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LINK Soars 47% in Past Week; Analyst Predicts Further Upward Trend 4m ago by coinedition.com

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LINK saw a remarkable increase in its value in the past week, outpacing major tokens.

CoinMarketCap data shows the token has added a 47% gain to its value in the past week.

A market analyst predicts a sustained uptick in Link’s price as October draws to a close.

Amidst a wider market bull rally, ​​the price of LINK, the native token of the blockchain abstraction layer Chainlink, has soared in the past week. Data from CoinMarketCap shows that the token has seen a significant uptick, far outpacing that of major cryptocurrencies.

On the weekly price chart, the token has added a whopping 48.15% to its value. In the last 24 hours, LINK has seen a 7% surge, although the positive run seems to have hit multiple corrections. At the time of press, the token is exchanging hands at $10.87 apiece.

However, the token’s sudden surge in price has not gone unnoticed. Market analyst and Velvet Capital’s community manager, Slim Daddy, said in a post that LINK is one of the tokens to watch out for as October draws to a close.

According to the analyst, the price analysis of LINK shows the token may sustain its positive performance beyond the week. He continued tha…

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