Chainlink's price surged by 27% on December 3, following a collaboration with the EU-based firm 21X to launch a regulated tokenized asset settlement system. LINK has seen a remarkable growth of 50% in the last week and 125% over the past 30 days, peaking at a two-year high of $26.92 after a ‘god candle’ formation on the charts. Spot trading volumes for LINK reached $8.6 billion, showing a significant 271% increase, and the market capitalization is now at $15.52 billion, positioning LINK as the 15th largest cryptocurrency. The growing activity is linked to the use of Chainlink's cross-chain Interoperability Protocol (CCIP) by 21X, which integrates real-time market data for asset transactions across multiple blockchains. Additionally, the number of daily transactions on the Chainlink network soared to a two-year high of 24,901, indicating rising adoption. Despite high trading momentum, some analysts caution that LINK's relative strength index shows overbought conditions, while hopeful traders eye potential price targets above $30 and even above $50 into 2025.

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