{"id":565479,"date":"2021-01-24T21:10:06","date_gmt":"2021-01-24T18:10:06","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=565479"},"modified":"2021-01-24T21:10:06","modified_gmt":"2021-01-24T18:10:06","slug":"chainlink-active-addresses-growth-is-143-higher-than-3-months-ago","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/chainlink-active-addresses-growth-is-143-higher-than-3-months-ago\/","title":{"rendered":"Chainlink Active Addresses Growth is 143% Higher than 3 Months Ago"},"content":{"rendered":"
Quick take:<\/strong><\/p>\n The Chainlink network<\/a> is growing at a fast pace compared to three months ago. This is according to the analysis by the team at Santiment which points out that the number of new daily active addresses created is 143% higher than it was three months ago.<\/p>\n The team at Santiment explained the rapid growth experienced by the Chainlink network<\/a> via the following statement<\/a> and accompanying chart.<\/p>\n LINK<\/span>‘s network growth, which measures the amount of new daily active addresses created, continues its rapid rise. As of today, its 5,301 new addresses created is 143% higher than its 2,189 three months ago. This number nearly hit 10k five days ago. <\/span><\/p><\/blockquote>\n <\/a><\/p>\n As can be seen, by the chart above, the price of LINK is correlated with<\/a> the growth of the Chainlink network. Such a relation between network growth and the price of digital assets is an exact replication of Metcalfe’s Law that has been at the backbone of the cryptoanalysis done by Timothy Peterson<\/a> of Cane Island alternative advisors.<\/p>\n In his most recent analysis of Chainlink, Mr. Peterson has identified LINK as ‘fairly valued’ when compared to Bitcoin and Ethereum that might be exhibiting signs of entering bubble territory. He shared his analysis via the following statement<\/a> and chart.<\/p>\n ChainLink<\/span> is fairly valued. There’s a bubble in <\/span>bitcoin <\/span>and <\/span>ethereum<\/span> that is not present in <\/span>LINK<\/span>.<\/span><\/p><\/blockquote>\n\n
Network Growth is Linked to the Price of ChainLink (LINK)<\/h2>\n