- Chainlink’s discussion dominance on social media has reached its highest point of 2024, despite a decline in total holders.
- The number of active LINK addresses has surged, indicating growing investor interest and potential accumulation.
- Founder will deliver a solo keynote speech and exhibit at SIBOS 2024, showcasing the company’s leadership in the blockchain and financial technology industries.
Chainlink’s token staged a strong comeback in the digital asset market. Amidst a sharp price drop and in the total number of holders, the asset continues to remain the talk of the town across social media platforms. Data from market aggregator, Santiment, showed that the discussions surrounding the token have reached their highest point in 2024. This trend, coupled with the recent increase in active LINK addresses, suggests a potential bullish outlook for the token.
Since its peak on August 18, the price of LINK has struggled to maintain its momentum dropping by down 18%. Despite that, the growing engagement on social media platforms indicates a sustained interest in the project. Additionally, the surge in active addresses, particularly during a period when other assets were being withdrawn from exchanges, is a positive sign. It suggests that investors are accumulating the altcoin, potentially anticipating a future price appreciation.
The recent market fluctuations and the capitulation of some small holders have not deterred LINK holders. Instead, it seems to have triggered a buying frenzy, leading to an increase in active addresses. This behavior suggests a strong belief in the long-term potential of the token and its ability to withstand market volatility.
Chainlink Takes Center Stage at SIBOS 2024
Having said that, the leading platform known for its price feeds and cross-chain interoperability has secured a prominent position at the upcoming SIBOS 2024 conference. The company’s founder, Sergey Nazarov, is set to deliver a solo keynote speech, highlighting Chainlink’s significant contributions to the blockchain and financial technology industries.
Furthermore, Chainlink is the only Web3 company selected to have an exhibit at SIBOS 2024. This exclusive presence showcases its growing influence and recognition within the traditional financial sector. The exhibit will offer attendees the opportunity to learn more about Chainlink’s products and services, including its role in enabling secure and efficient blockchain applications. At the time of writing this post, LINK’s price stood at $10.76, rising by 4% in the daily index.
