Chainlink

The cryptocurrency market witnessed severe bearish pressure over the past week, and the price of Chainlink (LINK) wasn’t an exception. The altcoin has continued to struggle with its torrid form, losing nearly 10% of its value in the last seven days. Interestingly, the bears seem to still be in control at the moment, with the latest on-chain revelation suggesting that there might be further downside for the LINK price over the next few days. Are Chainlink Investors Offloading Their Assets?…

The post Chainlink (LINK) Price Dips, But Analyst Bullish on 150% Rally appeared first on Coinpedia Fintech News The crypto market has been tough for Chainlink (LINK) this month, with its value dropping by more than 5% today. Despite being one of the top 15 cryptos with a market cap of $8.13 billion, LINK’s price has struggled to reach its all-time high of $52.88.  However, prominent crypto analyst Michael van de Poppe has pointed out a potential 150% rally ahead…

zenGate integrates Chainlink to enhance blockchain-based trade finance with on-chain traceability and transparency. Chainlink’s infrastructure accelerates ZenGate’s real-world asset tokenization, expanding its impact in emerging markets. zenGate Global announced a huge move by integrating Chainlink’s decentralized oracle and tokenized real-world asset (RWA) infrastructure into its international blockchain-based platform for commodities and trade finance. Using Chainlink’s cutting-edge technologies together with the blockchains of Ergo and Cardano, this strategic integration seeks to improve zenGate’s tokenization and traceability solution, Winter Protocol. .@ZengateGlobal is…

Chainlink and DTCC have launched a pilot program tagging along other 10 financial institutions bringing fund data on-chain using Chainlink’s Cross-Chain Interoperability Protocol (CCIP). The pilot program is poised to unlock a new era of efficiency, security, and innovation in the financial sector. The financial sector is at the apex of a transformative shift with the groundbreaking launch of the pilot program. Chainlink, a decentralized blockchain oracle network has joined forces with Depository Trust & Clearing Corporation (DTCC), the world’s…

Data from Spot on Chain posted on X (Twitter) suggests that TRON Founder, Justin Sun transferred $35 million worth of cryptocurrency towards Binance during the past week, distributed across a total of 12 different tokens. These primarily consisted of DeFi assets, suggesting Sun has the objective of providing liquidity to Curve Finance. As a result, interest in diversification was raised by traders, and three altcoins that have seen the highest interest include Polkadot (DOT), Chainlink (LINK) and Rollblock (RBLK). To…

Bitcoin reserves promoter dlcBTC has integrated Chainlink to boost cross-chain capabilities. dlcBTC empowers Bitcoin holders to unlock the potential of DeFi while retaining control of their assets. Chainlink, a leader in decentralized oracle networks has thrown its support behind DLC.Link with its cross-chain capability to enhance dlcBTC adoption. DLC.Link has also integrated Chainlink’s Proof-of-Reserve (PoR) on Arbitrium mainnet to improve the transparency of the reserves backing dlcBTC. DLC.Link Integrates With Chainlink As revealed in a blog post, the integration of…

After a period of consolidation, Chainlink (LINK), the oracle network powering decentralized applications (dApps), is exhibiting signs of a potential breakout. This bullish sentiment comes amidst a broader recovery in the cryptocurrency market, with Bitcoin regaining its footing above the crucial $65,000 support level. Technical Indicators Look Verdant Renowned crypto analyst Jonathan Carter is among those betting big on LINK’s future. Chainlink’s price structure is forming a bullish pattern, Carter remarked, pointing to the token’s recent rebound from the middle…

Chainlink CCIP and Automation are now operational on Gnosis, offering robust tools for secure and efficient blockchain development. The integration supports the creation of scalable applications, driving forward the adoption of blockchain technology. The GnosisChain blog recently announced a significant development: the integration of Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and Automation services. This upgrade significantly enhances the toolset available to developers on the Gnosis platform, facilitating the creation of advanced and secure blockchain applications. Chainlink recently took to Twitter to…

The post Analyst Weighs In: Should You Invest $1000 in Ethereum or Chainlink? appeared first on Coinpedia Fintech News Most blue-chip cryptocurrencies, apart from Bitcoin and Solana, have faced challenges in 2024. However, this changed with the surprising approval of several Ethereum ETFs by the SEC. This approval has improved sentiment in the altcoin market, although returns remain modest. Analyst Altcoin Buzz has now discussed allocating $1,000 between Ethereum and Chainlink.  He explored the bullish case for Chainlink, explaining its…