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Gate Square New & Returning Creator Rewards are ongoing!
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Chainlink (LINK) Surges 15%—Can It Keep Climbing?
Chainlink (LINK) has seen a 15% surge in a single day, fueled by rising adoption and strong investor sentiment. The token, now trading at $24, has outperformed many altcoins, with analysts predicting further gains. Market data shows a significant 1,219% spike in large transactions, while new LINK addresses are at a two-year high, signaling fresh capital inflows.
Traders point to long-term holders dominating supply, limiting sell pressure and potentially setting up a supply squeeze. Additionally, a strategic partnership with European DLT exchange 21X is expected to boost Chainlink’s utility, increasing its role in tokenized securities. Some analysts believe LINK could climb into the mid-$30s before its current rally cools.
With strong fundamentals and growing adoption, Chainlink remains a standout performer in the market. Can it maintain momentum and push even higher?