• Chainlink (LINK) has seen a 21% surge in the past 30 days and a 10% increase in the last 7 days, approaching $8.50.
• The successful integration of Synthetix into the CCIP mainnet and other protocols is driving LINK’s recent momentum, opening up various use cases and boosting its utility.
• Chainlink has reached its highest on-chain volume of $350 million this year, indicating a burgeoning adoption of digital currency.
Chainlink (LINK) Defies Crypto Market Slump
Chainlink (LINK) has gained significant attention with a 21% surge in the past 30 days and a 10% increase in the last 7 days, approaching $8.50, displaying relatively stable movements despite the market slump.
Driving Force Behind LINK’s Momentum
The successful integration of Synthetix into the CCIP mainnet and other protocols drives LINK’s recent momentum, opening up various use cases and boosting its utility. Due to its impressive rally, Chainlink (LINK) has gained significant attention in the cryptocurrency industry. Furthermore, the network accomplished a significant feat by reaching its highest on-chain volume of $350 million this year, indicating a burgeoning adoption of digital currency.
Maintaining Momentum And Upside Potential
Over the last seven days, Chainlink has exhibited substantial price gains – rising over 13% from its value a week ago (July 19). LINK’s price on July 19 was $6.5286, hovering near neutral territory with formidable resistance at $6.
Boosting Utility Of LINK Token
The Chainlink Cross-Chain Interoperability Protocol (CCIP) addresses complexities associated with cross-chain solutions and enhances security measures to mitigate risks of potential exploits. This milestone development significantly boosts LINK token utility providing solid foundation for its recent bullish price moves.
Buying And Selling Of LINK Tokens
In addition to these developments driving positive sentiment around chainlinks resilience amidst bearish downturns; users can buy or sell their tokens through numerous exchanges including Binance , Coinbase , Huobi Global , Kraken etc., making it easier for investors to trade or invest quickly using PayPal , credit cards or bank transfers .