In the last few trading sessions, Chainlink (LINK) has shown immense strength as it gained 12% against the US dollar to surpass $9.00 for the first time in its multi-year history.
At the time of writing, LINK is trading at $9.55, with weekly gains of 36.02% and monthly gains of almost 100%.
Recent data from blockchain analytics firm Santiment indicates that there has been an uptick in LINK trading volumes and social sentiment amid the ongoing price surge, meaning that Chainlink still has room to rally.
In the meantime, analysts are attempting to piece together what comes next for the popular altcoin after it broke through a new all-time high while Bitcoin remains relatively stagnating in bullish zones.
LINK Prices Untapped Despite Zeus Capital Report
An exciting facet of the recent LINK move pertains to Zeus Capital, a research firm that publicly went short on the digital asset about a month ago.
On July 31st, the company released a new report echoing its earlier stance that Chainlink is a massive pump and dump scheme.
In its continued attack on LINK, Zeus Capital now claims that the over 140 partnerships announced by Chainlink so far are an exaggeration while going as far as to accuse the LINK project of being created to enrich its founders.
Since the latest Zeus report went public, LINK prices have continued to climb higher and higher.
Zeus Capital’s attempt to short-sell LINK with a target price of 7 US cents seems to have backfired horribly, with the crypto community fighting back against Zeus’s prediction by encouraging fellow crypto enthusiasts to accumulate Link tokens over the past weekend.
Meanwhile, the team behind Chainlink still remains silent in public about a controversial campaign run by Zeus Capital that has intensified its efforts with yet another damaging report.
Chainlink’s New Partnership is Significant to Its Prices
As we reported yesterday, Chainlink (LINK) has gained massively to move to 9th in crypto rankings while eclipsing Binance Coin (BNB) and Crypto.com Coin (CRO) in the process.
This surge coincided with Chainlink’s new partnership, which led many to conclude that the deal could be one of the reasons why the price is increasing.
On August 3rd, 2020, Provide Technologies unveiled a new partnership with Chainlink. The deal now enables a new class of use-cases for enterprises by way of the Baseline Protocol via integration of Chainlink’s oracle services into the Provide API.