Chainlink (LINK) has experienced a significant surge in its price, which analysts are attributing to the additional acquisition of World Liberty Financial (WLFI) and the rumors of a brewing partnership with Cardano.<\/p>\n
Chainlink<\/a> could be off to a good start as the crypto token was able to pull off a big run that propelled the coin from its lowest level to reach over $26 per coin.<\/p>\n Analysts said that Chainlink has successfully positioned itself in the blockchain landscape after breaking the slump that saw the token at its lowest level this year and gaining momentum to surpass its March 2024 high of $22.87<\/p>\n Data showed that the crypto token\u2019s price skyrocketed by 40% to hit $26.85 per coin. The come-from-behind rally also pushed the market capitalization to nearly $17 billion. Meanwhile, LINK was up 30%<\/a> in the last seven days, data from Coingecko shows.<\/p>\n Market observers noted that LINK\u2019s gains to reach $26.87 have allowed the token to get over the resistance level of $22.87, which some analysts suggested the token could be moving towards a highly bullish condition.<\/p>\n The cup and handle pattern method showed there is a high possibility that Chainlink would reach its target of $37, which an analyst explains,<\/p>\n \u201cThe profit target for this pattern is calculated by measuring the depth of the cup and projecting the same distance upward from the breakout point.\u201d<\/p>\n One of the reasons seen by crypto analysts that drive Chainlink\u2019s price in an upward direction is the Trump-associated WLFI which bought a significant number of tokens.<\/p>\n According to Nansen<\/a>, about $4.6 million worth of LINK tokens were acquired by WLFI, bolstering their Chainlink holdings to more than $6.6 million worth of tokens.<\/p>\n Some analysts pointed out the possibility of the US Securities and Exchange Commission (SEC) approving a Chainlink ETF if an application is submitted, noting that Trump\u2019s crypto<\/a> policy could positively affect these tokens.<\/p>\n Moreover, data showed that WLFI holds $179 million worth of Ethereum tokens together with other assets like USD Coin, Tether, Wrapped Bitcoin, AAVE, Ethena, and Tron. It is estimated that WLFI has a portfolio that exceeds $322 million in value.<\/p>\n Now that we have governance moving along really well, this year I\u2019m going to focus deeply on three big themes for Cardano:<\/p>\n 1) Bitcoin DeFi on Cardano (Market is 4 times the size of Ethereum and Solana combined) \u2014 Charles Hoskinson (@IOHK_Charles) January 18, 2025<\/a><\/p>\n Possible Cardano Partnership<\/p>\n Another factor that contributed to Chainlink\u2019s price surge is the rumor that Cardano<\/a> will have a partnership deal with the token.<\/p>\nChainlink 30% Price Surge<\/h2>\n
WLFI Acquires More Tokens<\/h2>\n
\n2) 24\/7 work on scalability, including Leios
\n3) Making Cardano a\u2026<\/p>\n