Chainlink leads the market with 61% weekly gain — What’s driving LINK price?

The Chainlinks (LINK) token surged by a substantial 61.3% from Oct. 20 to Oct. 25, reaching a peak of $11.78 and marking its highest point given that May 2022. LINK price then stabilized around $10.50, prompting investors to question the sustainability of this new rate level.Chainlink (LINK) token price, 12-hour, USD. LINKs performance stands out in comparison to Ethers (ETH) 14% boost and Solanas (SOL) 28% rally, recommending increased bullish sentiment towards Chainlinks leading oracle and decentralized computing solutions.Chainlink collaborations and combinations back the rallySeveral recent advancements have contributed to LINKs outperformance of its peers.

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The Chainlinks (LINK) token surged by a considerable 61.3% from Oct. 20 to Oct. 25, reaching a peak of $11.78 and marking its highest point considering that May 2022. LINK cost then stabilized around $10.50, prompting investors to question the sustainability of this new rate level.Chainlink (LINK) token rate, 12-hour, USD. LINKs performance stands out in comparison to Ethers (ETH) 14% boost and Solanas (SOL) 28% rally, recommending increased bullish belief towards Chainlinks leading oracle and decentralized computing solutions.Chainlink collaborations and integrations back the rallySeveral recent developments have actually contributed to LINKs outperformance of its peers.