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#加密市场反弹 As the market Rebound, Chainlink pump 25%
This week, U.S. President Donald Trump is expected to announce the Bitcoin reserve strategy at the first White House cryptocurrency summit in the United States. On Wednesday, various cryptocurrencies also saw a significant Rebound. Cardano ADA and Pi are among the currencies with the largest gains, but compared to Chainlink, they both pale in comparison, with LINK seeing a Rebound of up to 25%, leading the market recovery. According to CoinMarketCap, the token's gain in the past 24 hours has stabilized at around 11%, reversing the 22% decline in the past 30 days.
One important reason for its pump is the increase in whale activities in February. In fact, the top 1,000 Chainlink addresses added value to their portfolios with 2 million LINK worth $30 million. In addition, the growing investment in asset classes has sparked hopes of an imminent market breakthrough. Michael Saylor's Strategy and Metaplanet have resumed their plans to buy Bitcoin. This may boost some confidence among traders.
The question now is, what will be the next step for chainlink? According to the data from CoinCodex, a cryptocurrency price prediction platform, LINK is expected to reach a high of $18 by the end of March. Next month, this number will increase further, with an estimated growth of 45%, reaching a high of $23.