In the past month, Oracle service provider Chainlink (LINK) has exhibited remarkable performance among alternative coins, amassing gains of nearly 90%.
At this time, the price of LINK is approximately $15, and its market cap is around $7.9 billion.
Chainlink Whale Accumulation
In the past two days, the 200 largest chainlink whales have added enormous quantities of LIBK coins.
Meanwhile, they reportedly began accumulating 100% LINK before the commencement of the price surge.
Returning to October 17th, when #Chainlink traded below $7.40, on-chain data provider Santiment reported that the 200 largest wallets rapidly accumulated an additional 40.18M $LINK.
The asset subsequently experienced an extraordinary increase of 125% over a period of 25 days and is presently stable at $14.60.
Since then, the holdings in these wallets have remained at elevated levels.
Following a substantial price increase in early November, Chainlink has experienced a period of volatility over the past week.
The LINK price has decreased by 5.09% over the past 24 hours and is currently trading near $14.30.
Ali Martinez, popular crypto analyst, stated that Chainlink seems poised to emerge victorious from a bullish flag pattern!
#Chainlink could be breaking out from a bull flag! We could see a retest of the breakout zone around $14 before $LINK marches toward $20!
Looking to trade this #LINK setup? Head over to @bytradeio and sign up using the promo code 65947196 here: https://t.co/YHJXZCMpLS pic.twitter.com/LQm9xP5MyP
— Ali (@ali_charts) November 19, 2023
A possible development would be a retest of the breakout zone near $14, enabling Chainlink ($LINK) to progress toward the $20 level.
Chainlink has been bestowed an “A-” rating by the crypto rating agency Weiss Crypto amidst recent events.
LINK is the only cryptocurrency besides Bitcoin to have received an “A” rating from Weiss.
SWIFT and Chainlink Partner to Transfer Tokenized Value
Swift’s effective partnership with Chainlink and more than 12 reputable financial institutions demonstrated how CCIP facilitated the secure and efficient transmission of tokenized value across public and private blockchains.
Additionally, Chainlink served as an enterprise abstraction layer in this collaboration, securely connecting the Swift and Ethereum Sepolia networks.
The Cross-Chain Interoperability Protocol (CCIP) implemented by Chainlink was instrumental in guaranteeing full interoperability between the source and destination blockchains.
Swift’s successful collaboration with #Chainlink and 12+ leading financial institutions demonstrated the ability to transfer tokenized value efficiently and securely across public and private blockchains using CCIP.
The onchain future for RWAs ⬇️https://t.co/yUzMZqCvSe pic.twitter.com/ye1Y0lASdb
— Chainlink (@chainlink) November 21, 2023
This accomplishment, which Swift achieved in collaboration with prominent financial institutions and market infrastructures, demonstrates the company’s capacity to provide a centralized access point to numerous networks by leveraging pre-existing secure infrastructure.
This methodology substantially diminishes operational obstacles and the financial commitment necessary for institutions to advance tokenized assets.
Staking v2.0 was recently introduced, as announced by Chainlink.