The Chainlink project has seen steady growth in Github commits by its developers
Surprisingly, a drop in development activity has been linked to a price increment of LINK
Chainlink (LINK) is currently defending the $21 price area amidst a weakening Bitcoin
Chances are that LINK regains its bullish momentum once Bitcoin futures expire this Friday
The developers behind the Chainlink project have been hard at work for the past few months since mid-2020. This is according to an analysis by the team at Santiment feed who have pointed out that Chainlink’s Github commits have continued to rise over time.
Furthermore, the team noted that every time development activity slows down, the price of Chainlink experiences a significant increment. The team at Santiment shared their observation via The rate in which Chainlink developers are submitting new commits on to the team github continues to rise over time! Also, interesting to note that small drops in development activity rates have historically aligned with LINK‘s largest price spikes.
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