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Chainlink (LINK) price is facing challenges as technical indicators show bearish momentum. LINK's EMA lines recently formed a death cross, indicating continued bearish pressure.
As the crypto market struggles to shake off the weakness of last week, the latest sentiment data from Santiment shows that token holders and traders are bearish on some of the top altcoins. According to their recent analysis, token holders are bearish the most on Chainlink–a middleware solution that powers DeFi and NFTs, Ethereum, Solana, and Bitcoin.
Ronin adopts Chainlink's CCIP to fortify its cross-chain bridge.
TL;DR Scroll has integrated the Chainlink Cross-Chain Interoperability Protocol (CCIP) to enhance the creation of decentralized applications (dApps) in a multi-chain environment. The integration will enable token transfers and messaging between different blockchains, facilitating the development of more complex dApps.
Ronin has integrated Chainlink's Cross-Chain Interoperability Protocol (CCIP) to enhance the security of its cross-chain bridge, according to an Oct. 10 statement shared with CryptoSlate. Ronin explained that all crypto currently bridged using the Ronin Bridge will transition to CCIP for native cross-chain transfers.
Zero-knowledge rollup Scroll has integrated Chainlink Cross-Chain Interoperability Protocol (CCIP).
Major cryptocurrencies XRP, Solana and Chainlink might be candidates for a potential price rebound if indications presented by current market sentiment turn out favorable.
The Ronin network has officially adopted Chainlink's Cross-Chain Interoperability Protocol (CCIP) after receiving approval from its validators.
Ronin said the Chainlink CCIP integration would reinforce its bridge's security and free up resources to accelerate Its adoption.
"Security was the number one most important factor," said Phuc Thai, Head Researcher at Ronin developer Sky Mavis.
Ronin Network's integration of Chainlink CCIP enhances security, potentially accelerating Web3 gaming adoption and multi-chain ecosystem growth. The post Ronin Network adopts Chainlink CCIP to strengthen cross-chain security appeared first on Crypto Briefing.
Bitcoin (BTC) slipped below $61,000 earlier today and is down almost 3% over the past 24 hours as it struggles to maintain its position above $60,000. According to analytics firm Santiment, the crypto market has turned bearish, which has impacted several assets, including BTC, Ethereum (ETH), Solana (SOL), and Ripple (XRP).
Linea integrates Chainlink's Cross-Chain Interoperability Protocol (CCIP) to enhance security and functionality in cross-chain applications, expanding the multi-chain ecosystem.
Amid the ongoing uncertain cryptocurrency market sentiment, Chainlink (LINK) is poised for a price decline as it has formed a bearish price action pattern on its daily time frame. In addition to LINK's bearish outlook, its price has started declining alongside other major cryptocurrencies.
IDA Finance collaborates with Chainlink to enhance transparency and cross-chain interoperability of HKDA.
IDA plans expand its business offerings with the launch of a US-dollar backed stablecoin after the successful launch of HKDA.
IDA Finance's use of Chainlink Proof of Reserves and CCIP products aims to boost cross-chain operability and asset security.
Chainlink (LINK), one of the most promising projects in the crypto space, is attracting renewed attention as market analysts predict a potential price surge. A leading crypto analyst, known as Investor Reality, has predicted that Chainlink's market cap could climb to $100 billion by the second quarter of 2025, which would send its price soaring to $159.54.
The layer two platform Linea has teamed up with Chainlink's Cross-Chain Interoperability Protocol (CCIP) to offer developers a more secure and seamless environment for creating decentralized applications. This collaboration seeks to overcome common issues like cross-chain security and scalability.
An analyst predicts Chainlink could reach a $100 billion market cap by Q2 2025, potentially pushing LINK's price to $159.54 based on current supply figures.
Chainlink price continues to bounce between $10.25 and $12.38 as investors make this the new accumulation zone. The crypto asset has a huge potential to turn the industry around, and market analysts believe it could surge to a $100 billion market cap.
Chainlink is quite the buzzword in cryptocurrency land. Well-known expert Michael Van De Poppe has described it as a “lifetime opportunity.
The crypto market contains millions of cryptos, making it an industry of $2.16T. Not only that, it processes $62 Billion worth of transactions in 24 hours, but calling one specific cryptocurrency a once-in-lifetime opportunity is a big deal.
Chainlink is currently trading in a bullish pattern that has been developing for at least seven months, capturing the attention of analysts and investors alike. Many are eagerly anticipating Chainlink to surge during this cycle and finally reclaim new all-time highs.
