Chainlink leads the market with 61% weekly gain

Chainlink’s LINK token surged by a substantial 61.3% from Oct. 20 to Oct. 25, reaching a peak of $11.78 and marking its highest point since May 2022. LINK’s price then stabilized around $10.50, prompting investors to question the sustainability of this new level. It’s worth noting that this surge coincided with Bitcoin’s 23% gain during the same period. However, LINK’s performance stands out compared with Ether’s 14% increase and SOL’s 28% rally, suggesting increased bullish sentiment toward Chainlink’s leading oracle and decentralized computing solutions. Several recent developments have contributed to LINK’s outperformance of its peers.

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