Chainlink Price Prediction as LINK Pumps 8% After Breaking Key Multi-Week Price Range

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By BitcoinWiki News

Key Takeaways:

– Chainlink (LINK), the cryptocurrency that powers Chainlink’s blockchain interoperability network, surged 8% on Monday, outperforming the broader crypto market.
– LINK was last trading in the $6.60s per token, failing to break above its 200DMA at $6.70.
– Chainlink’s recent partnerships with major financial institutions and infrastructure providers contributed to the cryptocurrency’s buying pressure.
– Chainlink and the US Depository Trust and Clearing Corporation (DTCC) are collaborating on a SWIFT blockchain interoperability project, aiming to accelerate asset tokenization.
– Chainlink’s Cross-Chain Interoperability Protocol reached an important milestone with Australasian bank ANZ utilizing the protocol for a cross-chain purchase.
– The long-term outlook for LINK is strong, but short-medium term prospects remain uncertain within its price range of around $5 to $9.
– Alternative to consider: Wall Street Memes is launching its own meme coin token $WSM, with a successful presale raising over $25 million.
– Investors have limited time to get involved in $WSM before the presale ends.
– Disclaimer: Crypto is a high-risk asset class and this article is not investment advice.


Chainlink (LINK), a cryptocurrency powering Chainlink’s blockchain interoperability network, saw an 8% surge on Monday, outperforming the broader crypto market. The surge in buying pressure is attributed to Chainlink’s recent partnerships with major global financial institutions and infrastructure providers. In June, Chainlink and the US Depository Trust and Clearing Corporation announced a collaboration on a SWIFT blockchain interoperability project, aiming to accelerate asset tokenization. Chainlink’s Cross-Chain Interoperability Protocol also reached a milestone with Australasian bank ANZ using it to complete a cross-chain purchase. Chainlink’s long-term outlook is seen as strong due to the interest from major institutions in leveraging its technology. However, short-to-medium term price prospects remain uncertain. An alternative to consider is Wall Street Memes’ new meme coin token $WSM, which has raised over $25 million in its presale and has the backing of major influencers and analysts. Investors have under 7 days to get involved.

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