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Chainlink (LINK) Defies Market Downtrend with 20% Weekly Surge as Oracle Dominance Grows
Chainlink (LINK) Defies Market Downtrend with 20% Weekly Surge as Oracle Dominance Grows
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Chainlink LINK News -
Chainlink (LINK) has surged 20% over the past week, outperforming the broader altcoin market downturn. The token currently trades at $22.21, maintaining a 41% monthly gain despite a 6.36% daily decline. Analysts point to strong technical support at $20, upcoming reserve updates, and increasing investor interest as key drivers.
The network maintains commanding market dominance, securing 84% of Ethereum's oracle market while supporting $84 billion in DeFi value. Chainlink's critical infrastructure role in connecting real-world data to blockchain applications continues to fuel adoption, even as competing projects struggle.
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