As Bitcoin consolidates in the $90k range, several altcoins are soaring to new highs with Chainlink (LINK) also being added into the lists as it jumped 30% in the past 24 hours.
Chainlink price has surged over 40% in the past week, rising from $17.56 to hitting the yearly high of $26.44 on December 3 – as per Coinmarketcap data. The 24 hour trading volume for LINK has also witnesses massive increase of over 950% as it catch up with the Altseason trend.
While Bitcoin price manages to hold the $90k, it is giving a strong push to major altcoins with some even rising 100% over the past month. It has been said by several analysts that LINK is among top contenders to attain meteoric gains in the Altcoin season during 2024 and 2025.
LINK price has spiked over 128% in one month as it was trading near $10 in early November, now its price has broken the $25 price mark. The all-time high for LINK price is $52.88 which it marked 4 years ago in May 2021.
To break to a new high, LINK price would need to gain 2X from the current levels and looking at its past month performance, it is likely to be hit.
The next month will be crucial for the cryptocurrency market as Bitcoin price tries to break the historic price mark of $100,000 and Altcoin follows its lead.
Read: Dogecoin Price Surges 170% in a Month—Can It Break $1 Mark?
