The Chainlink bulls are working around the clock to ensure that the short-term support at $10 is defended at all costs. The struggle to protect this support comes after LINK was rejected at $13. At the moment, the decentralized oracle live price feed token has a value of $10.4. anchor at $10 must remain intact for Chainlink to avert losses as far as $7.
Chainlink fundamentals suggest consistent network growth
According to Santiment, a renowned platform for on-chain data, development activity within the Chainlink network has been rising since mid-October. The growth pattern is validated by the bar chart below. In general terms, an increase in development activity points towards the asset's sustainability and longevity. In other words, it means that investors can hold such an asset for the long term.
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Chainlink development activity chart
Chainlink adds 29 integrations in October
Chainlink has focused from the beginning on providing the most secure decentralized oracle price feeds and on-chain data for other smart contract projects in the industry. Therefore, collaborations and integrations are two of the strategic techniques the project uses to ensure continuity and relevance.
In October, Chainlink achieved at least 29 integrations. The network has 315 LINK integrations that include 74 blockchains, 98 decentralized finance (DeFi), 23 data providers and 44 nodes. In conjunction with the earlier mentioned development activity, Chainlink seems better positioned for a bright future.
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