- Surpassing projects such as Cardano and Optimism, Chainlink shows consistent effort and dedication to its oracle technology.
- Santiment’s methodology for counting events highlights significant contributions, reinforcing Chainlink’s credibility and effort.
According to analytics firm Santiment, Chainlink ranks at the top with an average of 451.23 featured events on GitHub in the last 30 days, outperforming well-known platforms such as Cardano (ADA) and innovative projects such as Status (SNT) and Ethereum’s scalability solution, Optimism (OP).
This intense level of activity reflects the constant effort and dedication of the team behind Chainlink towards its oracle technology, signaling a firm belief in the future success and sustainability of the project.
Santiment emphasizes that its event counting method excludes minor updates, concentrating on the most significant contributions, underscoring the importance of these findings.
Technical Analysis Reveals Chainlink’s Progress Against Bitcoin
Chainlink, has recently overcome significant resistance in its price comparison with Bitcoin. Detailed analysis indicates that Chainlink has managed to break above the 20-period simple moving average (SMA) on the daily LINK/BTC chart, an important event that traders closely monitor for changes in trends and to establish critical support and resistance levels.
This advance is reinforced by the fact that Chainlink has regained the January low of 2,858 satoshis, fueling an optimistic view of its performance in the near future.
The convergence of these indicators suggests that Chainlink has not only overcome its resistance against Bitcoin but is also positioned for outperformance in the future.
Despite a 1.31% decline in its value over the past 24 hours, with a current price of $18.31, Chainlink’s dynamic development underscores its relevance in the market, ranking fifteenth by market capitalization.
