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Chainlink (LINK), a decentralized oracle token and of the most valuable cryptocurrencies globally, is leading the significant gains in the latest altcoin rally with substantial gains. The coin rose in ranks to become the 12th largest globally by market cap while steadily increasing its price feeds on multiple network platforms.<\/strong><\/p>\n The project that piloted its network of oracles to the crypto business, enabling it to deliver real-world data to the blockchain, crossed the market cap of $15 billion on 6th September for the first time since May 2021. The altcoin rose by over 12% in 24 hours. The market gained billions of dollars in a continuing uptrend in place since early August.<\/span><\/p>\n This sudden climb places LINK at a valuation higher than <\/span>Bitcoin Cash<\/span> (BCH), Litecoin (LTC), Terra (LUNA), Filecoin (FIL), and <\/span>Polygon (MATIC)<\/span>, formerly Matic Network, which has been quite a popular project over the last few months. LINK has a market cap of $15.03 billion.<\/span><\/p>\n According to Santiment, Chainlink\u2019s market value is <\/span>up 119%<\/span> in the past six weeks. The rate of remarkable GitHub submissions from the LINK developers has been undeniably rising fast.<\/span><\/p>\n According to the Daily chart, LINK price is showing bullish price sentiments. The altcoin broke the critical resistance level at $30 and moved above the 25-day and 50-day moving averages (MA). If the bulls work beyond the $35.35 level, this will pave the way for the Link price to hit $42.67. This is almost a 24% jump from the range high. However, If the buying pressure rises at this point, the altcoin price will likely hit $50.<\/span><\/p>\n LINK is 35% down from its ATH. However, observing the rising momentum, it could post a new ATH before the end of 2021. A famous analyst on Twitter, ImmortalCrypto, believes that Chainlink is all set to breach its immediate resistance against Bitcoin (LINK\/BTC) at 0.00065 BTC.<\/span><\/p>\n<\/span>Going All the Way Up<\/b>\u00a0<\/span><\/span><\/h2>\n
<\/span>Achieving ATH\u00a0<\/b><\/span><\/h2>\n