According to tracking, cryptocurrency whales accumulated hundreds of thousands of LINK in trading over the past day.
According to CoinMarketCap data, the price of Chainlink surged from $19 to $24, with an increase of up to 28%, and trading volume skyrocketed by 932% in just one day.
Market capitalization performed exceptionally well, reaching $15 billion, and boosted the holdings of Bitcoin Cash (BCH) and Hedera (HBAR) to $10 billion and $14 billion, respectively.
Within a month, the performance of this token even surpassed Bitcoin (BTC), soaring 126%, while the largest cryptocurrency in the world only grew by 40% as it has yet to reach the $100,000 price target.
According to Lookonchain's post on December 3, in the past 12 hours, crypto whales have accumulated $6.6 million, equivalent to 269,861 tokens.
X mentioned in a post: 'This whale spent $2.6 million on DEX to buy 107,838 $LINK at a price of $24.1 and withdrew 162,024 $LINK ($4.08 million) from #Binance.'
Market sentiment for this decentralized blockchain oracle network is bullish at 80%, while the remaining participants remain bearish about future predictions.
LINK price prediction is $150.
After the company behind the token collaborated with global financial systems and institutions including Swift and Microsoft, many cryptocurrency traders remain optimistic.
The Global Macro Investor (@ProdDesignerSam) in the X post is one of the traders who believes in the LINK use case and has set the price at $150. He mentioned that this is one of the projects 'publicly supported by banks and billion-dollar institutions to tokenize trillions of dollars in value.'
Chainlink is also a behind-the-scenes player for global financial asset management companies like JPMorgan and UBS, connecting traditional finance (TradFi) with the digital world and tokenizing their assets on the blockchain.
