Chainlink’s LINK Token Jumps 18% as Analysts Cite Undervaluation and Key Infrastructure Role

Chainlink's LINK token led gains among the top 50 cryptocurrencies with an 18% surge to $26.05, driven by technical momentum and fundamental developments. Analysts argue the oracle network's token is significantly undervalued given its critical infrastructure role in decentralized finance (DeFi).

Altcoin Sherpa labeled LINK as "one of the best coins right now," highlighting a clear path toward $30 while cautioning about potential profit-taking at round-number resistance levels. Zach Humphries stressed Chainlink's structural importance, stating: "The token should be viewed as a bet on essential infrastructure rather than just another speculative asset."

Trading volume spiked 66% as the price broke decisively above $24.50. This rally follows Chainlink's August launch of an on-chain reserve system and a data partnership with Intercontinental Exchange (ICE), solidifying its dominance as the leading provider of blockchain oracle services.