Chainlink's back: LINK up 44% as traders eye ‘round 2’ rally

Key Points

1. Chainlink (LINK) surged 44% in the past week and 54% over the past 30 days, reaching $24.60 at one point.

2. A crypto trader with over 860,000 followers on X suggested LINK is poised for a 'round 2' rally, indicating bullish momentum.

3. Despite recent gains, LINK remains 55% below its May 2021 all-time high, unlike some other top 20 cryptocurrencies.

4. Analysts, including Miles Deutscher, believe LINK could be a standout large-cap investment this cycle, though many may overlook it.

5. Chainlink recently partnered with Intercontinental Exchange (ICE) to expand into foreign exchange and precious metals markets, signaling institutional adoption.