Will Chainlink Milestones in 2022 Be Reflected in LINK Price?

blockchain Oracle the provider chain link It has been a bumper year in terms of milestones and achievements. However, this has not yet been reflected Contact Prices, is a big move coming soon?

The industry oracle network Chainlink has been keeping busy in 2022 despite the overall crypto market depression. Bear markets are the time to build, and the team at Chainlink is certainly doing just that.

The team highlighted some of its accomplishments and expansions in its “Year Behind the Chain” report over the weekend.

chain link Devvani and has seen strong demand on price feeds layer 2 platform such as Mediation, It is the current market leader with a 54.3% share and a net worth of $2.3 billion.

also expanded chainlink avalanche, which has seen tremendous momentum post integration. Furthermore, it added that the network is also attracting a vibrant community. bnb chain,

Additionally, Chainlink node Operators and data providers navigated Ethereum Merge without any problem.

Other milestones in the integration include Phantom, Gnosis Chain, Harmony and Metis. Chainlink also saw integration with Moonbeam ParaChain which joined SCALE to accelerate the development of the ecosystem. moonbeam is polkadot and ethereum virtual machine The network provides cross-chain compatibility between the two.

SCALE is Chainlink’s L1 and L2 sustainable access initiative that was launched in September as part of its Economics 2.0 initiative.

The team also discussed integration with Polygon, Optimism, and solanaProving that it has become the industry standard for price prediction.

Additionally, according to community members, the network now has 1,994 integrations, 1,650 more than its nearest competitor.

In addition, network Launched Link Staking This month that has added momentum but not necessarily the price.

link price outlook

However, the positive achievements in 2022 have not been reflected in LINK price. The coin is currently trading flat just below $6. It has shown very little movement since the fall at the current price on 17th December.

LINK/USD Price 1 Month Chart by BeInCrypto
LINK/USD 1 month – BeInCrypto

Furthermore, LINK has recorded a 10% drop in the past fortnight and is down 88.6% from its May 2021 peak of $52.70.

Given the network’s solid fundamentals and real-world usage, the link is likely to recover quickly.

Eight Global CEO and founder Michael van de Poppe is confident that the price for Oracle Token will rise soon. He added that DEX adoption will be bullish for Chainlink due to the demand for a decentralized price feed.

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