bullish

2024

World

Chainlink

<ul> 
 <li>Chainlink is positioning itself to lead the Real World Asset tokenization market.</li> 
 <li>According to top analysts, the price of LINK may soar to $135 in the long run.</li> 
</ul> 
Chainlink is in the spotlight with its important <a class="editor-rtfLink" href="https://www.crypto-news-flash.com/chainlink-and-the-future-of-tokenized-assets-a-deep-dive-into-cross-chain-interoperability/" target="_blank" rel="noopener">Real World Asset (RWA) tokenization</a> pivot. In an industry projected to hit a $16 trillion target by 2030, Chainlink wants to create a first-mover advantage. 
As an Oracle service provider, Chainlink is developing more diverse product suits to meet critical challenges in tokenization. While many businesses want to enter tokenization, know-how is generally lacking. Chainlink hopes to bridge the gap by providing a tokenization platform, real-time access to data, and more. 
<h3 id="strong-span-data-preserver-spaces-true-the-massive-chainlink-tokenization-growth-span-strong">The Massive Chainlink&nbsp; Tokenization Growth</h3> 
The decentralized Oracle service protocol dominates its niche in the crypto industry. According to a recent Blockworks Research, the protocol now boasts a value of $3 billion, excluding stablecoins. This locked valuation is just a fraction of the projected future value of the broader tokenization ecosystem. 
The research highlighted some of the core value propositions for the protocol. These include the deployment of Cross-Chain Interoperability Protocol (CCIP), data, onchain identity and more. The Sergey Nazarov co-founded protocol aims to build a unified developer platform for innovators to create, deploy, and manage every aspect of their RWA journey throughout its entire life cycle. 
The Chainlink value proposition in the RWA sector is gaining enormous traction. As <a class="editor-rtfLink" href="https://www.crypto-news-flash.com/chainlink-data-streams-power-ostiums-low-latency-crypto-feeds-on-arbitrum/" target="_blank" rel="noopener">noted</a> in our earlier report, Chainlink’s data streams now power Ostium’s low-latency crypto feeds on Arbitrum. Outfits like Babypie’s mBTC have also <a class="editor-rtfLink" href="https://www.crypto-news-flash.com/chainlink-boosts-babypies-mbtc-five-key-integrations-to-revolutionize-defi/" target="_blank" rel="noopener">integrated</a> other Chainlink-related solutions. 
Amidst this growing adoption, the price of LINK has recorded significant growth in the past year. Within this period, the token has grown by over 40%. When writing, the price is up 2.28% to $10.67.&nbsp; 

<div class="cryptoboxes" id="mcw-435411" data-realtime="on">
 <div class="mcw-chart mcw-chart-light" data-font="inherit" data-coin="chainlink" data-symbol="LINK" data-currency="USD" data-rate="1.000268" data-type="chart" data-view="day" data-theme="light" data-smooth="true" data-areacolor="" data-bgcolor=""></div>
</div> 
<h3 id="strong-span-data-preserver-spaces-true-ahead-of-the-2025-bull-cycle-span-strong">Ahead of the 2025 Bull Cycle</h3> 
Notably, Chainlink has the fundamentals to outperform in the coming bull market. Market analyst Alan Santana said Chainlink can soar to $85 by 2025. According to Santana, this price target is a projection under bad market conditions. If conditions are as favorable as he envisages, LINK might touch an All-Time High (ATH) of $135. 
<blockquote class="twitter-tweet"> 
 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2734.png" alt="✴" class="wp-smiley" style="height: 1em; max-height: 1em;"> ChainLink Pre-2025 Bull-Market Accumulation Zone &amp; Strategy 
 Hello my dear friend, 
 Notice the huge difference between the bullish wave in 2021 vs the bullish wave in 2023! This is why I dubbed 2023 the “recovery year.” Last year many Altcoins produced a nice wave, a recovery… <a href="https://t.co/DTF977g5yT">pic.twitter.com/DTF977g5yT</a> 
 — Alan Santana (@lamatrades1111) <a href="https://twitter.com/lamatrades1111/status/1821407219167977800?ref_src=twsrc%5Etfw">August 8, 2024</a>
</blockquote> 
The analyst advised users to adopt a simple strategy to prepare for this bull market rally. This strategy does not involve extensive technical analysis or charting; investors must buy enough LINK and hold until “everyone is celebrating paper earnings.” 
Many analysts believe LINK is undervalued at its current price level. The confidence in its future growth hinges on the prospects underscored by other key on-chain metrics like <a class="editor-rtfLink" href="https://www.crypto-news-flash.com/chainlink-link-reclaims-10-3-as-daily-active-addresses-hit-high/" target="_blank" rel="noopener">daily active addresses</a>. As previously <a class="editor-rtfLink" href="https://www.crypto-news-flash.com/are-crypto-whales-driving-the-35-chainlink-link-rally-price-predictions/" target="_blank" rel="noopener">mentioned</a> in our report, the actions of ecosystem whales may also contribute toward the future growth in LINK’s price.

Chainlink Set to Lead the Real World Assets Market Targeting $16T by 2030 as Analyst Reveals LINK’s Pre-2025 Bull-Market Strategy

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