Chainlink price has seen a 54% rise in the span of 12 days, enabling a breach of the 17-month-old resistance level.
Rising use cases have resulted in increased revenue, which, combined with Chainlink’s treasury, has imbued bullishness in the investors. This is evident in the total LINK Futures Open Interest, which shot up by 104% in less than two weeks. Chainlink price has emerged as one of the best-performing assets in the past couple of days, which has led its investors to believe a further increase is imminent. Consequently, a sudden shift in tone has been observed in the derivatives market, which makes LINK an important asset going forward.
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Chainlink price has seen a 54% rise in the span of 12 days, enabling a breach of the 17-month-old resistance level.
Rising use cases have resulted in increased revenue, which, combined with Chainlink’s treasury, has imbued bullishness in the investors.
This is evident in the total LINK Futures Open Interest, which shot up by 104% in less than two weeks.
Chainlink price has emerged as one of the best-performing assets in the past couple of days, which has led its investors to believe a further increase is imminent. Consequently, a sudden shift in tone has been observed in the derivatives market, which makes LINK an important asset going forward.
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