The Chainlink (LINK) market was seen making headlines following its latest surge. While its all-time high of $52.88 has been impossible to reach, the market is expecting LINK to rise over the next couple of months and reclaim this peak. Currently, the altcoin is trading over 50% below this high. Throughout the past year, the asset has witnessed a spike of 71%. If LINK continues this trend, the asset could move beyond this milestone.
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Chainlink’s Current Market Status
Throughout the past 24-hours, the altcoin recorded a dainty rise of 1%. At the time of writing, LINK was trading at $25.90. Earlier today, Chainlink’s cryptocurrency managed to surge to a high of $27.03. The past week has been increasingly bullish for the asset as it increased by 27%.
This rise was also linked to a direct endorsement from Trump’s World Liberty Financial. LINK’s uptick had more factors influencing it. Further highlighting Chainlink’s bullish scenario, Santiment said,
“Chainlink’s market value is back above $26.75 on another +7.3% surge day. Two bullish signals to watch are the declining supply on exchanges (-0.95% less LINK on exchanges in past month) and mean dollar invested age (average LINK is 6.3% younger in their respective wallets).“
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Jan-End Price Prediction
According to data from CoinCodex, Chainlink is all set to record an uptick throughout the next few days. While the asset is expected to surge to $30 during this week, LINK could be a few cents short of this milestone. During the final week of the month, the altcoin will surge by a staggering 10.31% from its current price level. LINK will trade at a high of $28.54. On the last day of the month, the asset will be priced at $28.22.
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