Chainlink (LINK) did not show any exciting price development despite facing major network improvements.
Not sure why but based on observations, it can be concluded Chainlink has changed from a short -term focus to a long -term focus.
For information, Chainlink is primarily utilized by GameFi applications that mine or gift non-fungible tokens (NFT), and use price feeds to determine their prices reasonably.
Examples of GameFi that implements Chainlink pricing feeds include: Money Tree, Dreams Quest, Pocoland, TreasureKey, and more. However, such integration did not please investors.
Not only that, it's been more than a month since the LINK price failed to break through to $ 28.
Chainlink looks at this from a serious angle, starting with the big issue of miner extractable value (MEV), focusing on security, privacy, and finance from the aspect of a decentralized system.
Studies on cross-chain bridges of sponsored MEVs have played an important role in assisting the development of the Cross-Chain Interoperability Protocol (CCIP).
Indirectly, it will be the open source standard for cross-chain communication, supporting general messaging, and token transfer across blockchain networks.
At the time of writing, LINK is trading at $ 26.12, up 0.53% in 24 hours.
Sales activity is slowing and investors, even whales seen HODL for more than a week, aren’t making any exciting moves.
The largest transaction recorded for more than $ 100,000 is now at its lowest level throughout the year, with an average value below $ 200 million.
