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Information about Chainlink (LINK)
Chainlink is a platform that aims to bridge the gap between smart contracts based on blockchain technology (widely popularized by Ethereum) and real-world applications. Since blockchains cannot access data outside their networks, oracles must act as data feeds in smart contracts. In the case of Chainlink, the oracles are connected to the Ethereum network.
LINK is a cryptocurrency derived from the Chainlink decentralized oracle network, used to pay node miners. Because the Chainlink network has a reputable scoring system, node providers with many LINKs can be rewarded with larger contracts, but failing to provide accurate results will result in a token deduction. After the $32 million LINK ICO in 2017, 32% of LINK tokens were sent to node operators to incentivize the ecosystem, and 30% stayed on Chainlink for development (35% were sold during the public token sale).
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Chainlink’s [LINK] is attempting to retest a key resistance at approximately 12.5 USD. This level was previously support, indicating a potential shift if the price fails to hold.
Bearish trends are suggested by on-chain data, with net deposits indicating selling pressure. If LINK falls below 10 USD, further declines to 7.5 USD are likely.
The RWA tokenization market has reached over 20 billion USD, witnessing a 12% growth in the last month. Notable institutional players, including BlackRock and Fidelity, are now actively investing in RWAs.
RWAs are appealing due to their stability compared to other cryptocurrencies experiencing downturns. Experts highlight their importance in future investment strategies, enhancing liquidity and preserving value in uncertain times.
On Thursday, World Liberty Financial (WLFI) moved 775,000 USD in USDC to a wallet focused on altcoin purchases, enhancing its investment strategy.
WLFI’s portfolio has expanded to include eleven cryptocurrencies, notably Ethereum, AVAX, LINK, and Tron, reflecting a broad diversification.
The company is collaborating with the Sui blockchain and plans to launch a stablecoin, USD1, redeemable for US dollars, aimed at institutional investors.
As of April 10, 2025, altcoins have lost 350 billion USD since their peak in December 2024, facing significant liquidity issues exacerbated by tariff announcements from Donald Trump. The current market cap is approximately 583 billion USD.
Recent price increases in altcoins such as Chainlink, Solana, and Cardano appear to be short-lived recovery attempts rather than indications of sustainable growth. The overall market trend remains fragile, with limited inflows and high volatility.
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