- Pop Social is coming on board the Chainlink (LINK) BUILD program.
- With the recent uptick, the price is up 40.71% in the last 7 days at the time of writing.
Recently there has been a significant uptick in the price of Chainlink (LINK), one of the prominent decentralised oracle networks. The price of Chainlink (LINK) has risen dramatically in the previous week, surprising both investors and traders.
With the recent uptick, it is up 40.71% in the last 7 days at the time of writing, trading at $10.39 as per data from CoinMarketCap. Thus, marking a bold entry into the top 10 weekly gainers.
Recent Advancements
A number of positive variables came together to drive the price of Chainlink upward. This weekend has been incredible for Chainlink, with Santiment reporting 3-month highs in whale transactions, unique interaction addresses, and trading volume.
The largest whales in the market amassed roughly $40 million in LINK tokens in a single week. Simultaneously, Chainlink revealed integrations with seven different blockchain networks. Chainlink’s position as the cryptocurrency industry’s de facto oracle has been bolstered by its increasing interoperability with other chains.
Moreover, Pop Social is coming on board the Chainlink (LINK) BUILD program. The partnership will allow it to use Oracle’s services and get technical assistance from the network. The platform creates a link between Web3 shared social experiences and conventional social media. Also, it drives the creative economy and democratizes content ownership.
Pop Social’s interest in the strongest possible security and the most stable possible platform led them to decide to work with Chainlink BUILD. The platform, for its part, has agreed to gradually distribute three percent of its native token cache to Chainlink service facilitators, such as stakeholders.
Furthermore, the crypto sphere is buzzing about the forthcoming release of Chainlink Staking v0.2. This update will likely offer some ground-breaking improvements that will make staking more adaptable and user-friendly. Analysts are optimistic about the future price of Chainlink amid several recent advancements.
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