Zinger Key Points
- Chainlink jumped 18% in 24 hours after partnering with 21X to launch the first EU-regulated tokenized securities market.
- Analysts predict significant upside, with targets of $30 or higher before the current rally concludes.
- Benzinga shares with you top insiders news
Chainlink's LINK/USD 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 LINK/USD | $24.00 | $15.05 billion | +14.5% | +42.8% |
| XRP XRP/USD | $2.61 | $148.7 billion | +7.4% | +91.9% |
| Stellar XLM/USD | $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 Chainlink is among the most undervalued cryptocurrencies, with immense potential and strong fundamentals.
Pseudonymous trader Altcoin Sherpa predicts that LINK could rise to the mid-$30s before its current rally ends.
Bluntz Capital highlighted Chainlink's breakout, especially in its LINK/BTC pair, calling it a “dino coin” with genuine value, unlike older coins they label as “vaporware.” The trader suggests it's not too late to invest, with significant growth potential remaining.
Statistics: IntoTheBlock data shows the number of new LINK addresses created is currently at its highest in over two years. Large transactions surged by an incredible 1,219.5%, while daily active addresses grew by 128.9%.
Transactions above $100,000 multiplied from 215 to 1,981 in just one day.
Exchange netflows widened by 3,530.8% in single day.
Community News: European DLT exchange 21X announced a strategic partnership with Chainlink for the launch of an EU-regulated trading and settlement system for tokenized securities.
This collaboration is expected to enhance Chainlink's utility and adoption across European markets.
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