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 <p>The LINK price is currently trading 2.75% up at a price of $7.36 and a market cap of $3.9 billion. Despite strong consolidation in the broader crypto market, the LINK price is up by 20% over the last month. During the same period, there’s been a strong accumulation of LINK by the shark and whale addresses.</p>  
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 <p>On-chain data provider Santiment explains that during this summer, <a rel="noopener noreferrer nofollow" title="Chainlink" href="https://thebittimes.com/tag/chainlink.html">Chainlink</a>’s activity on GitHub has significantly increased, causing the asset to become one of the top 5 most actively developed assets.</p>  
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 <p>Moreover, large holders with 100K-10M $LINK, known as whales &amp; sharks, now possess the highest number of coins since December 2022. In just under four weeks, Chainlink’s shark and whale addresses have accumulated more than $192 million worth of LINK coins.</p> 
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  <p lang="en" dir="ltr">🔗🧑‍💻 #<a rel="noopener noreferrer nofollow" title="Chainlink" href="https://thebittimes.com/tag/chainlink.html">Chainlink</a>'s #github development activity has been notably higher this summer, leading to the asset cracking the top 5 most frequent developed assets. Additionally, whales &amp; sharks with 100K-10M $<a rel="noopener noreferrer nofollow" title="LINK" href="https://thebittimes.com/tag/link.html">LINK</a> now hold the most coins since December, 2022. 🐳https://t.co/p1x6LeiRAG pic.twitter.com/wd2tR5p1A1</p>  
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  <p>— Santiment (@santimentfeed) August 7, 2023</p> 
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 <p></p> 
 <h3 id="chainlink-link-price-rally-to-11">Chainlink (LINK) Price Rally to $11</h3> 
 <p>Popular cryptocurrency analyst Michaël van de Poppe recently shared a bullish price prediction for <a rel="noopener noreferrer nofollow" title="Chainlink" href="https://thebittimes.com/tag/chainlink.html">Chainlink</a> on his YouTube channel.</p> 
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       <p>In a recent YouTube video, Van de Poppe mentioned that following a long period of gathering, the cryptocurrency could potentially experience a surge of more than 50% from its present value. <a rel="noopener noreferrer nofollow" title="LINK" href="https://thebittimes.com/tag/link.html">LINK</a> has been trading between $5 and $9.5 for about 450 days, and it’s anticipated to decline and create a bullish higher-low pattern before making a strong rally.</p> 
       <p>The analyst highlighted that the range around $6.75 is essential for bullish positions, and he speculated that the cryptocurrency might then advance toward the $11 threshold.</p> 
       <p>Last month, the decentralized oracle network introduced its Cross-Chain Interoperability Protocol (CCIP) for early access users. This protocol is designed to improve cross-chain applications and services.</p> 
       <p>Now, this protocol is up and running for users on the Avalanche, Ethereum, Optimism, and Polygon blockchains. It was tested by around 25 partners before being launched on the mainnet.</p> 
       <p>This interoperability protocol has played a significant role in Chainlink’s collaboration with SWIFT, the global payment and messaging system mainly used by banks around the world.</p> 
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Chainlink Whale Accumulation Going Strong, LINK Price Target $11

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TheBitTimes

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