Fulamak! Why Is LINK Suddenly Skyrocketing Crazy High?

<p>&nbsp;"Wow, the increase in the price of LINK is not normal, it seems that it can break through $20 right now?"</p><p><br /></p><p>After hovering between $17 and $13 for a long time, the price of the cryptocurrency Chainlink (LINK) finally managed to climb up to $18.85 last Friday to reach the highest level since April 3, 2022.</p><p><br /></p><p>Over the years, LINK has emerged as an important component of the infrastructure of the crypto industry that connects the blockchain with data from the outside through its predictions including various partnerships.</p><p><br /></p><p>LINK's blockchain agnostic infrastructure not only ensures compatibility with different blockchains but also facilitates the smooth and secure transfer of coins from one blockchain to another.</p><p><br /></p><p><br /></p><p>According to LINK earlier in the week at X, only its platform can provide all the demands of traditional financial institutions that require data, computation and cross-chain capabilities to adopt blockchain and real-world assets (RWA) tokens at scale.</p><p><br /></p><p>K33 Research analysts said LINK is the safest way to profit from RWA tokenization that allows assets such as gold, stocks and real estate to trade as digital tokens on the blockchain, where it is expected to be worth $16 trillion by 2030.</p><p><br /></p><p>Please note that the dollar value locked in the number of open futures contracts tied to LINK has more than doubled to a record $490 million while in terms of crypto, open interest is 62% of LINK's 27.51 million.</p><p><br /></p><p>The increase in open interest represents the influx of new money into the crypto market and the rise in price alongside the rise in open interest is said to confirm the trend.</p><p><br /></p><p>As of this writing, LINK price jumped by 0.36% to $17.99 in the last 24 hours with a market cap of $10 billion and recorded a 23.03% increase over the last week.</p>