Chainlink (LINK) Performs Well Amidst Market Uncertainty

November is starting to be an uncertain month for the crypto market. However, Chainlink (LINK) seems to be bullish as it has kept substantial gains from last week. The altcoin also performed well earlier today, establishing a local high of $7.96. Chainlink’s price started a bullish trend after testing and confirming support at the $6.50 level. The price feed oracle token suffered a devastating October reversal, wiping away all of its September gains. However, it was able to recover around 6% before the month ended. Related Reading: These Key Factors Might Push Ethereum To Outplay Bitcoin LINK is trading at a 1.49% gain as of writing. Its daily candle is also green and might just touch its local high before the end of today. The DeFi Derivatives Market Has A New Oracle Solution from Chainlink As the DeFi (decentralized finance) sector expands, Chainlink has responded by developing “ultra-low latency pull-based price oracles. The solution focuses on allowing and safeguarding this enormous on-chain market.” It forecasts that the DeFi derivatives market will expand more in the years to come. Therefore this growth will dramatically alter the way dApps create value. According to a related blog post, “We anticipate that a testable version of this new pull-based Chainlink oracle solution will be ready by the end of the year.” Over the years, Chainlink has been the de facto standard for receiving oracle-based price feeds. T...