- LINK is on a two-day upward trend.
- It is still in a positive trend, despite some brief falls.
The new data suggests that Chainlink [LINK] In terms of the development activity, a leading network has emerged in the Real World Assets category. The price of the network is increasing, but its number active addresses are decreasing.
Chainlink Leads in Development Activity
The data collected from Santiment, Chainlink Real World Assets, or RWAs, are the most active in terms of development.
In the chart, LINK scored 452 for development activities over the past 30 days. LINK is the dominant network, with its second-placed network scoring only 35.
Chainlink has been developing Santiment since January, according to an analysis of its development activities.
It was not long before the activity began to rise again. The development activity since then has been on the rise. It hasn’t returned to previous lows.
Chainlink has been developing around 74.5 projects as of the date this article was written.
Active addresses decline
Analyzing other metrics in the on-chain showed that these were not as active as development. The network’s number of active address has decreased slightly.
Santiment’s 30-day chart of active addresses showed a small decline between 31st may and the present.
The following are some of the reasons why you should consider hiring someone elseAs of 31st may, the total number was 63300. The number of active addresses has dropped to 62100 as I write this.
In the last few months, there were times when the number of addresses was over 70,000.
LINKS’ uptrend isn’t enough
The date of the writing is: Chainlink The price was around $17.8, a rise of less than 1 percent. It was the second uptrend in a row after the price rose to $17.7 on the 4th of June with an increase less than 1%.
Chainlink’s recent declines in price have been a significant factor.
Chainlink’s moving average was trending lower than its long moving (blue) line, indicating an unfavorable price trend.
Here’s a list of realistic and not-so-realistic images. LINK market cap in BTC’s The following terms are used to describe the term
In spite of this, both moving averages are above the current prices.
LINK’s Relative strength index (RSI), which is above 56 as of the date of writing, also shows that it is in a positive trend.
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Source: ambcrypto.com