Chainlink, the biggest blockchain oracle network in crypto, has overthrown Dogecoin (DOGE) as the 11th-largest cryptocurrency on the market. 

Chainlink 是加密领域最大的区块链预言机网络，它已经取代狗狗币 (DOGE)，成为市场上第 11 大加密货币。

LINK has risen by over 6% today and 34% in a week, becoming the highest gainer in the market today. As part of the price increase, LINK crossed the $19 mark today for the first time since FTX’s collapse in 2022.

LINK今日涨幅超6%，一周涨幅34%，成为今日市场涨幅最高的股票。作为价格上涨的一部分，LINK 自 2022 年 FTX 崩溃以来首次突破 19 美元大关。

There is also a notable correlation between the altcoin’s market movement and its trading volume, as LINK’s trading volume was boosted nearly 100% today, according to data from CoinMarketCap. 

根据 CoinMarketCap 的数据，山寨币的市场走势与其交易量之间也存在显着的相关性，因为 LINK 的交易量今天增长了近 100%。

LINK’s market movements

LINK的市场走势

From a technical perspective, LINK has broken out from a horizontal trading range that had been in place for nearly 90 days. This breakout ended an 85-day consolidation period below resistance, propelling the price to over $19.75, its highest in over two years.

从技术角度来看，LINK已经突破了近90天的横向交易区间。此次突破结束了 85 天的阻力位下方盘整期，推动价格升至 19.75 美元以上，为两年多以来的最高水平。

LINK’s Relative Strength Index (RSI) is also significantly low, at 14, which suggests a further bullish momentum could be anticipated, followed by a period of corrections. 

LINK 的相对强弱指数 (RSI) 也明显较低，为 14，这表明可能会出现进一步的看涨势头，然后是一段调整期。

You might also like: BlackRock and Fidelity’s Bitcoin ETFs break into top 10 with $4.8b January inflow

您可能还喜欢：贝莱德 (BlackRock) 和富达 (Fidelity) 的比特币 ETF 凭借 4.8 亿美元的 1 月份资金流入跻身前 10 名

An RSI of 14 is considered to be highly oversold. The RSI is a momentum indicator used in technical analysis that measures the speed and change of price movements on a scale from 0 to 100. Typically, an RSI below 30 indicates that an asset is in oversold conditions, suggesting that it may be undervalued and could be due for a reversal or corrective rally as sellers may have exhausted their positions, leading to potential buying opportunities.

RSI 为 14 被认为是高度超卖。 RSI 是技术分析中使用的动量指标，以 0 到 100 的范围衡量价格变动的速度和变化。通常，RSI 低于 30 表明资产处于超卖状态，表明该资产可能被低估，并且可能会下跌。由于卖家可能已经耗尽头寸，因此可能出现逆转或修正性反弹，从而带来潜在的买入机会。

However, while an extremely low RSI can indicate the potential for a price increase, it is not a guarantee.

然而，虽然极低的 RSI 可以表明价格有上涨的潜力，但这并不能保证。

On the fundamental side, Chainlink has focused on significant upgrades and expansions into traditional finance (TradFi) and real-world assets (RWA). The launch of the Cross Chain Interoperability Protocol (CCIP) and the expansion of Chainlink Data Streams and Chainlink Functions aim to enhance the network’s utility and adoption across various chains and assets.

从基本面来看，Chainlink 专注于传统金融 (TradFi) 和现实世界资产 (RWA) 的重大升级和扩展。跨链互操作性协议（CCIP）的推出以及 Chainlink 数据流和 Chainlink 功能的扩展旨在增强网络在各种链和资产上的实用性和采用率。

This strategic push towards integrating with the capital markets and bolstering transparency and efficiency in the valuation of underlying assets is likely contributing to the positive market response. 

这种与资本市场整合以及提高基础资产估值透明度和效率的战略推动可能有助于市场的积极反应。

Read more: Canadian crypto platform Einstein Exchange was Ponzi scheme, says local regulator

阅读更多：当地监管机构表示，加拿大加密货币平台 Einstein Exchange 是庞氏骗局