Chainlink (LINK) is a decentralized oracle network that enables blockchain-based smart contracts to securely and reliably access external data sources. This structure makes it possible for smart contracts to interact with real-world data, expanding their use cases in various industries such as finance, insurance and gaming.
LINK, which has risen 27.15% in the last 24 hours and at the time of writing, is among the rising ones of the day. Chainlink (LINK) price is experiencing a remarkable uptrend due to the intense purchases of whales and the impact of large partnerships. A whale's $6.7 million purchase of LINK and major collaborations in October may have had a positive impact on the price.
