While the overall market adjusts, Chainlink has surged against the trend, rising 44% in the past week and 12% in the last 24 hours, making it the most eye-catching cryptocurrency recently. Behind this surge is whale funding exceeding 80 million dollars, along with a significant partnership with the Intercontinental Exchange Group (ICE).
This partnership is no simple matter; ICE is one of the largest exchange operators in the world, with top-tier financial infrastructures like the New York Stock Exchange. They chose to collaborate with Chainlink to integrate real-world data into the blockchain, which is significant for the development of DeFi. The recognition from traditional financial giants is more persuasive than any marketing.
From a fundamental perspective, Chainlink, as the leader in decentralized oracles, has an unshakeable position. There are now over 1,000 projects using its services, with a total locked value exceeding 50 billion dollars. With the rise of RWA tokenization trends, the demand for high-quality oracles will only increase.
The crazy buying by whales also illustrates the problem; in the past 48 hours, the largest transfer was 3 million LINK, worth 25 million dollars. These are all long-term holders adjusting their positions, indicating they see greater upside potential for LINK. Technically, LINK has just broken through a key resistance level, and the trading volume has significantly increased, which usually signals the beginning of a new upward trend.
The entire DeFi infrastructure sector is being revalued, and the market is finally recognizing the importance of these projects. Although there may be fluctuations in the short term, Chainlink's monopoly position in the oracle field, combined with its continuously expanding ecosystem, makes its long-term investment value indisputable. If this momentum continues, it's only a matter of time before LINK hits a new high.
