Chainlink surged 13% this week even as bitcoin fell 3.2% and the broader crypto market shed hundreds of billions of dollars in value. The rally follows a Standard Chartered forecast projecting the token to reach $200 by late 2030. Other mid-cap tokens, including World Liberty Financial and Worldcoin, posted similar double-digit gains during the same drop.
Chainlink climbed 13% this week, one of the few tokens to counter a broad selloff that dragged down bitcoin and most altcoins. The gain follows a Standard Chartered forecast projecting the token to hit $200 by late 2030.
World Liberty Financial (WLFI) led mid-cap gainers with a 15% rally. Worldcoin and OKB also gained, rising 11.4% and 10.9% respectively. Hyperliquid climbed from $54.73 to $57.90 over six days.
Bitcoin tumbled from over $65,000 to close just above $63,200, a roughly 3.2% weekly loss. It briefly dropped below $62,500 on Aug. 14 before rebounding.
The decline alone wiped out more than $30 billion in bitcoin's market capitalization. The crypto market's total valuation fell from nearly $3 trillion on Aug. 10 to $2.22 trillion by Aug. 16. XRP also dipped below $1 during the week, and Cardano fell 10.6%, the steepest decline among top-tier tokens.
Source: Bitcoin News
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