The overall crypto market had been bearish after 2021 and every crypto lost a significant amount of price in USD till 2024. When chainlink was launched it was the only Oracle solution provider but now there are others competing in the same space such as Band protocol and etc. The adoption rate is not that good and that might be the main reason why the price of their token is not going upwards. From my point of view I will keep a neutral stance for LINK as I still don’t see any news that could increase its demand.

yes the price of the project is quiet an positive factor in order to invest in it but the reality is that it should have many more things in the base in order to gain the attention of investors. Price can be manipulated a little by the market condition but if a project has good fundamentals then it’s price can be justified.

The price partly reflects their progress. With LINK, I think there are too many articles analyzing the potential and capabilities it creates in the crypto space. The proof of its position in the crypto space is always appreciated, but anyway, when talking about the technology it is dealing with, there are almost too many things and almost investors are not too concerned about it. This story, is simply that the investment money has seen appear with profits.

IMO LINK still has a low valuation with what it is showing, not simply that in this uptrend there is not much being shown but perhaps the race is going on it is still the highlight It has received the attention of many whales and newbies because of its price increase.