In the past 24 hours, Chainlink (LINK) has risen by 5.84% to $18.21, defying a broader market downturn.
Over the 24 hours, the Oracle service provider Chainlink has made a powerful rise, defying the drop that has occurred in the border market and gaining 6%. Chainlink (LINK) currently trades at $18.21, representing a 5.84% increase from its previous price.
The market value of the cryptocurrency is currently at $10.6 billion, and its daily trading volume has increased by 132%, reaching $850 million. As a result of the significant rebound in Chainlink’s price, critical support levels have established themselves, and experts anticipate gains in the future that could range from 150% to 300%.”
Chainlink Shares Space With SWIFT
Chainlink woke up from the crucial area of support,” said Michael van de Poppe, a crypto expert, in a statement where he expressed his thoughts on Chainlink’s recent performance. The low point has arrived, and it is highly likely that there will be a continuation.
Given the current state of affairs, I would not be surprised if the price were to grow by 150–30%.Following the revelation that LINK will be co-presenting with Swift, an international payments platform, at this week’s Consensys conference in Austin, Texas, the recent spike in Chainlink’s value is likely the result of strong feelings among holders and advocates of the LINK cryptocurrency.
This collaboration, which began in the fall of last year, has proven that existing infrastructure can merge with the new world of blockchains, as stated by Chainlink. Sergey Nazarov, one of the project’s co-founders, also voiced excitement over the weekend regarding Ethereum and digital assets.
This optimism came in response to the historic acceptance of Ethereum exchange-traded funds (ETFs), which he described as “really just the beginning”. LINK has demonstrated substantial success, as evidenced by the recent announcement that it highlighted the achievements that its network has made across nine distinct blockchains, including Ethereum, Arbitrum, Polygon, and Base.
Additionally, earlier this month, the Depository Trust & Clearing Corporation (DTCC), which is the largest settlement and clearinghouse in the United States, made an announcement regarding its utilization of Chainlink’s cross-chain interoperability protocol as part of a tokenization pilot. Wall Street giants J.P. Morgan and BNY Mellon collaborated on this.
Wall Street firms gained access to mutual fund data on public networks through this experimental program, known as Smart NAV.21Shares, a cryptocurrency investment business, highlighted LINK in its most recent weekly research report, applauding the company for “revolutionizing the realm of tokenization.” According to the company, Chainlink was responsible for processing transactions totaling more than ten trillion dollars across more than two thousand projects connected to twenty-two separate networks.