Chainlink [LINK] seemed to turn a deaf ear to the ongoing bear market as it continued to carry out collaborations and integrations. This consistent growth could help renew investors’ faith in LINK which may have faltered as a result of the current bear market. _____________________________________________________________________________________ Here’s AMBCrypto’s Price Prediction for Chainlink for 2022-2023. _____________________________________________________________________________________ On […]
However, despite whales and institutional investor interest, the number of daily active addresses on the network declined. As can be seen in the image below, daily active addresses decreased post 1 October.A decline in Chainlink’s network growth was also observed in the same time frame.
A decline in network growth indicated that new addresses that transferred LINK for the first time witnessed a drop. This also implied that interest from new addresses may be wearing off.One of the reasons for the waning interest in Chainlink could be a decline in Chainlink’s social mentions.
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