- Chainlink has surged nearly 15% in a day, up 90% since August 2024, fueled by market recovery and the launch of the Chainlink Reserve.
- Policy shifts, including U.S. retirement funds gaining crypto access and possible Fed rate cuts, are boosting investor confidence.
- Analysts see a potential push toward $25 in the coming weeks, with CoinCodex projecting a late-October breakout.
Chainlink has posted an impressive rally amid a broader market rebound, with LINK trading solidly in the green across all timeframes. Over the past 24 hours, the token has gained 14.7%, adding to weekly, biweekly, and monthly gains of 12.5%, 8.7%, and 37% respectively. Since August 2024, LINK’s price has jumped by roughly 90%, according to CoinGecko data.
The latest surge comes just as Chainlink announced the launch of the Chainlink Reserve, a strategic fund aimed at supporting the long-term growth and stability of the network. This reserve will be built from off-chain revenue generated by large enterprise clients, and has already accumulated over $1 million worth of LINK. The team has stated that no withdrawals are expected for several years, signaling a focus on steady accumulation.
Market Tailwinds and Policy Shifts
The rally in LINK also coincides with broader optimism in the crypto space, partly fueled by recent policy developments. President Trump’s decision to allow retirement funds to invest in cryptocurrencies has been viewed as a significant step for mainstream adoption. Additionally, the appointment of Stephen Miran to the Federal Reserve Board has raised expectations for an early interest rate cut, which could encourage risk-taking and boost market momentum.
Lower interest rates typically reduce borrowing costs, making it easier for investors to enter positions in higher-risk assets like cryptocurrencies. This combination of regulatory support and potential monetary easing has given the market a confidence boost, benefiting tokens like LINK.
Potential Path to $25
With momentum building, analysts are eyeing $25 as a possible short-term target for Chainlink. A sustained market rally, aided by an interest rate cut, could push LINK past this level in the coming weeks. However, traders remain cautious given the ongoing global trade tensions and economic uncertainty, which could slow or reverse gains.
Forecasts from CoinCodex suggest that LINK could surpass the $25 mark by the end of October 2025, with a projected price of $25.11 on Halloween. Whether this prediction plays out will depend heavily on broader market conditions and investor sentiment.
