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Limited Reaction: Chainlink Price Slips Amid Infosys Partnership Announcement

Guavy AI Editorial Team
Instruments
LINK
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Chainlink's price dropped 1.24% on September 22 after Infosys announced a partnership, but the reaction was limited and not necessarily caused by the deal.

The Infosys-Chainlink agreement covers various services, including blockchain interoperability, compliance, data, reserve verification, and workflow infrastructure for institutional clients.

Despite the announcement, Chainlink's price remained under pressure, falling 5.14% over 24 hours to trade near $12.24 on September 24, according to CoinMarketCap.

Santiment recorded 1,344 new LINK addresses on September 22, a 19% increase above the September average, but lower than prior daily highs.

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