Avalanche Labs announced through Twitter surrounding their latest collaboration with Chainlink.
Based on the post, Chainlink (LINK/USD) has helped grow the Avalanche (AVAX/USD) ecosystem in the sphere of non-fungible tokens (NFTs), GameFi, and the Decentralized Finance (DeFi) sector.
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The integration as a catalyst for growth
Through an official announcement made on Twitter on September 26, 2022, we got a glimpse at the connection as well as adoption since the Chainlink integration on Avalanche went live on the mainnet in June of 2021.
Based on the data, Avalanche claims that there have been over 50 live data feeds, over 550 million in total value secured as well as over 12 months worth of data points delivered on-chain.
One of the main areas of development was the DeFi field, in the case of Liquid Staking and DEX.
This progression will likely lead to an increase in the value of both cryptocurrencies.
Should you buy Avalanche (AVAX)?
On September 28, 2022, Avalanche (AVAX) had a value of $16.872.
AVAX/USD Chart by TradingView.
The all-time high of the Avalanche (AVAX) cryptocurrency was on November 21, 2021, at a value of $144.96.
When we look at the 7-day performance, we can see that its lowest point was at $16.44, while the highest point was at a value of $18.43. Here we can see an increase of $1.99 or 12%.
When we take a look at the 24-hour price difference, the low point was $16.77, while the high point was $18.44. This marked another increase of $1.67 or 10%.
With all of this taken into consideration, buying AVAX can be a solid decision as it can climb to $20 by the end of October 2022.
Should you buy Chainlink (LINK)?
On September 28, 2022, Chainlink (LINK) had a value of $7.901.
LINK/USD Chart by TradingView.
When we go over its all-time high, Chainlink (LINK) reached a value of $52.70 on May 10, 2021.
Going over the weekly performance, Chainlink (LINK) had its low point at $6.63 while its high point was at $8.37. Here we can see an increase of 26% or by $1.74.
When we look at the 24-hour performance, Chainlink (LINK) had its low point at $7.68 while its high point was at $8.37. This marked a difference of $0.69 or 9%.
With this in mind, LINk can climb to $10 by the end of October 2022, making buying LINK a solid decision.
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