Chainlink price experienced a significant rally for four consecutive days, reaching a high of $12.97. This surge was largely driven by BlockTower Capital's initiative to purchase DeFi tokens, sparking investor interest and increasing overall inflows into Chainlink.
The rise in price represents a 60% jump from its August lows, signaling a strong upward trend. The data suggesting rising inflows has further bolstered investor confidence, with speculations of a potential 50% surge in the Chainlink price as investors anticipate continued growth.
The market's positive response to BlockTower's purchases highlights the influence of large institutional moves in the crypto space. Such activities can serve as a catalyst for price increases, drawing more attention to specific tokens and potentially leading to substantial gains.
