Will Chainlink’s developments help an overbought LINK preserve | Crypto Portal

Will Chainlink’s developments help an overbought LINK preserve its drive?

Do the partnerships reflect on Chainlink’s network growth?
Chainlink’s Network Growth metric revealed that the largest spike in the last 12 hours was observed in November last year. Of course, there have been instances since then where network growth registers significant upside. It particularly occurs during periods in the market that are characterized by higher volatility.

The latest bullish rally in the last two weeks manifested as a relatively small spike in active addresses compared to its January spike. Nevertheless, LINK addresses have been growing. At press time, LINK had over $2.82 million addresses, notably higher than it did at the height of the 2021 bull run.