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Chainlink LINK Soars 24% to $26.50 as Institutional Demand and ICE Partnership Fuel Rally
Chainlink LINK Soars 24% to $26.50 as Institutional Demand and ICE Partnership Fuel Rally
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Chainlink LINK News -
Chainlink's native token LINK surged to $26.50, hitting a seven-month high following a 24% price increase driven by heightened spot trading volumes and institutional accumulation. Trading activity jumped 89% to $3.1 billion, with the breakout occurring alongside a strategic partnership announcement with Intercontinental Exchange (ICE) for forex data feeds.
On-chain analysts observed aggressive accumulation by sophisticated investors, sparking discussions about a potential $50 price target by year-end. The rally has renewed interest in oracle networks, with LINK's market dominance expanding as DeFi protocols increase real-world asset integrations.
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