Chainlink’s LINK (LINK) token skilled a outstanding 26% surge between Nov. 2 and eight, approaching $14, a degree not seen since April 2022. This solidified its place because the tenth largest cryptocurrency (excluding stablecoins) by market capitalization.
Whereas the worth motion is a welcome sight for merchants, is Chainlink’s present valuation of $8.1 billion justified? Cointelegraph analysis exhibits that the spectacular value surge is pushed by expectations of real-world asset (RWA) tokenization and preliminary indicators of institutional adoption. Nonetheless, let’s delve deeper to evaluate the sustainability of the present rally.
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