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Chainlink’s user growth suggests price recovery potential

User growth of 142%: Chainlink has seen a 142% increase in daily active users, highlighting a surge in investor interest. This growth translates to approximately 8,220 active addresses daily, indicating enhanced use of Chainlink’s decentralized oracle services. Such strong user engagement points to strengthened interest in Chainlink’s role in the decentralized finance ecosystem.

Link trades at 22.49 USD: Currently, LINK is trading at 22.49 USD, despite a decrease of 14.04% over the past 24 hours. With a trading volume of 2.97 billion USD, the token exhibits robust activity. Analysts suggest that stabilizing around the 24 USD support level could lead to a potential recovery.

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