This summary text is fully AI-generated and may therefore contain errors or be incomplete.
Chainlink (LINK) has been experiencing significant growth in the past two months, with analysts predicting further gains. The cryptocurrency’s native token, LINK, has doubled in price during this period. On October 19, LINK was trading at $7.3617, but it has now reached $14.79, a 200% increase. The token has found strong support at $13.16, with investors pouring in $177 million to acquire 12.4 million LINK tokens at this price. This support level indicates that these investors are unlikely to sell their tokens at a lower price, providing stability for the token. Additionally, Chainlink recently launched a new version of its staking program, which has attracted significant interest. The upgraded version offers greater flexibility for node operators and improved security guarantees for oracle services. Despite these achievements, Chainlink’s founder, Sergey Nazarov, believes that the network still has a long way to go, as new data and computing needs continue to emerge.