Google searches for Chainlink has hit a new high due to the recent surge in the token price.
According to Google Trends, worldwide queries for the word “Chainlink” on the search engine reached a score of 100 in the week ended July 12, more than double what it was the preceding week. And 100 is the maximum search interest for the time and location selected.
Due to the record price rally, link is now one of the best-performing cryptocurrencies of 2020 and the eighth-largest cryptocurrency by market value while other major crypto tokens are lagging.
However, in Link’s case, the number of new addresses and active addresses has risen sharply alongside the spike in search queries. As such, it may be surmised that the peak retail interest is translating into additional buying pressure.
According to data provided by Santiment,
Daily active addresses rose to a 13-month high of 9,263 and new addresses, as represented by network growth, set a 12-month high of 4,517 on July 8.
Daily active addresses and new addresses are up 800% and 900%, respectively, on a year-to-date basis.
