Chainlink (LINK) has shown significant growth in the cryptocurrency market, rising over 3% in the last 24 hours. Increased institutional interest and new partnerships bolster confidence in the token's future.
Current Achievements of LINK
According to CoinGlass data, open interest in LINK futures has soared to a record $1.5 billion, up nearly 60% since the start of 2025. On-chain data also indicates a significant spike in activity, with 9,625 new LINK wallets created on August 18, the highest daily figure of 2025.
Factors Driving Chainlink's Growth
The main drivers of LINK’s growth are:
1. **Chainlink Reserves Program** - a new system where LINK tokens are purchased on the open market and locked away for years, supporting long-term price growth.
2. **Wall Street Integration** - The Intercontinental Exchange has partnered with Chainlink to bring foreign exchange data on-chain, potentially leading to broader integration in financial markets.
3. **Partnership with SWIFT** - Chainlink is working with SWIFT to facilitate banking operations through a single abstraction layer.
Price Levels and Market Projections
Immediate resistance is expected around $29–31, while support lies near $21–22. Analysts suggest that if LINK can hold at $26, it could push higher into lighter liquidity zones.
Many are asking if LINK can reach $100.
- **Bullish projections** suggest potential highs of $600, though this is seen as overly bullish. - **More realistic targets** suggest $70–$80 this cycle, with $100 possible if adoption accelerates quickly.
In conclusion, the rise of Chainlink is driven by a combination of increased institutional interest and partnerships with major financial organizations, setting a foundation for potential LINK growth in the coming months.
