The recent collaboration of Chainlink with other leading decentralized finance and blockchain platforms was aimed at pioneering changes in the blockchain industry. Among the leading platforms are EverRise, StarkDefi, and Spotify. Thanks to the Chainlink BUILD program, startups and established Web3 projects are thriving in the industry to some extent. The innovation of Chainlink BUILD contributes to the reason why these leading platforms chose to collaborate with Chainlink.
The collaborations with the leading platforms were also aimed at fostering easy access to Chainlink services and technical support. Other benefits of Chainlink’s collaborations are cut-across network fees, the Chainlink community, service providers, and stakeholder groups on the Chainlink network. As Chainlink experiences global recognition and more collaborations with leading platforms in the blockchain industry, investors’ confidence is likely to rise. This will in turn cause an increase in the value of LINK over time.
Key Chainlink Levels To Watch – May 29
Amidst the selling pressure on LINKUSD, as the year 2022 came to an end, the bulls stormed the market and caused a change of character to the upside. As the price left the premium zone, a bullish order block was created.
In this tutorial from @ZubinPratap, learn how to use #Chainlink Functions to create a smart contract that automatically pays a music artist based on their @Spotify streams and triggers an email notification to the artist informing them of payment.https://t.co/O91uEFNjuF
— Chainlink (@chainlink) May 24, 2023
The bullish order block was later returned, sometime in May 2023. This propelled the price to the upside as the uptrend continued. Following the recent sell-side liquidity below the $6.400 old low, LINKUSD began another bullish phase.
Chainlink Key Levels
Resistance Levels: $7.500, $8.800, $9.500
Support Levels: $6.800, $5.900, $5.400
Total Market Capitalization: $1.16T
Chainlink Market Capitalization: $3.40B
Chainlink Volume: $0.12B
Market Rank: #19
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