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Chainlink (LINK) On-Chain Activity Surges Amid Price Rise and Cross-Chain Interoperability Testing Reports

Chainlink (LINK) traders have seen a surge in on-chain activity since September 18, 2023, coinciding with a significant price increase. The price surge began when reports of a major bank partnering with Chainlink for testing cross-chain interoperability of an Australian dollar stablecoin were released.

Chainlink wallets have been busy with transfer activity of around 71.8 million LINK tokens, leading to speculation on the price surge. Analysts predict that the altcoin's pairing with Tether (USDT) will continue to rise until the beginning of October before taking a correction, with a potential gain of almost 100% to reach $13 levels by the end of 2023.

Chainlink Chainlink $14.68
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