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Chainlink (LINK) Defies Crypto Market Correction With 6% Gains

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.”

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.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.