Chainlink ($LINK) has soared to a new 3-month high of $33.84 after rising over 112% in the past 6-weeks. The altcoin has recorded a 12% surge over the last 24-hours and the price is also trading above the 200-MA, indicating a bullish resurgence in price.
Source: TradingView
The altcoin is up 35% over the past week and looks to mimic a similar price pattern as that of Cardano ($ADA) and Solana ($SOL). Many believe the surge in development activity on the blockchain has been one of the key reasons behind the recent surge as the altcoin aims to get near its May all-time-high of $52.88.
$LINK’s development activity has soared accordingly with its price or vice versa. While the rest of the crypto market has experienced a similar bullish price burst, altcoins are leading the current bullish rally with the likes of $SOL, $ADA, and $LUNA posting new ATHs.
Source: Santiment
Can $LINK Pull a Solana?
During the first bull cycle, different cryptocurrencies with similar use cases grew and rose to
Źródło: https://coingape.com/chainlink-posts-3-month-high-after-112-6-week-gains-heres-whats-next/
