Diamond

bullish

2024

Chainlink

<p>Chainlink price is poised for explosive growth as SWIFT and Coinbase adopt its CCIP technology to bridge traditional finance with blockchain.</p> 
<p>With a golden cross confirming a long-term uptrend, analysts speculated LINK could target $800 in the next market cycle.</p> 
<h2 class="wp-block-heading" id="h-coinbase-adopts-chainlink-ccip-to-drive-institutional-digital-asset-growth"><strong>Coinbase Adopts Chainlink CCIP to Drive Institutional Digital Asset Growth</strong></h2> 
<p>To bolster institutional adoption of assets, Coinbase has integrated Chainlink’s Cross-Chain Interoperability Protocol (CCIP).</p> 
<p>The CCIP creates secure and compliant tokenized asset solutions that connect traditional finance with blockchain technology.</p> 
<p>Simply put, this collaboration shows Coinbase as a forerunner in fostering blockchain’s adoption by real-world financial systems.</p> 
<p>Its goal is to attract banks, asset issuers, and financial institutions to build on its scalable tokenized asset solution.</p> 
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   <p lang="en" dir="ltr">.<a href="https://twitter.com/coinbase?ref_src=twsrc%5Etfw">@coinbase</a>’s Project Diamond integrates the Chainlink standard to accelerate digital asset adoption.<br><br>Institutions will be able to leverage Chainlink to manage the full lifecycle of tokenized assets on the Project Diamond platform.<a href="https://t.co/wTkQEphaQt">https://t.co/wTkQEphaQt</a> <a href="https://t.co/S2BYy7NWCH">pic.twitter.com/S2BYy7NWCH</a></p>— Chainlink (@chainlink) <a href="https://twitter.com/chainlink/status/1866530286412136538?ref_src=twsrc%5Etfw">December 10, 2024</a>
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<p>As part of CCIP, Chainlink is teaming up with major institutions such as Swift and Fidelity in order to enhance its position within the trillion-dollar Real World Asset (RWA) market space.</p> 
<p>This forms infrastructure that solves the inherent problem of interoperability between a growing number of blockchain-based financial systems.</p> 
<p>Because LINK is utilized in the ecosystem, we can expect this collaboration to greatly benefit it.</p> 
<p>Should further adoption occur, analysts predict a rise in the adoption that could continue to push Chainlink price towards its higher targets, which some see reaching $800 if institutions also picks up.</p> 
<p>The step was part of a larger transition financial systems were going through, intertwining blockchain technology and legacy asset management.</p> 
<h2 class="wp-block-heading" id="h-swift-partners-with-chainlink-to-revolutionize-finance-link-poised-for-growth"><strong>SWIFT Partners With Chainlink to Revolutionize Finance, LINK Poised for Growth</strong></h2> 
<p>Next year, SWIFT is slated to use Chainlink to integrate decentralized and centralized financial systems.</p> 
<p>With this integration, secure and interoperable data transfers between traditional financial networks and blockchain platforms will be supported.</p> 
<p>Given that SWIFT processes a whopping $150 trillion of transaction volume annually, such adoption of Chainlink’s technology is a big deal.</p> 
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   <p lang="en" dir="ltr">SWIFT is going live with <a href="https://twitter.com/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$LINK</a> next year and your $50-100 price targets will be blown out of the water. ETH almost hit a $600B market cap last cycle. SWIFT does $150T per year in volume. <a href="https://twitter.com/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$LINK</a> is going to a $500B+ market cap this cycle. <a href="https://t.co/W26oEJhotM">pic.twitter.com/W26oEJhotM</a></p>— nicu (@nicucrypto) <a href="https://twitter.com/nicucrypto/status/1866616164581085531?ref_src=twsrc%5Etfw">December 10, 2024</a>
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<p>Demand for LINK tokens, required for Chainlink’s decentralized ecosystem, is expected to sharply increase in partnership.</p> 
<p>According to analysts, this collaboration can take Chainlink’s market cap towards a speculative $500 billion, competing with Ethereum’s previous cycle top.</p> 
<p>This adoption could result in increased adoption of LINK as a key asset of both traditional and decentralized financial worlds.</p> 
<p>Beyond their effect on price, integration of the above could result in a standard tokenized asset system between financial institutions.</p> 
<p>This development could set to loosen up massive liquidity and speed the adoption of blockchain technologies by large institutions.</p> 
<p>Chainlink’s collaboration with SWIFT bolsters the increasing significance of decentralized solutions in disrupting the financial industry.</p> 
<h2 class="wp-block-heading" id="h-chainlink-price-50-day-sma-crossing-above-200-day-sma-sparks-optimism"><strong>Chainlink price: 50-Day SMA Crossing Above 200-Day SMA Sparks Optimism</strong></h2> 
<p>A golden cross formed on the 50-day SMA crossing above the 200-day SMA on the Chainlink price&nbsp;daily chart, which was a bullish signal.</p> 
<p>This crossover confirmed bullish momentum on the long term and reinforced the belief of Chainlink’s bullish price trend.</p> 
<p><a href="https://www.thecoinrepublic.com/2024/12/10/chainlink-daily-active-users-soar-142-will-price-stabilize-at-24-for-a-rebound/">LINK</a>&nbsp;price also showed support levels at $21.300, $16.019, and $13.496, so it provided price movements with a base.</p> 
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  <img loading="lazy" decoding="async" width="1024" height="445" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/12/LINK_USD-daily-chart-Source_-Trading-View-1024x445.png" alt="LINK/USD daily chart | Source: Trading View" class="wp-image-876458" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/12/LINK_USD-daily-chart-Source_-Trading-View-1024x445.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/12/LINK_USD-daily-chart-Source_-Trading-View-300x130.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/12/LINK_USD-daily-chart-Source_-Trading-View-768x334.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/12/LINK_USD-daily-chart-Source_-Trading-View-1536x667.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/12/LINK_USD-daily-chart-Source_-Trading-View-150x65.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/12/LINK_USD-daily-chart-Source_-Trading-View-696x302.png 696w, https://www.thecoinrepublic.com/wp-content/uploads/2024/12/LINK_USD-daily-chart-Source_-Trading-View-1068x464.png 1068w, https://www.thecoinrepublic.com/wp-content/uploads/2024/12/LINK_USD-daily-chart-Source_-Trading-View.png 1600w" sizes="auto, (max-width: 1024px) 100vw, 1024px">
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   <em>LINK/USD daily chart | Source: Trading View</em>
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<p>Looking at the momentum indicators, the MACD was positive but declining and contracting, implying decreasing bullish momentum.</p> 
<p>The stochastic oscillator was in neutral territory indicating the market was neither overbought nor oversold.</p> 
<p>As per these indicators, LINK`s price was in consolidation and needs to wait for further price action.</p> 
<p>If LINK stayed above $21.30, bulls could likely aim to push through $30.00 or higher yet.</p> 
<p>Nevertheless, a drop below could see prices extend downward towards the 50-day SMA at 16.019 or even to the 200-day SMA at 13.496 next.</p> 
<p>The post <a href="https://www.thecoinrepublic.com/2024/12/13/why-chainlink-price-could-rise-to-800-in-the-next-cycle/">Why Chainlink Price Could Rise to $800 in the Next Cycle?</a> appeared first on <a href="https://www.thecoinrepublic.com">The Coin Republic</a>.</p>

Why Chainlink Price Could Rise to $800 in the Next Cycle?

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