Chainlink Price Surge: Potential 30% Gains Looming

Chainlink (LINK)’s price has experienced a remarkable rally, surging over 13% in the past 24 hours and exceeding the $4,500 mark. This surge stands out amid a market characterized by flat or declining coin prices. The momentum is attributed to the expansion of decentralized finance (DeFi) applications and increasing institutional investments. Key insights into this price movement are provided through on-chain data analysis.