10:13
Grayscale LINK Holdings exceeded 1.3 million, setting a new high, with a rise of over 4 times in the past two years.
Chainlink (LINK) continues to be affected by negative market sentiment in November. The selling pressure has caused its price to fall 50% from the peak of the last quarter. However, Grayscale and several analysts still maintain a bullish outlook. The decline over the past three months has also brought LINK back to its most important support level in the past two years.
Grayscale is one of the largest investment firms in the digital asset space and recently released a highly optimistic research report on the LINK token. The report emphasizes Chainlink's role as the infrastructure layer for decentralized finance (DeFi) and asset tokenization.
This report describes Chainlink as a middleware module that enables on-chain applications to securely use off-chain data and allows them to interact across blockchains, meeting enterprise-level compliance requirements.
LINK-0.2%

