Chainlink Token Surges 10%, Eyes on $14.50-$15 Price Range

Chainlink's token price has surged more than 10% over the last 24 hours, with trading volume exceeding $503 million and derivatives open interest reaching $696.89 million.

The digital asset's price jumped 7.06% within a half-hour timeframe to reach $13.308, marking a 10.83% increase over 24 hours.

Market analyst Michaël van de Poppe (@CryptoMichNL) expressed confidence in LINK's momentum continuing, suggesting a probable advance toward the $14.50, $15 price range in the near term.

In another development, Wyoming’s FRNT stablecoin has implemented Chainlink Proof of Reserve technology, enabling real-time, on-chain transparency of the collateral backing the stablecoin.