Chainlink (LINK) and Orbeon Protocol (ORBN) Still Showing Bullish Movement
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Chainlink (LINK) and Orbeon Protocol (ORBN) currently look like the best cryptocurrency projects to jump in while the bear market persists.
This is primarily because the two tokens are still showing bullish movements with the potential to gain further in 2023.
Analysts recommend Orbeon Protocol as a good option based on the success of its presale. Orbeon Protocol is in phase 3 of its presale, which is expected to rise by 6000% by early 2023.
Let’s take a quick look at the reasons why the two tokens are still showing bullish movement.
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Chainlink (LINK) price has increased by almost 75% since mid-2022. It peaked in May at $5.29. you could say the surge of Chainlink was occasioned by the growing number of entities holding massive amounts of over 1,000 tokens, or whales as they are known in the crypto industry.
Chainlink is a decentralized blockchain platform that allows non-blockchain entities to link to different blockchains in a safe and seamless way. It basically links external data sources with smart contracts based on the blockchain.
Chainlink launched its staking program on December 6th which although led to a decrease in its price but nevertheless brought much attention to the project.
In November, the number of Chainlink addresses with 1,000 to 1 million tokens had already increased by 18.2% from May, which proves how much influence investors have on the project and its subsequent price recovery. The whales are definitely shifting to Chainlink and if the trend continues, LINK may be a top token to invest in soon.
Many investors are also attracted to Chainlink because of the utility it
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