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.

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.