Why Chainlink (LINK) Price Is Rising Today?
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 ...