Chainlink Price Surges 15% In One Day: Why Is LINK Going Up?
Posted On December 3, 2024
Chainlink’s (CRYPTO: LINK) impressive rally is backed by strong fundamentals, a key strategic partnership and growing sentiment among traders that the altcoin remains undervalued.
| Cryptocurrency | Price | Market Cap | 24-Hour Trend | 7-Day Trend |
| Chainlink (CRYPTO: LINK) | $24.00 | $15.05 billion | +14.5% | +42.8% |
| XRP (CRYPTO: XRP) | $2.61 | $148.7 billion | +7.4% | +91.9% |
| Stellar (CRYPTO: XLM) | $0.523 | $15.7 billion | -0.01% | +18.3% |
Trader Notes: WeRate co-founder Quinten Francois said on X on Tuesday that LINK is “highly illiquid,” with long-term holders dominating the market and unwilling to sell below $100.
He suggests that exhausted sellers and “diamond-handed” believers could create a supply crunch, leading to rapid price increases similar to past runs by XRP and XLM.
Francois believes …
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