Chainlink (LINK), a dominant oracle service provider for advanced blockchain systems, has seen a notable rise in the past 24 hours. It also managed to be the best performing altcoin among the top 25 cryptocurrencies by market cap.
Rapidly accelerating, LINK recorded 20.10% growth in the past 24 hours. It is currently trading at $8.24 on a weekly basis, with an obvious 27% growth. Chainlink’s continued rise is accompanied by generally positive growth metrics, including 24-hour trading volume rising by over 1129%.
Chainlink is attracting more and more attention thanks to its important features and useful services to the blockchain ecosystem. The key factor behind Chainlink’s success is its effort to continually expand its ecosystem. The protocol continues to strategically expand its ecosystem, notably through the Chainlink BUILD program. This helps strengthen the ecosystem and discover new uses, while increasing the value and attractiveness of LINK.
As a result of this attraction, it should be noted that there is an ongoing accumulation of LINK among whales. According to on-chain data, the two whales have notably doubled their altcoin purchases over the past few hours, adding a total of 227,281 LINK tokens worth about $1.82 million to their wallets.
You can follow the current price action here.