According to data from CryptoCompare, around 19:30 UTC on Monday (July 6), decentralized oracle network Chainlink’s LINK token started a rally that saw it race from $4.876 — it’s previous all-time high (ATH) — to $5.40 (a new ATH) in just one hour.

And the rally did not stop there: by 05:40 UTC on Tuesday (July 7), Chainlink had managed to set another ATH when the price got to $5.643, as you can see in the 24-hour BTC-LINK price chart shown below:

24 Hour CC Chart for LINK-USD on 7 July 2020.png

One Chainlink fan found an interesting way to express LINK’s latest achievement:

It’s notable that LINK went above the $5.40 level for the first time on July 6, one day after on-chain market intelligence startup Glassnode said that on July 4 it had seen a daily net transfer volume of more than $16 million USD worth of $LINK to Binance wallets, which caused some commentators to fear that some whales could be getting ready to dump some of their LINK holdings, which could have had a negative impact on the LINK price.

Yesterday, two hours after the Chainlink token reached $5.38, crypto-focused behavior analytics startup Santiment commented on LINK’s latest price action:

It is also worth pointing out that LINK managed to set a new ATH yesterday on large volume. According to CryptoCompare, in the past 24-hour period, Chainlink, the 12th most valuable cryptoasset by market cap, has had the third highest trading volume (in USD) after Bitcoin and Ethereum with 8.06 million LINK tokens traded ($42.84 million).

For the year-to-date (YTD) period, LINK’s return on investment (ROI) against USD is +220%.

Of course, it is impossible to predict where Chainlink’s token will go from here (although Chainlink’s most fervent fans would not be surprised at all if LINK crosses the $10 level before the end of this year), but it’s easy to understand investors’ optimism when the Chainlink keeps announcing 2-3 new partnerships almost every week.

Here are three of the latest projects to announce integrations with Chainlink: