November 7, 2023
The number of large Chainlink (LINK) wallets has reached a new all-time high, according to the latest data from a leading crypto analytics firm. This surge in wallets holding at least 1,000 LINK comes as the price of the project's native asset rallies to a fresh 19-month high.
Chainlink, a decentralized oracle provider, has seen its native asset, LINK, clear the $13.00 price level for the first time since April 2022. At the time of writing, LINK is trading at $13.07. The 13th-ranked crypto asset by market cap has experienced a nearly 8% increase in the past 24 hours and over 72% in the past month.
Pseudonymous crypto analyst The Flow Horse believes that LINK is just beginning its uptrend. Despite concerns about buying LINK at its current price, The Flow Horse predicts that the price between $11.00 and $8.50 will seem insignificant in the future as the crypto market continues to grow.
In addition to the surge in LINK wallets, wallets holding between 100,000 and 1 billion XRP now hold their highest level of the asset this year. XRP is currently trading at $0.71, experiencing a nearly 9% increase in the past 24 hours.
The number of large Chainlink and XRP wallets reaching all-time highs indicates growing interest and investment in these cryptocurrencies. As the prices of LINK and XRP continue to surge, investors are optimistic about the future potential of these assets. It is important for investors to conduct their own research and exercise caution when making high-risk investments in cryptocurrencies.
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