LINK

In an exchange on X, Ripple‘s Chief Technology Officer (CTO), David Schwartz, also known as JoelKatz, responded to queries about the strikingly similar price movements of XRP and Stellar (XLM). This discussion has brought to light not just the intertwined market dynamics of these two major cryptocurrencies but also the complex factors influencing their valuation. Curious Correlation Between XRP And XLM Schwartz candidly addressed a post by Good Morning Crypto, who highlighted a long-term price chart comparison between XRP and…

As the Consensys 2024 conference commences this week in Austin, Texas, the LINK community is abuzz with anticipation over a potential pivotal announcement from Chainlink in collaboration with SWIFT. Speculations are rife that this announcement, set for May 30 during a session on tokenization, could significantly influence LINK’s market performance. Chainlink And Swift Partnership Going To The Next Level? The session titled “How Swift and Chainlink Are Working Together to Unlock Tokenized Assets At Scale” will take place on the…

Chainlink has marked a major uptick in its price amid growing hype in its tokenization capabilities. CCIP, Data Feeds, and Proof-of-Reserves are some of the solutions Chainlink is deploying to drive the tokenization revolution. Decentralized Oracle network provider Chainlink saw the price of its native token LINK increase by 7% recently amid its tokenization journey. LINK’s rally also follows hype from the launch of eight spot Ethereum Exchange-Traded Funds (ETFs) in the United States. Chainlink’s Role in Tokenizing Financial Markets…

Chainlink’s LINK price is gaining bullish momentum above $16.50. The price could continue to move up if it clears the $17.50 resistance zone. Chainlink price is showing bullish signs and eyeing more gains above $17.00 against the US dollar. The price is trading above the $16.50 level and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance near $16.50 on the hourly chart of the LINK/USD pair (data source from Kraken). The…

Chainlink Labs has expanded its partnership with Arta TechFin to include the issuance of stablecoins and real estate tokens as the race to dominate the $16 trillion tokenization market continues. The two will release a market standard for originating, distributing and custodying tokenized assets across different blockchains in Hong Kong and beyond. Tokenization is emerging as the prime market for blockchain interruption, and several blockchain networks are racing to dominate the market, which studies claim will be worth $16 trillion…

Chainlink is outperforming the general market with whales pushing prices up 35%. Macroeconomic trends might be weighing deep on Chainlink accumulation and pricing. Over the weekend, Chainlink (LINK) saw its price increase by approximately 35% to trade at $16.7. This increase represents a huge achievement for Chainlink and has left investors wondering whether recent whale activities are driving the surge. Whale Scoop Large Portions of LINK According to on-chain data, large investors, often referred to as crypto whales have been…

Keep an eye on Solana (SOL), Fantom (FTM), and Chainlink (LINK) as they exhibit promising trends in the crypto market this week. Explore the latest developments and price movements that position these altcoins as significant contenders in the cryptocurrency landscape. According to a recent update from CNF, the dynamic landscape of the cryptocurrency market showcases various altcoins as they vie for top positions weekly. While Dogecoin, TON, and Galaxy Fox previously captured headlines, this week shifts our focus to Solana…

The post Chainlink Continues its Bullish Streak: LINK Price May Go Higher than 20% This Week! appeared first on Coinpedia Fintech News The token is displaying extreme strength as the bulls seem to have capitulated the rally following a bullish rebound that occurred in the last week. The volume has been consistent, which indicates the growing interest of the traders in the platform. Now that the price has surpassed one of the key resistance levels, a bullish continuation is expected,…

DTCC has announced a new pilot that leverages Chainlink’s technology with ten of the financial industry’s leading players, including JPMorgan and BNY Mellon. Dubbed Smart NAV, it delivers price and rate data on any decentralized ledger, expanding on DTCC’s existing mutual fund service, which serves hundreds of leading financial firms. America’s premier post-trade services company has announced a new pilot that leverages Chainlink technology to offer real-time financial data to hundreds of market participants. The Depository Trust and Clearing Corporation…