Chainlink (LINK) has experienced a strong rally, reaching its highest price since November 2021 at $30. This surge is attributed to several positive developments, including partnerships with Donald Trump's World Liberty Finance, Hedera Hashgraph, and Swift Society. Chainlink's market share has also grown, surpassing $40 billion and making it larger than the next 10 oracles combined. Data shows that more investors are opting to hold their Chainlink tokens in self-custody, contributing to reduced selling pressure. Technical analysis suggests that LINK's price could rise by 80% to reach its all-time high of $54.
- Content Editor ( crypto.news )
- 2024-12-16
Chainlink price rallies as hopes of an 80% surge rise