Chainlink Charges Toward $20 as LINK Emerges as DeFi’s Most Actively Developed Project
Chainlink’s native token LINK is gaining serious momentum—price charts hint at a potential breakout toward $20 as development activity outpaces rivals. The oracle network just flipped Ethereum in weekly GitHub commits, a rare feat that’s got traders buzzing.
Why it matters: While ’number go up’ dominates crypto Twitter, actual builders are quietly betting on Chainlink’s infrastructure. The project now boasts over 2,000 integrations—from DeFi blue chips to TradFi experiments trying (and failing) to stay relevant.
The cynical take: Wall Street will inevitably co-opt the tech, slap it into a bloated ETF, and charge 2% management fees for the privilege. Until then? LINK keeps eating market share—one smart contract at a time.
As Chainlink’s daily trading volume skyrockets by 20.37% to the hit $551.62 million, the 12th-largest cryptocurrency based on market capitalization looks destined for the psychological price of $20.
Renowned crypto enthusiast Michael van de Poppe recently pointed out that chainlink was about to run to $20.
Market analyst Stanley crypto also shared similar sentiments and stated, “LINK is retesting the breakout zone from the ascending triangle. Price is holding above key support around $16.20. A bounce here could ignite a move toward the $22.85 target.”
What are the stakes of Chainlink hitting $20? Well, the altcoin will need to breach major resistance at $17.80 because this zone recently emerged as an impediment to Chainlink’s jump to $20. LINK will also need to hold the critical support zone at $16.20.
According to CoinGecko data, Chainlink was up by 34.9% in the past month to hit $15.52 when writing.
Chainlink is Calling the Shots in DeFi Development
When it comes to the top DeFi project in terms of development, Chainlink has emerged the victor per Santiment data.
Having risen to prominence as a blockchain abstraction LAYER that permits the universal connection of smart contracts, Chainlink continues to rank high in developer contributions and GitHub commits.
This explains why Chainlink was recently selected by top banking giant JPMorgan to settle tokenized U.S. Treasuries, whereby public and private blockchains were bridged.
Furthermore, Chainlink’s high development activity can be linked to the numerous integration of gaming, non-fungible token (NFT) and DeFi projects.
Meanwhile, bullish momentum is expected to continue engulfing the Chainlink ecosystem, thanks to the surfacing of an inverse head and shoulders pattern.
