LINK Gains 13% in a Day Amid DTCC and Chainlink Joint Effort
- LINK surges 13.47% in a day, and the total yearly gain exceeds 130%.
- DTCC and Chainlink pilot boosts LINK tokenization efforts.
- Indicators hint at robust bullish sentiment in the short term.
The price of Chainlink (LINK), a blockchain oracle token, has surged in recent weeks, driven by positive market sentiment and a successful pilot program with the Depository Trust and Clearing Corporation (DTCC).
Spearheaded by Bitcoin and closely followed by an array of altcoins; including the whimsically named memecoins, the digital currency terrain has experienced a robust elevation.
Over the past year, the LINK token has witnessed a massive spike exceeding 130%, showcasing a marked escalation in both investor confidence and its overall market valuation. Consequently, recent dynamics in trading have been particularly robust for LINK, as evidenced by an 18.09% increment over the preceding 30 days and an 11.13% amplification just this week.
LINK/USD 24-Hour Chart (Source: CoinStats)
As of press time, the LINK token is trading for $15.82, a 13.47% increase over the previous day’s data. This jump in value has also resulted in a 12.91% increase in Chainlink’s …
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