LINK Price Roadmap to $100 Remains Intact, Chainlink Reserves Cross 6 Million Coins

LINK price traded near $13.93 after gaining about 5% over 24 hours, extending its September recovery. The token reached an intraday high near $14.18 as trading volume climbed above $870 million.

The move coincided with continued growth in the Chainlink Reserve and renewed attention on its Infosys partnership. Analysts are also watching whether LINK can maintain its recent breakout above the $13.69 area.

Chainlink Price Roadmap to $100 Is Intact

From the September 16 low of $10, the Chainlink price has already gained 40%. Trading volumes have also seen a healthy uptick, which shows that the momentum is likely to continue.

Crypto analyst Crypto Patel said Chainlink (LINK) has gained 90% from the identified entry zone, reaching the first target of $13.69. The analyst’s broader roadmap remains $20, $50 and $100.

The LINK price is now retesting a higher-timeframe trendline that broke down near $12 in January. Crypto Patel said a breakout and sustained hold above the trendline could open the way toward $20, followed by $50 and $100.

A rejection could instead lead to a retracement toward $10, which the analyst identified as a potential re-entry zone.

On the other hand, big market players like Standard Chartered are already bullish on Chainlink for the long term. As per the analysts there, the LINK price is likely to reach $200 by 2030.

Chainlink Reserve Surpasses 6 Million LINK, CCIP Secures $82.39 Billion

Apart from the strong LINK price rally, Chainlink fundamentals have also been improving. So far in September, Chainlink added 373,791 LINK, worth more than $4.3 million. As a result, its total LINK holdings have now crossed 6.04 million. The Reserve converts off-chain revenue from enterprise clients and on-chain fees generated through service usage into LINK.

The Reserve held 3.06 million LINK at the end of Q1, meaning its holdings have nearly doubled over the past six months. Meanwhile, Chainlink’s Cross-Chain Interoperability Protocol (CCIP) now secures $82.39 billion worth of cross-chain tokens. This reflects its growing role in the cross-chain infrastructure.

Chainlink Address Activity Jumps After Infosys Deal

In the latest development, Chainlink announced its partnership with Indian IT giant Infosys, whose banking platform supports 1.7 billion accounts. Together, both these players will help banks connect their existing systems to blockchain-based markets using LINK infrastructure.

The partnership adds Infosys to a growing list of major institutions associated with Chainlink, including Swift, UBS, Mastercard, and DTCC. Moreover, this announcement led to a quick surge in LINK address activity.

Researchers at Santiment noted that although this partnership drew attention, the announcement named no specific bank and provided no timeline. On-chain data showed 1,344 new LINK addresses that day.

The September 22 figure was approximately 19% above the monthly average. Since August 1, only 11 days recorded higher address growth, with the peak of 1,929 new addresses occurring on August 21.

This article is for informational purposes only and does not constitute financial or investment advice. Analyst price targets are projections and may not materialize.