Chainlink leads the market with 61% weekly acquire — What’s driving LINK worth?

The Chainlink’s (LINK) token surged by a considerable 61.3% from Oct. 20 to Oct. 25, reaching a peak of $11.78 and marking its highest level since Might 2022. LINK worth then stabilized round $10.50, prompting traders to query the sustainability of this new worth degree.

It is price noting that this surge coincided with ‘s (BTC) 23% acquire throughout the identical interval. Nonetheless, LINK’s efficiency stands out compared to Ether’s (ETH) 14% enhance and ‘s (SOL) 28% rally, suggesting elevated bullish sentiment towards Chainlink’s main oracle and decentralized computing options.

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