Tags: chainlink

The native token of the oracle service that connects the real world to the blockchain is potentially preparing for a bullish breakout.

Blockchain oracle provider Chainlink has partnered with the Japanese financial services conglomerate for tokenized real-world assets (RWA) adoption.

If LINK breaks four-year resistance at $30, it could start a strong rally toward $200 over future cycles.

Chainlink’s native token could follow Ethereum with huge gains this cycle based on real-world asset tokenization narratives, say analysts. 

The blockchain oracle has released a product that taps into real-world equities and ETFs.

Retail’s absence and flat addresses have hindered LINK’s upward movement.

Short-Bitcoin products saw outflows of $2.9 million last week, bringing year-to-date outflows to $12 million, which indicated a bullish sentiment.

94.5% of BTC and 88.7% of ETH holders are in profit, while only 46.5% of ADA investors are above water, highlighting a growing gap.

The blockchain oracle provider has teamed up with one of the world’s largest credit card companies to accelerate crypto adoption. 

The outflows witnessed by short-Bitcoin products indicated reduced trader confidence in a Bitcoin price decline.