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LINK Regains $28.7 as Network Address Activity Soars to 3-Month High

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Sat, 08/21/2021 - 08:56
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Yuri Molchan
Chainlink rebounds to the $28.7 level on the network address activity moving to a 3-months peak
LINK Regains $28.7 as Network Address Activity Soars to 3-Month High
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Chainlink (LINK), the 13th largest cryptocurrency, has been gradually recovering lately, striving to retake its recent two-month high of $30.4.

So far, it has risen to the $28.7 level – hit that on Friday, and is trading at $28.9 at the time of writing, as per the data provided by CoinMarketCap.

According to a tweet published by the analytics data company Santiment recently, the price jump of LINK occurred thanks to a rise in the address activity on the network – it surged to a two-month high.

At the start of the year and its first half, Chainlink was one of the most popular altcoins as it was on the rise, announcing multiple new partnerships and taking new price highs one after another and reaching an all-time high of $52.88 on May 10.

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Since then, however, it has been on decline and is approximately fifty percent down from its historic peak.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.