"Does the investor think this LINK has potential for the future?"
Chainlink (LINK) has finally managed to become one of the altcoins dominating the cryptocurrency market by showing strong and positive momentum while Bitcoin (BTC) has recently witnessed a flat movement.
Through observation, whales are one of the main reasons why the price of LINK soared high after they have flocked to buy the digital asset, so here it should be known that its daily trading volume recorded an increase of 787%.
On July 26 two days ago, LINK broke through $8.10 and the reaction meant that the trading volume of the digital asset jumped more than 100% at $344 million compared to the previous day at $211 million.
So far in 2023, the altcoin recorded the highest transaction volume worth more than $1 million after crypto addresses holding 100,000 to 10 million LINKs were found to be continuously buying the digital asset at a rapid pace.
That streak, there are analysts who are of the view that LINK will continue its move to a new resistance zone at $9 following its recent price break above $7.70.
In terms of blockchain development progress, LINK successfully launched Cross-Chain Interoperability Protocol (CCIP) officially on the mainnet of Avalanche (AVAX), Ethereum (ETH), Optimism (OP) and Polygon (MATIC).
Please be informed that CCIP has been introduced as an open source global standard that aims to implement messaging between decentralized blockchains, data including token movements.
However, the price of LINK has currently made a 1.73% drop back at $7.81 with a market cap of $4 billion.
