FOMO

Chainlink

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 <p>Chainlink LINK is one of the top-performing cryptocurrencies so far in 2024. The native cryptocurrency of the Chainlink Web3 network has reached a price it hasn’t seen since January 2022, and its market cap now sits at over $11 million.</p>
 <p>According to CoinMarketCap, <a rel="noopener noreferrer nofollow" title="LINK" href="https://thebittimes.com/tag/link.html">LINK</a> now sits in 11th place on the cryptocurrency charts, just behind the leading meme-coin Dogecoin. Chain<a rel="noopener noreferrer nofollow" title="LINK" href="https://thebittimes.com/tag/link.html">LINK</a> has risen by over 4% in the past 24 hours to $18.93 at press time. While it still sits in 11th place, compared to the top-10 leading cryptocurrencies, <a rel="noopener noreferrer nofollow" title="LINK" href="https://thebittimes.com/tag/link.html">LINK</a> has performed the best in the past day, and far-and-away the best in the last week. In just 7 days, the cryptocurrency is up over 25%.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="576" src="https://cdn.thebittimes.com/images/2024/02/06/c4cf08628076c602e95b428d771ebdd4.webp" alt="Chainlink" class="wp-image-116854" srcset="https://cdn.thebittimes.com/images/2024/02/06/c4cf08628076c602e95b428d771ebdd4.webp 1024w, https://cdn.thebittimes.com/images/2024/02/06/c4cf08628076c602e95b428d771ebdd4.webp 300w, https://cdn.thebittimes.com/images/2024/02/06/c4cf08628076c602e95b428d771ebdd4.webp 768w, https://cdn.thebittimes.com/images/2024/02/06/c4cf08628076c602e95b428d771ebdd4.webp 1536w, https://cdn.thebittimes.com/images/2024/02/06/c4cf08628076c602e95b428d771ebdd4.webp 380w, https://cdn.thebittimes.com/images/2024/02/06/c4cf08628076c602e95b428d771ebdd4.webp 550w, https://cdn.thebittimes.com/images/2024/02/06/c4cf08628076c602e95b428d771ebdd4.webp 800w, https://cdn.thebittimes.com/images/2024/02/06/c4cf08628076c602e95b428d771ebdd4.webp 1160w, https://cdn.thebittimes.com/images/2024/02/06/c4cf08628076c602e95b428d771ebdd4.webp 1920w" sizes="(max-width: 1024px) 100vw, 1024px">
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   Source – BTC-ECHO
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 <p><strong>Also Read: Chainlink (LINK) Rallies 40%, Can it Hit $20 This Week?</strong></p>
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 <h2 class="wp-block-heading" id="h-what-is-causing-chainlink-link-to-surge">What is Causing Chainlink LINK to Surge?</h2>
 <p>One reason why LINK may be surging is due to renewed interest in tokenizing RWAs (real-world assets), according to some market watchers. Chainlink is one of the global leaders in tokenization, and with the growing interest in cryptocurrency and blockchain, LINK may be reaping the most benefit. In terms of representing real-world assets as tokens, Chainlink is one of the best choices.</p>
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 <p>Essentially, a lump of long-dormant&nbsp;<a rel="noopener noreferrer nofollow" title="LINK" href="https://thebittimes.com/tag/link.html">LINK</a>&nbsp;whales has abruptly awakened, transferring huge sums back into circulation. This influx from holders accumulating during Chain<a rel="noopener noreferrer nofollow" title="LINK" href="https://thebittimes.com/tag/link.html">LINK</a>’s multi-year bull run likely kicked FOMO into high gear, contributing to <a rel="noopener noreferrer nofollow" title="LINK" href="https://thebittimes.com/tag/link.html">LINK</a>’s price jump as smaller players rush to chase gains.</p>
 <p>Chain<a rel="noopener noreferrer nofollow" title="LINK" href="https://thebittimes.com/tag/link.html">LINK</a>’s all-time high was reached in May 2021, hitting north of $52. While that number is still far from reach, Chain<a rel="noopener noreferrer nofollow" title="LINK" href="https://thebittimes.com/tag/link.html">LINK</a>’s recent performance indicates that interest is growing at a similar rate as before that high. With <a rel="noopener noreferrer nofollow" title="LINK" href="https://thebittimes.com/tag/link.html">LINK</a> looking like it may not slow down in the near future, Chain<a rel="noopener noreferrer nofollow" title="LINK" href="https://thebittimes.com/tag/link.html">LINK</a> may become one of the top-ten performing cryptocurrencies and one to watch in the coming months.</p>
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<div class="cs-entry__tags">
 <ul>
  <li>chainlink</li>
  <li>LINK</li>
 </ul>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/chainlink-link-reaches-2-year-high-market-cap-soars-tbt78969.html">https://thebittimes.com/chainlink-link-reaches-2-year-high-market-cap-soars-tbt78969.html</a></p>

Chainlink LINK Reaches 2-Year High, Market Cap Soars

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TheBitTimes

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