Chainlink Rallies 14% in a Day Post Reserve News: Is $25 Next?
Chainlink (LINK) is experiencing quite a price surge amid a market-wide recovery. The asset is trading in the green zone across the board. LINK’s price has risen 14.7% in the last 24 hours, 12.5% in the weekly charts, 8.7% in the 14-day charts, 37% over the previous month, and 90% since August 2024, according to CoinGekco’s LINK data. Source: CoinGecko Chainlink Rallies Amid Reserve Announcement Source: Crypto Vally Journal LINK’s latest upswing comes amid the project announcing the launch of the Chainlink Reserve. The reserve is designed to support long-term growth and sustainability of the Chainlink Network. The reserve will accumulate LINK tokens using off-chain revenue from large enterprises. The early stage of the reserve has already accumulated over $1 million worth of LINK. The team does not anticipate any withdrawals from the reserve over several years. We're excited to announce the launch of the Chainlink Reserve, a new upgrade centered on the creation of a st...