Chainlink Surge with Proactive Development and Tokenization Success

Azeez Mustapha

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Chainlink Surge with Proactive Development and Tokenization Success

Chainlink surged with proactive development and tokenization success. In 2023, Chainlink gained attention for a substantial surge in LINK’s value, reflecting more than just price movements. Co-founder Sergey Nazarov’s January statement highlighted the project’s proactive development, focusing on staking and Oracle network adoption.
 


Notably, Chainlink’s role in tokenizing Real World Assets (RWAs) stood out. Collaborative efforts with other projects contributed to the RWAs category achieving a $33.22 billion market cap. Analysts foresee continued success for Chainlink in 2024, with social dominance peaking at 0.906%. LINK’s impressive 171.66% value increase in the past year surpasses Bitcoin, making it a noteworthy investment.

Market Key Levels to Watch – January 3rd

Chainlink Surge with Proactive Development and Tokenization SuccessLINKUSD made a massive expansion to the upside after the invalidation of the previous resistance at $7.910. Following a short-term consolidation at $11.000, a Fair Value Gap formed at $12.000.
 
The market is currently undergoing a decline into the Fair Value Gap at the $12.000 price level. LINKUSD is expected to resume soon as the Stochastic Oscillator indicates that the market is oversold.

Resistance Levels: $17.330, $18.320, $19.560 
Support Levels: $9.650, $7.910, $4.930

Total Market Capitalization: $1.62T
Chainlink Market Capitalization: $8.0B
Chainlink Volume: $620M
Market Rank: #14

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

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