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The LINK price is currently trading 2.75% up at a price of $7.36 and a market cap of $3.9 billion. Despite strong consolidation in the broader crypto market, the LINK price is up by 20% over the last month. During the same period, there’s been a strong accumulation of LINK by the shark and whale addresses. advertisement On-chain data provider Santiment explains that during this summer, Chainlink ’s activity on GitHub has significantly increased, causing the asset to become one of the top 5 most actively developed assets. Moreover, large holders with 100K-10M $LINK, known as whales & sharks, now possess the highest number of coins since December 2022. In just under four weeks, Chainlink’s shark and whale addresses have accumulated more than $192 million worth of LINK coins. 🔗🧑‍💻 # Chainlink 's #github development activity has been notably higher this summer, leading to the asset cracking the top 5 most fre...

advertisement The bulls have a good chance of success, according to technical Analysis , since demand and accumulations have stayed strong and signal greater buying power. Additionally, within the past 24 hours, trading volume increased by 150% .  Why The Increase In Price? Following news that the Cross-Chain Interoperability Protocol (CCIP) has entered the Mainnet Early Access phase, the price of Chainlink ’s native cryptocurrency, LINK, sharply increased.  According to Chainlink , a well-known provider of Web3 services, CCIP is now active on the Ethereum, Optimism, Polygon, and Avalanche blockchains. CCIP has already been implemented into well-known DeFi protocols like Synthetix and Aave to provide cross-chain smart contracts. Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read ...