Chainlink's LINK Surges 60% to Hit 7-Month High as New Partnerships Boost Investor Optimism

Chainlink's LINK token surged 61% from Oct 20-25, reaching its highest price since May 2022. This coincided with BTC's 23% gain but outperformed other major cryptos.

Recent Chainlink partnerships and integrations with blockchain networks like Advanced Crypto Strategies DAO and telecom giant Vodafone have fueled LINK investor optimism.

Concerns around potential liquidations from FTX/Alameda bankruptcies have dissipated as transfers have been gradual with minimal price impact.

Active Chainlink addresses hit an 11-month high per Messari and Coinmetrics data. Previous peak was in November during FTX exchange issues.

Developments in Chainlink's ecosystem and advancements in its upcoming native staking solution are promising for LINK despite prior major price declines.