Chainlink (LINK) price reaches a 22-month high, with an increase of nearly 30%

According to CoinDesk, the token price of leading decentralized oracle network Chainlink (LINK) reached a 22-month high on Friday, ending a three-month consolidation period in the bull market. According to CoinDesk data, LINK price broke through $18 during the European trading session, reaching its highest level since April 3, 2022, with a 24-hour increase of 15%. In the past week, LINK price has risen nearly 30%, surpassing major cryptocurrencies including Bitcoin (BTC) and Ethereum (ETH). This surge marks a breakthrough for LINK price within the three-month range of $13 to $17 and indicates that the rebound since its low point near $5 in June 2023 will continue. Over the years, Chainlink has become a critical component of the cryptocurrency industry's infrastructure by connecting blockchain with external world data through its oracles and extensive partnerships. Its blockchain-agnostic infrastructure ensures compatibility with different blockchains and facilitates seamless secure transfers from one blockchain to another.