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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