Chainlink (LINK) Price Shoots 15% After DTCC Partnership, Will the Rally Continue?

Chainlink (LINK) Price Shoots 15% After DTCC Partnership, Will the Rally Continue?

Oracle service provider Chainlink (LINK) has seen a strong surge after the news of its partnership with DTCC. The Chainlink (LINK) price has surged by a staggering 15% in the last 24 hours, currently trading at $16.09 with a market cap of $9.44 billion. Also, the daily trading volume for LINK has shot up significantly by 200% moving all the way past $1 billion.
Strong Whale Activity Boosts Chainlink Price
On-chain data provider Santiment reported that the recent Chainlink price rally comes on the backdrop of strong LINK whale activity, setting it apart from the broader cryptocurrency market.
The number of Chainlink whales—addresses holding 100,000 LINK or more—has risen to 564, marking a 4.6% increase in just five weeks. Santiment notes that if social dominance remains steady and FOMO (Fear of Missing Out) does not dominate, bullish conditions could be on the horizon for Chainlink.
Courtesy: Santiment
Partnership With DTCC
In a major announcement, blockchain oracle Chainlink joined

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