Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject
Chainlink has had a rough year so far. Data from DeFiLlama showed that the network’s total value secured has declined by more than 80%. While this may seem like a dramatic figure, it is interesting to note that Chainlink has the most TVL compared to its competitors.
Here’s AMBCrypto’s Price Prediction for Chainlink [LINK] for 2023-24
Being the industry leader of oracle networks, Chainlink does have a considerable presence in this part of the crypto industry. Its native token LINK is currently the 21st largest cryptocurrency by market capitalization.
Over the past couple of months, LINK has struggled to break through the $8.1 level. The bears have defended this resistance zone rather fiercely.
Chainlink’s recently announced partnership with international banking network SWIFT. It came as much-needed positive news for its stakeholders.
Speaking at SmartCon22, Chainlink Co-founder Sergey Nazarov unveiled plans to launch staking at the end of 2022, in addition to a new economic model for the Web3 services platform.
On 29 September, SWIFT, the international banking network, announced a collaboration with Chainlink in order to develop a cross-chain interoperability protocol (CCIP) in an initial proof-of-concept (PoC). This move will pave the way for the institutional adoption of Distributed Ledger Technology (DLT).
According to Chainlink’s official website, the transaction value enabled by the network so far is a whopping $6.1 trillion. At the time of writing LINK was trading at $7.48, down more than 2.1% over the last 7 days. Market capitalization stood at $3.67 billion, with a 24-hour trading volume of $419 million.
The altcoin has a “Buy” signal from TradingView, which has an optimistic outlook on it. In fact, its Chainlink price prediction indicates that there…
