Chainlink crypto has been in the news recently, with many bullish announcements fuelling the LINK price rally toward $50.
As the market begins its recovery following Bitcoin (BTC) reclaiming $100,000, Chainlink (LINK) has outperformed all other top 15 digital assets by market cap.
In the last 24 hours, Chainlink’s native token has spiked by more than +18%, with Ethereum (ETH) managing +7.1% and Bitcoin only rallying +3.6% in the same time frame.
(Source)
What Is Causing LINK Price To Outperform Its Peers?
Three key pieces of information seem to be fuelling LINK’s bullish run of late.
First, Donald Trump’s World Liberty Financial DeFi project has been buying the token, with over 41,000 LINK ($1 million) purchased today. This follows on from last month’s announcement that World Liberty is adopting Chainlink, starting with the integration of price feeds for its Aave V3 platform.
Secondly, Chainlink Labs announced yesterday that there is a huge development in the MENA region. As one of Chainlink’s contributing developers, it announced an expansion in the Middle East and North Africa (MENA) region, including setting up an office and establishing an entity in Abu Dhabi under the Registration Authority of ADGM.
Chainlink Labs plans to utilize its local presence to expand its network of strategic partnerships with financial market infrastructures and financial institutions, while continuing to build key relationships in the region as demand for tokenized assets surges.
The final piece of news from Chainlink is from December 10, when the firm announced that Coinbase’s Project Diamond (a compliant digital asset platform for global institutions) is adopting the Chainlink standard as infrastructure for powering the full lifecycle management of tokenized assets.
We're excited to announce that our Project Diamond platform is integrating the @Chainlink standard for onchain finance.
Chainlink will unlock utility and unify liquidity across the Project Diamond platform.
Learn more: https://t.co/VxSiAbqxpo pic.twitter.com/6LkaSNuz2G
— Coinbase Institutional 🛡️ (@CoinbaseInsto) December 10, 2024
No other major crypto project has made recent announcements anywhere near the above level, let alone all three within a two-day span.
Is Chainlink Heading To Its Previous All-Time-High Of $50?
Even with Chainlink’s recent positive developments, LINK is still down roughly 47% from its all-time high of $52.70, per Coingecko. The asset’s price hit its all-time high during the last bull market, in May 2021.
Many traders and investors believe the crypto market will surge under Donald Trump’s incoming Presidency. With Chainlink having close ties to the World Liberty Financial project, LINK will likely benefit more than most as a result.
With a pro-crypto US President and multiple leading nations contemplating their own strategic Bitcoin reserves, LINK’s price could hit triple digits as the bull market rolls on.
BONUS: Another Day, Another Milestone For Wall Street Pepe (WEPE) As It Hits $7 Million In Early Stage Funding
I didn’t choose the meme life. The meme life chooses me. 🐸 ⚔️
Join the army: https://t.co/ZDBhKay9ss pic.twitter.com/tTvIF8j7gT
— Wall Street Pepe (@WEPEToken) December 11, 2024
It is becoming hard to ignore Wall Street Pepe (WEPE), as it is clearly the hottest presale on the market right now. It is featured across social media, YouTube, and many crypto-related sites.
Less than 48 hours ago, WEPE hit $5 million in presale funding, and having just surpassed $7 million, it is extremely likely we see $10 million before the week is done.
Investors are going crazy for Wall Street Pepe as it blends the ever-popular Pepe meme with the Wolf Of Wall Street. If that wasn’t catchy enough, WEPE offers a ton of utility, where 99% of meme coins are purely speculative assets.
At the center of WEPE utility is the Wall Street Pepe VIP Club. This exclusive community for WEPE holders offers access to alpha trading signals, insider insights, and expert-led strategies to help the community find the next 1000x gem before everyone else.
The Wall Street Pepe presale has a built-in staking platform, with over 90% APY for investors who choose to stake their WEPE.
Less than four days remain until the presale moves on to its next price stage, so secure your bag now before WEPE becomes more expensive.
Join the community via X and Telegram to stay up-to-date on all things WEPE.
EXPLORE: Could Yaps Be The Next Hyperliquid? How To Farm Kaito AI’s Content Creation-Based Airdrop
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