Chainlink’s Comeback: Will LINK Ride Again or Just Horse Around? 🐴💰

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Well now, it seems Chainlink is revving up its engines, what with a sprightly 44% jump in just a week-so much for slow and steady! That’s right, folks, LINK has been struttin’ around like it just found a pot of gold, or at least a shiny new hat to wear.

“LINK lookin’ like it’s fixin’ for another hurrah,” said Johnny, a crypto trader with over 860,000 followers on the modern-day telegram, X (like the bird, but with more buzz). He posted on Wednesday that the setup’s as bullish as a country preacher on Sunday morning after the coin hit $24.60-glory be! ✨

“Big Cap Play or Just Big Talk?”

Santiment, that wise old owl of market chatter, announced it’s the “highest level of bullishness” since February-more than six months and a dozen bad jokes ago. Chainlink, the horse that’s been prancing around, has shot up 54% in the last month alone, trading at around $24 at the moment. According to CoinMarketCap, of course.

Now here’s some numbers for ya: if LINK’s brave enough to edge up another 6.2% to $25.50, about $61 million in short positions might find themselves out of luck, liquidated faster than a cowboy at a rodeo-courtesy of CoinGlass data. 🤠

But hold your horses-despite the recent gallop, LINK’s still 55% shy of its 2021 high of nearly $53, which is about as far off as my last New Year’s resolution from being kept. It’s in company with the likes of Stellar, Hedera, and Litecoin-still dreaming of their glory days when money grew on trees and crypto was everyone’s pet.

Many traders are sittin’ tight, waitin’ for those 2021 heroes to come skulking back to their former peaks before they let go. But some sharp-eyed folks reckon this might be the big one. Miles Deutscher, a trader with more sense than a fox in a henhouse, says LINK might be the “most obvious large-cap play for this cycle”-but most folks will probably miss the boat entirely. 🚤

Recent Adventures of Chainlink

Deutscher’s saying it’s because Chainlink’s become the darling of institutional folks, riding high on the explosion of stablecoins, tokenization, and real-world assets (RWA, for those in the know). Just on Monday, ‘ol LINK teamed up with Intercontinental Exchange-yes, the Fortune 500 bunch-bringing foreign exchange and precious metals data right onchain. Fancy, huh?

Sergey Nazarov, Chainlink’s co-founder, chirped on May 15 that asset tokenization will turbocharge capital flow across the old-world markets-think treasuries, stocks, private credit, and what-have-you-making it all as speedy as a jackrabbit on a date. 🦌

Meanwhile, Rick Barber, a crypto pundit, pointed out that all eyes are glued to the upcoming update to the Reserve-like a kid waiting for Santa, eager for that sweet deposit and news drop.

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2025-08-14 07:15