- LINK goes ballistic amid slow-moving altcoins.
- Chainlink’s partnership with SWIFT might have added to market optimism.
The LINK price spikes by more almost ten percent, reaching its highest level since August
Chainlink (LINK), now the 15th largest coin with the current market value of $900 million has been outperforming other top altcoins recently. The coin has been growing during at least five days out of ten and gained nearly 38% in recent seven days. At the time of writing, LINK/USD is changing hands at $2.68. LINK is most actively traded on Finance and Coinbase.
What’s behind the stellar growth
The recent news about Chainlink working with SWIFT on a new payment system might have served as a key trigger for LINK’s growth.
While rumors about LINK’s partnership with SWIFT circulated for years, the information about the partnership was added on the official website of the project only now.
Some crypto twitter experts compare LINK’s momentum with Bitcoin’s price growth from December 2018 lows. If this pace is sustained, LINK/USD may hit $3.00 in the nearest future. It remains to be seen if these forecasts are true to life.
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