Chainlink, an Oracle service provider, has moved significantly, rising 6% in the last day while bucking the border market slump. As of publication, the price of Chainlink (LINK) is 5.84% higher at $18.21. Its market value is $10.6 billion, and its daily trading volume has increased by 132% to $850 million.
Link Price Sees Gains of 150%
The price of Link has strongly recovered, and analysts predict potential gains of 150% to 300%. This is a critical support level.
In his analysis of Link’s recent performance, cryptocurrency analyst Michael van de Poppe said, “Chainlink woke up from the crucial area of support.” There will probably be more of the same, and the low is in. I wouldn’t be shocked if prices increased by 150–300% at this time.
Chainlink and SWIFT Coexist in Space
The bullish feelings among LINK holders and supporters following the news that Chainlink and international payments platform Swift would be co-presenting at this week’s Consensys conference in Austin, Texas, has caused the current increase in cryptocurrency.
According to Link, this partnership, which started last fall, has shown that “existing infrastructure can merge with the new world of blockchains.” With the historic approval of Ethereum exchange-traded funds (ETFs) over the weekend, project co-founder Sergey Nazarov voiced hope for Ethereum and digital assets, saying this is “really just the beginning.”
With a recent announcement showcasing network enhancements across nine distinct blockchains, including Ethereum, Arbitrum, Polygon, and Base, Link has demonstrated substantial development.
Furthermore, earlier this month, the most extensive clearinghouse and settlement organization in the United States, the Depository Trust & Clearing Corporation (DTCC), announced that it would be utilizing Chainlink’s cross-chain interoperability protocol as part of a tokenization pilot program with Wall Street heavyweights JP Morgan and BNY Mellon. Wall Street banks were able to make mutual fund data accessible on public networks thanks to this Smart NAV pilot program.
The cryptocurrency investment company 21Shares highlighted Chainlink in its most recent weekly research bulletin, hailing it for “revolutionizing the realm of tokenization.” The company acknowledged that Chainlink enabled over $10 trillion in transactions and over 2,000 projects involving 22 distinct networks.
