Cryptocurrency analysis company Alphractal has shared some remarkable data for Chainlink (LINK) in its latest report.
According to the company, Chainlink's realized price (the weighted average cost of all circulating coins based on recent movements) is currently around $15.1. This level stands as a strong support zone in case of a potential pullback and represents a critical accumulation area.
According to the data, there is a steady increase in the number of wallets holding 100,000–1 million LINK and over 1 million LINK.
Alphractal noted that although many addresses are still profitable, whales and sharks have confidence in Chainlink’s long-term potential, pointing out that the project could be the backbone of the upcoming bull market.
LINK's price has surged by an impressive 40% in the last month, and at the time of writing, it's trading at $23.70. LINK is the world's eleventh-largest cryptocurrency by market capitalization.
*This is not investment advice.
