Chainlink (LINK) Soars Past XRP After Sharp Rally
On Wednesday, Dec. 3, Chainlink’s LINK staged a sharp rally, posting sizable intraday gains that left XRP behind in daily performance metrics. The move drew attention across spot and derivatives markets as traders rotated into LINK, briefly lifting trading volumes and sparking chatter about renewed momentum for oracle-focused projects.
Market observers say the surge underscores growing interest in oracle services and their role in DeFi, though they caution that catalysts remain mixed and volatility can persist after large moves. For investors and traders, the episode highlights a shifting focus among large altcoins and could influence short-term flows and portfolio allocation decisions as participants watch for confirmation or profit-taking in the sessions ahead.