The Chainlink token (LINK) has seen a resurgence in market performance recently. Initially launched in 2017, LINK reached its peak in 2021, briefly touching a price of $53 and entering the top 10 largest cryptocurrencies by market capitalization. However, it experienced a significant price drop due to the bear market, plummeting to $6. In October 2023, there was a brief rebound, bringing the price back to $15. The token faced uncertainty after being targeted by the SEC as a potential unregistered security. The announcement of a more crypto-friendly SEC chairman under the Trump administration positively affected LINK's price. In late November, the price rose to the $20 mark and continued to increase, reaching a new annual high of over $28. Despite this, the current price is still 46% lower than the all-time high in 2021. LINK's success can be attributed to its role as the main provider of oracles in DeFi, with increased usage of DeFi tools driving market demand for LINK.



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