{"id":255765,"date":"2022-09-06T03:00:25","date_gmt":"2022-09-05T21:30:25","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=255765"},"modified":"2022-09-05T19:04:28","modified_gmt":"2022-09-05T13:34:28","slug":"what-chainlink-link-traders-should-know-before-cutting-losses","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/what-chainlink-link-traders-should-know-before-cutting-losses\/","title":{"rendered":"What Chainlink [LINK] traders should know before cutting losses"},"content":{"rendered":"

Chainlink\u2019s 7-day performance was commendable as it considerably outperformed most of the cryptos with higher market capitalization. The token registered more than 13% weekly gains with no red on its chart. <\/span><\/p>\n

At press time, LINK was trading at $7.18 with a market cap of $3,529,540,526. While LINK continued to grow on its chart, several developments happened in its community. Whales’ interest in LINK has been growing of late. This might have fueled the consistent surge in price.\u00a0<\/span><\/p>\n

Development activity pumped<\/h3>\n

During the last week, Chainlink\u2019s development skyrocketed as there were 11 integrations of three Chainlink services across five different chains, namely, BNB, Ethereum, Phantom, Polygon, and Solana. <\/span><\/p>\n

Such developments in an ecosystem are always a positive signal as they reflect the efforts of the developers to improve a network. Interestingly, LINK\u2019s price corresponded to this.\u00a0<\/span><\/p>\n

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\u2b21 Chainlink Adoption Update \u2b21<\/p>\n

This week, there were 11 integrations of 3 #Chainlink<\/a> services across 5 different chains: #BNBChain<\/a>, #Ethereum<\/a>, #Fantom<\/a>, #Polygon<\/a>, and #Solana<\/a>.<\/p>\n

Chainlink helps secure the #Web3<\/a> ecosystem. pic.twitter.com\/uLU0UhN6Ap<\/a><\/p>\n

— Chainlink (@chainlink) September 4, 2022<\/a><\/p><\/blockquote>\n