Price of LINK Throughout the Week Following Integrations
2022.07.19 18:26
- Chainlink (LINK) recently informed its users of a series of integrations.
- LINK’s movements reveal a slight uptick in price.
- LINK is now trading at its July 2020 level and is still 87% away from its all-time high of $52.88.
Chainlink (LINK), the widely used oracle network, recently informed its users of a series of integrations. Chainlink noted 16 integrations of four of its services across seven different chains. These included Avalanche, BNB, Chain, Ethereum Rinkeby testnet, Fantom, Optimism, and Polygon.
When looking at LINK’s performance over the last week, the day closed on mostly green candles, and a review of LINK’s movements reveals a slight uptick in price. Between July 11 and 17, the LINK price increased by about 5%. The market cap also saw a 4% increase over the same period.
ChainLink / TetherUS 1D (Source: CoinMarketCap)
At the time of writing, LINK was worth $6.88 after a 2.36% increase in price over the last 24 hours, according to data from CoinMarketCap. The altcoin’s 24-hour trading volume is also up about 91.74% to stand at $743,247,227.
This means that LINK is now basically trading at its July 2020 level and is still 87% away from its all-time high of $52.88.
LINK also saw a decline in some metrics between July 11 and 17. In terms of social volume, LINK saw an 83% decline. Its social dominance also fell by 65%.
LINK’s transaction volume and daily active addresses fell by 28% and 2%, respectively. On the other hand, there was an increase in the number of addresses registered on the network. The index for new addresses on Chainlink’s network grew by 11% as well.
The development activity saw an uptrend following the news of the 16 integrations on four of Chainlink’s services.
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