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With its new CCIP Private Transactions feature, LINK is well-positioned for a bullish future. Financial institutions can conduct secure transactions across multiple blockchain networks with this privacy-focused solution. With the help of the Chainlink Blockchain Privacy Manager, CCIP guarantees adherence to legal requirements. Institutions can now easily move data and value between public and private blockchains.
We’re excited to announce CCIP Private Transactions, enabling financial institutions to connect private blockchains to the multi-chain economy.
— Chainlink (@chainlink) October 22, 2024
Australia and New Zealand Banking Group (ANZ) will be among the first financial institutions to pilot the capability for cross-chain… pic.twitter.com/1Qmm9nURqz
Nigel Dobson from ANZ emphasized that this innovation could enhance the adoption of blockchain technology in finance. ANZ’s collaboration with Chainlink Labs will pilot the CCIP to address ongoing privacy challenges. As financial institutions prioritize security and regulatory compliance, Chainlink’s focus on privacy solutions positions it as a leader in the market. This strategic move could drive significant interest and investment, signaling a strong bullish potential for LINK in the coming months.
Key Chainlink Levels To Watch – October 23
The LINKUSD chart shows a bullish breakout structure (BOS), indicating upward momentum. The price is above the trendline, with key support at nearly $11.550.
The MACD (Moving Average Convergence Divergence) is positive, suggesting continued bullish momentum. A likely target is around $12.970, provided the uptrend is sustained.
Chainlink Key Levels
Resistance Levels: $12.700, $16.260, $19.190
Support Levels: $10.340, $8.080, $6.000
LINK Metrics
Total Market Capitalization: $2.33T
Chainlink Market Capitalization: $7.64B
Chainlink Volume: $298.50M
Market Rank: #14
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