The network growth is relatively low as not many new users have adopted Chainlink.Those coins circulating at least once in the last three years are at a loss of nearly 31.11%.Top holders have moved off nearly 52.5% of their holdings.Average stakeholders may be continually accumulating LINKs.Investment ThesisThough the Chainlink (LINK-USD) project has been finely developed by its core team, it has not been massively adopted by the crypto community during this bear market. In the meantime, some top holders may be distributing their holdings while the network value is relatively low. This may cause the short-term volatility in the trading price of LINK.How The Chainlink Network Has DevelopedOne of the fundamental aspects of cryptocurrency projects is the development process as it shows how the developer team and its community engage in the project. Looking at the metric of ChainLink development activity, it measures the pure contribution to the project conducted by the developer community. It only counts the real update that itself affected the project building on github and excludes all development-unrelated substances. This metric suggests that the core team has continually enhanced the project in spite of the recent bear market. Development activity has been heightened over time as the core team keeps engaged in Chainlink. (Santiment)Besides, the metric of Dev contributors count, which is the sum of total events and activity ...
Is WazirX About to Make a Comeback?
Is XRP Set To Rally? Traders Eyes on $2.60
