Chainlink [LINK] has been building on its network in anticipation of a strong price surge for some time now. Recently, the network has announced the testing of DECO which is a protocol that aims to enable under collateralized lending.
This privacy preserving oracle protocol will allow data transmission over the internet seamlessly. It will also aim to become a healthy addition to Chainlink. Moreover, Chainlink has been able to reap the benefits of other such developments on its social performance in the crypto market.
For over two years, LINK has trended down against BTC and so has its social dominance. However, this narrative has shifted recently as LunarCrush reports in a recent tweet.
<p lang=«en» dir=«ltr» xml:lang=«en»>At @LunarCrush we like to couple social activity with PA (price action) for confluence to better identify macro shifts in trend Read more on ambcrypto.com