As the altcoin market witnesses a resurgence in activity, tokenized real-world assets (RWA) are worthy of your attention as a trader.
Chainlink has performed a lot better against Bitcoin, with LINK outperforming the leading crypto asset by 8.8% during its latest surge.
Chainlink is projecting that the tokenized asset market will explode to a value of $10 trillion by 2030. This comes as asset managers and wealth advisors keep getting increasingly pressured by clients to offer exposure to crypto.
While cryptocurrencies target robust recoveries, decentralized oracle platform Chainlink (LINK) looks to explode following its latest price breakout. Santiment reveals that massive whale accumulations drove LINK's prevailing revival. Large-scale investors have consistently purchased the tokens in the last six weeks, buying over 8.5 million Chainlink coins.
Chainlink's price is gaining strong upward momentum as its trading volume sees a significant surge.
Chainlink's elevated development activity, compelling tokenization narrative, and technical indicators suggest that LINK may be poised for further gains.
Chainlink (LINK) price has recently witnessed a notable surge, signaling a potential for further upward momentum. The cryptocurrency's resurgence aligns with a broader market recovery, offering positive signs for future growth.
Chainlink whales are once again on the move in what seems to be a general reawakening. Large transactions on the blockchain network have ballooned recently, alongside a drastic increase in active addresses, hinting at a notable development.
Chainlink continued its strong comeback, rising for two consecutive days and reaching its highest point in over four weeks. Chainlink (LINK )jumped to $12.
Despite current crypto market volatility, Chainlink projects rapid growth in tokenized assets, driven by institutional demand and regulatory advancements.
With 19 out of 20 assets in the green, the index posted a 1.4% gain.
The cryptocurrency market is currently valued at $2.24 Trillion with a jump of 0.68% in the past 24 hours. Moreover, the altcoin leader, Ethereum price has reclaimed the $2.6K mark. This highlights a positive outlook for the altcoin market in the coming time. With this, ETH-based tokens have recorded a similar trend.
Chainlink price is gaining traction and is slowly headed toward a potential breakout level. Besides the overall crypto market recovery, Chainlink has been working hard to secure integrations.
In this way, anyone will be able to verify on-chain, even in an automated manner, the state of the reserves of this wrapped Bitcoin.
21.co integrates Chainlink Proof of Reserve for 21BTC increasing transparency on Solana and Ethereum blockchains.
The integration comes as other Bitcoin wrappers face scrutiny for custody practices.
The integration comes as other Bitcoin wrappers face scrutiny for custody practices.
21.co, the parent company of asset management firm 21Shares, has integrated Chainlink Proof of Reserve on the Ethereum and Solana mainnet to bolster transparency of its wrapped Bitcoin product, 21BTC, according to a Sept. 23 statement.
21.co, the parent company of 21Shares, has integrated Chainlink's Proof of Reserve on Solana and Ethereum to increase transparency for its Wrapped Bitcoin 21BTC.
21.co, the parent company of crypto exchange-traded products issuer 21Shares, has integrated the Chainlink Proof-of-Reserve to enhance the transparency of its wrapped Bitcoin. According to a press release on Sept.
TL;DR 21.co has integrated Chainlink Proof of Reserve on the Solana and Ethereum mainnets to enhance the transparency of its Wrapped Bitcoin (21BTC). 21BTC, launched in May 2024, is a native token fully backed 1:1 by Bitcoin reserves, which are held in cold storage and under institutional custody.
21.co's integration of Chainlink Proof of Reserve enhances blockchain transparency and security, potentially boosting trust and adoption in tokenized assets. The post 21.co adds Chainlink Proof of Reserve for 21BTC transparency appeared first on Crypto Briefing.
A new multi-trillion-dollar market opportunity could send the value of Chainlink soaring.
Chainlink (LINK), the decentralized oracle network, confirms its leadership position in the crypto ecosystem by showing exceptional development activity. According to the latest data from the analysis platform Santiment, Chainlink outperforms all other ERC-20 projects, including Ethereum itself.
The decentralized oracle network Chainlink (LINK) continues to outpace all other ERC-20 projects in terms of development activity, according to the crypto analytics firm Santiment. Santiment notes on the social media platform X that Chainlink registered 624.
Chainlink saw a massive transfer to the Binance exchange in the last 24 hours, raising speculations about how the price would react.
Chainlink (LINK) recently unlocked and transferred 18.75 million LINK from five non-circulating supply addresses, according to data provided by Etherscan.
Chainlink's price has surprised many with a massive breakout of a 20-month-long consolidation in Q4 2023. Now that the markets are entering the Q4 2024 trade, a similar breakout is expected to occur, but if the token archives certain levels.
Oracle service provider Chainlink has once again unlocked LINK tokens earlier today on binance, as part of their scheduled unlocking. Despite this supply increase in the market, if history repeats, the LINK price could be gearing up for a major rally going ahead.
LINK's Long/Short ratio currently stands at 1.022, indicating bullish market sentiment among traders.
Chainlink's (LINK) price has risen above $11 following the recent Fed rate cut. This increase has ignited fresh speculation about the coin's short-term outlook.
Chainlink (LINK) has captured the attention of cryptocurrency enthusiasts and analysts alike with its promising potential. As we move into 2024 and beyond, many are asking: Can LINK price reach $100 by 2025?
Trillions of dollars will flow into Web3 once the details of the Internet of Contracts are worked out.
Chainlink (LINK) price has recently witnessed a modest decline. Over the previous few days, despite a generally bullish trend, the price of LINK has been closely interacting with a key support level.
Chainlink is facing increasing bearish pressure as its price continues to edge lower, signalling a potential move toward the further downside. After a period of consolidation, the bears have regained control, pushing Chainlink closer toward the $9.28 support level.
Chainlink (LINK) is making waves in the cryptocurrency world with its recent bullish signals. As the 14th largest cryptocurrency by market cap, LINK is capturing the attention of traders and investors alike.
TL;DR Fireblocks and Chainlink Labs have joined forces to provide a comprehensive solution for the issuance and management of stablecoins, ensuring security and compliance in global transactions. The combined technology will offer a real-time view of assets, reserves, market value, and total supply, spanning multiple blockchains.
The Cross-Chain Liquidity Operator (CCLO) is like a magic bridge that helps Uniswap work better across different blockchain networks. Here's what you need to know about this development for Uniswap and Chainlink.
The partnership is expected to play the vital role of easing the entry of banks and financial institutions into the stablecoin market.
Chainlink Labs and Fireblocks have teamed up to offer a secure and compliant technology solution for financial institutions like banks.
Chainlink Labs joins forces with Fireblocks to advance stablecoin issuance and management among banks and institutions.
Chainlink shows bullish potential with rising liquidity, strong holdings, and support.
Chainlink Labs has inked a strategic deal with Fireblocks to deliver a compliant and secure solution for banks and institutions to issue and use stablecoins across universal financial markets. The move comes after Wenia tapped Chainlink and Fireblocks to launch the COPW stablecoin early in 2024.
Chainlink (LINK) price is currently trading under the $12.35 resistance level, which has been a key barrier in preventing the cryptocurrency from flipping $13.00 into a support floor.
Fireblocks and Chainlink Labs have announced a strategic collaboration to provide banks with a technology solution for issuing and managing regulated stablecoins.
Chainlink Labs and Fireblocks have partnered to create a comprehensive technology solution for banks and financial institutions to issue and manage stablecoins
Chainlink Labs and blockchain company Fireblocks have recently announced plans to merge forces, sparking discussions across the web3 industry. The firms revealed that this collaboration is an effort to aid banks and institutions in seamlessly transacting and issuing stablecoins.