• Chainlink (LINK) is gaining ground in a fear-dominated market, though its ascendancy is not without struggle.
• Analytics indicate that past events are still dictating LINK’s price movement, however, future allure still holds.
• Mediums of association illustrate that Chainlink follows market’s heartbeat and simultaneously combats its darkness.

The market behaves like a very slow tide. It gradually rises and slowly recedes. However, Chainlink is still standing firm like a rock on the beach. Currently, Chainlink is priced at $13.49, with a vigorous 24-hour trading volume of $937.38 million and a market capitalization of $9.40 billion. Its market share of 0.30% might appear to be insignificant, but the coin has experienced much higher days.

In May 2021, LINK reached its highest price ever of $52.89. It was at that time completely exposed to the sun. After that, it was in darkness totally as it went down to $0.1263 during September 2017. The whole period between these two situations can be marked as the long story of a coin which was created by a mix of optimism and difficulties.

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Chainlink and Weight of Market Cycles

LINK has experienced quite a ride, going down to as low as $4.96 and then reaching heights of $30.69, indicating that cycles are inevitable, but at the same time, they do not last for ever. At the moment, the market is in a negative mood, and the Fear & Greed Index is at 15, which is in the Extreme Fear category.

Nevertheless, the price still went up by 4.02% in the last 24 hours. Fear in the market might be a reason for price decline in some cases. In contrast, it may cultivate conviction in others.

Chainlink has a total of 696.85 million LINK in circulation out of a maximum total supply of 1 billion LINK. The network experienced a 11.17% inflation rate during the year, which resulted in about 70 million new tokens being released.

Nevertheless, it continues to prosper in different areas. Its current position is #2 in DeFi coins, #1 among AI cryptocurrencies, #1 in the gaming sector, #1 in the privacy coins category, and also holds strong positions across all major ecosystems from Ethereum to Solana. There are very few assets with such a large movement range.

Chainlink, Correlations, and the Road Ahead

Historically, the year 2020 is recorded as the best year for the coin when it skyrocketed 536% while the year 2022 is recorded as the worst year of the coin when it plummeted 71.5%. Chainlink has been growing annually at a rate of 177.66% on average throughout the nine years of existence.

The second quarter in most cases is the time of the strongest shifts, with approximately 62% increase in gains. The fourth quarter, on the other hand, has a tendency to be cooler.

$1 billion was the volume of money that moved in one day through almost 166 exchanges where traders were dealing with LINK. The forecasts indicate a gradual and constant rise, up to $14.28 by December 26, 2025, and to $13.01 next week if the momentum is maintained.

Chainlink’s price shifts track the closest with that of Dogecoin, ONDO, CRV, PEPE and KAIA, and it frequently goes in the opposite direction of Bitcoin Cash, FTN, WLFI, XDC, and AB. The ties it has with the leading market currencies are about 0.73, a clear indicator that LINK lives the life of the broader market, not that of a recluse.

The crypto ocean is vast. The climatic conditions are severe. But Chainlink is still a ship that has the right direction; it is even-mannered at times when the wind becomes gusty.

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