Цхаинлинк'с [ЛИНК] mission to continue as the crypto-ecosystem standard oracle network was met with another development recently. According to its official Twitter page, it was able to integrate four applications on its expanding network over the course of the week.
⬡ ДНЕВНИ ЗАКЉУЧАК ⬡
⛓ Интеграције укључене #БНБЦхаин #Полигон ⛓
• @bountyblok | VRF + CPF | Supporting fair contests, giveaways, and #НФТ иницијативе
• @DeHealth_World | Keepers + CPF | Distributing rewards and displaying accurate fiat values pic.twitter.com/pHdy5TDvs0— Цхаинлинк (@цхаинлинк) Септембар 15, 2022
The hybrid smart contracts blockchain integrated across the Полигон network, and on Бинанце Смарт Цхаин (БСЦ). Of all the applications, the most notable one is DeHealth, which operates on the BSC. The Decentralized Application (DApp) works by securing and monetizing medical data.
Yes, on course
With the integration, it can be argued that Chainlink’s native cryptocurrency may soon head in the right direction. At press time, LINK had планинарење by 2.32% on the charts, with the altcoin trading at $7.90. While investors may have considered this uptick minimal, it was also LINK’s highest price point since 13 September.
However, the development’s impact did not end with LINK’s price. Santiment data показао that the aforementioned updates corresponded with positive on-chain developments. According to the same, active addresses surged from 561 to 1142, as of 16 September.
Despite the reversal to 708 at press time, the BNB-LINK chain was still not at an extremely low level as the addresses were at their highest level since 24 June.
Извор: Сантимент
On the volume front, it was није исто story. Santiment revealed that there was a slight drop from its 24-hour figures.
At the time of writing, LINK’s volume had dropped by 5.31% to $615.11 million. The whale supply percentage in the $5 million region was also, however, barely impacted. The supply seemed to hold its same position since 15 September, with the same constant at 42.
Извор: Сантимент
Where it all ends
For most investors, all of these DApps integrations should end in a price uptick for LINK. Ergo, the question is – Will it?
Looking at the Awesome Oscillator (AO), there was clear positive sentiment. Indications from the AO showed that there was a bullish twin peak on the momentum charts. The Simple Moving Average (SMA) seemed to come to a similar conclusion too.
Source: LINK/USDT, TradingView
In light of its prevailing momentum, LINK investors may be optimistic that a price increase is possible in the short -term. However, wider crypto-market sentiment is something investors may want to watch out for.
Source: https://ambcrypto.com/heres-the-full-scope-impact-of-chainlinks-latest-integration-on-link/