Chainlink continues seeing some gains despite The entire crypto market seeing slight corrections. Notably, this is coming after hitting record-high valuations of $2.68 trillion this week. Currently, Chainlink (LINK) is still maintaining an upward trend, gaining more than 6% today.
Furthermore, LINK is trading at around 6.17% increase at around $29.86. Also, with a market cap of $13.3 billion. More so, The recent price rally follows after massive whale accumulation for the LINK.
The on-chain data provider Santiment reports,
“Chainlink has opened Friday by going on a price surge…”
“Millionaire addresses holding 100k to 10m $LINK own about 1/4th of the total supply now,..”
“the largest amount held in their history. The 16th market cap…”
“ranked asset was last over $30 five weeks ago.”
Chainlink Tapped for Election Data By Associated Press
Notably, One of the oldest news agency the Associated Press (AP) is tapping into the LINK blockchain. More so, this is majorly for gathering economic, sports, and elections data. But. in a decentralized manner.
Also, A major challenge with journalism today is the reliable sourcing of data.
Furthermore, The Chainlink oracles offers the best way to transfer data from off-chain to on-chain. Which is in a transparent and decentralized manner.
Additionally, Associated Press will be running a LINK node which will upload a remarkable set of data.
According to Dwayne Desaulniers, AP director of blockchain and data licensing,
“Chainlink technology is the ideal way to provide smart contract developers…”
“anywhere in the world with direct, on-demand access to AP’s trusted economic,..”
“sports, and race call data. Working with Chainlink allows this information…”
“to be compatible with any blockchain. The open-source software is reliable,…”
“secure, and widely used across leading blockchain networks.”
Lastly, This recent development is a huge bonus for the Chainlink ecosystem, it will encourage more players to join.