The price of Chainlink’s LINK token has increased 480% since the beginning of 2020/ These three key metrics may explain its rise.
Chainlink has been in the news a lot over the past several months with a number of partnerships and integrations. However, whenever a cryptocurrency or a token experiences rapid appreciation, the crypto community begins to speculate about the underlying causes. Typically, the most popular explanation is that the company behind the asset must be “pumping” it. We decided to look at some key on-chain metrics for the LINK token to determine whether those can explain the asset’s growth.