
