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Chainlink (LINK) is poised for a surge amid new financial collaborations. Chainlink (LINK) is poised for a significant surge, as evidenced by its 16% jump overnight to $16.40. This rise follows the release of research highlighting its collaboration with leading financial firms, continuing its upward trend. These potential partnerships position Chainlink as a vital data intermediary between blockchains and traditional finance.
We’re excited to share the results of a new Smart NAV industry pilot between @The_DTCC, Chainlink, and 10 of the world’s largest financial institutions that delivered key mutual fund data onchain.
— Chainlink (@chainlink) May 16, 2024
Full report: https://t.co/ob3K0s4g86
The significance for fund tokenization 🧵 pic.twitter.com/74zocXa2s0
A pilot study with market infrastructure provider DTCC underscores Chainlink’s role in delivering reliable financial data to the blockchain. Shifting from its earlier focus on tokenizing real-world assets (RWA), Chainlink is now building strong ties with top financial entities. DTCC praised Chainlink’s ability to create a unified data interface for all blockchains, hinting at its potential to standardize blockchain integration with the traditional banking sector.
Chainlink $LINK connects banks to blockchains
— Zach Rynes | CLG (@ChainLinkGod) May 17, 2024
It’s that’s simple, no need to overcomplicate it pic.twitter.com/jPOhDBtjr9
Key LINK Levels To Watch – May 19
LINKUSD just experienced a MSS (Market Structure Shift) as it invalidated the swing high at $16.040. Apparently, the price is heading into the bearish order block in the premium zone.
Prior to the MSS, the market was in an accumulation phase. Since the markup is still in its early phase, LINKUSD is expected to continue upward for a long time.
Chainlink Key Levels
Resistance Levels: $16.260, $20.740, $22.880
Support Levels: $12.540, $9.700, $7.110
LINK Metrics
Total Market Capitalization: $2.43T
Chainlink Market Capitalization: $9.69B
Chainlink Volume: $446.3M
Market Rank: #16
You can purchase Lucky Block here. Buy LBLOCK
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