The cryptocurrency market has failed to gain any ground on a stagnated market this month. However, things could be set to change for one asset placed firmly within the top 15 cryptos by market cap. Indeed, Chainlink may get a surprising boost from the US Securities and Exchange Commission (SEC) as LINK eyes 26% upside in April.
The token is among the most interesting, as it has shown immense potential since the start of the year. Moreover, it could be set to get a notable boost from regulatory action that the government agency has embraced for much of 2025 so far. The question is, just what will that jump look like?
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Chainlink Could Get Boost From Unlikely Source as LINK Eyes Turnaround
It has been a rather uneventful month for Chainlink so far. Indeed, the asset ended the week neutral while dropping more than 13% over the last 30 days, according to CoinMarketCap. Moreover, it is down 7% compared to this time last year, as the asset is trading at the $12.50 level.
That could be set to change, and for a rather surprising reason. Indeed, Chainlink may be set to get a boost from the SEC as LINK faces 26% upside for the remaining weeks of April. Indeed, the agency’s favorable regulation could push the 12th-largest crypto up before May arrives.
Also Read: Chainlink (LINK) to $20? Experts Eye Bullish Turn Amid 4% Drop
According to a post to X (formerly Twitter), Chainlink officials met with the SEC’s Crypto Task Force twice last month. Specifically, they met to discuss the nation’s regulatory outlook. Moreover, its involvement could position it well to benefit as that regulatory action begins to actualize in the coming months.
The development fuels what have already been bullish perspectives of Chainlink’s 2025. According to crypto price prediction platform CoinCodex, LINK is expected to reach $15.97 before April concludes. Indeed, that is 27% above where it currently stands and would be a strong reversal from its recent stay at the asset’s $12.50 support.
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