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

Chainlink’s LINK (LINK) token surged by a considerable 61.3% from Oct. 20 to Oct. 25, reaching a peak of $11.78 and marking its highest level since Could 2022. LINK’s value then stabilized round $10.50, prompting buyers to query the sustainability of this new stage.

It’s value noting that this surge coincided with Bitcoin’s (BTC) 23% acquire throughout the identical interval. Nonetheless, LINK’s efficiency stands out in contrast with Ether’s (ETH) 14% enhance and SOL’s (SOL) 28% rally, suggesting elevated bullish sentiment towards Chainlink’s main oracle and decentralized computing options.