Chainlink Price Prediction as LINK Pumps 8% After Breaking Key Multi-Week Price Range
Crypto News
18 Sep 2023 10:45 PM
Chainlink may have broken to the upside of its recent range amid optimism about partnerships with institutions, but it needs to break to the north of this key level if it wants to get back to yearly highs....
- Chainlink (LINK) surged 8% on Monday, outperforming the broader crypto market.
- The cryptocurrency's recent partnerships with major financial institutions and infrastructure providers are driving buying pressure.
- Chainlink collaborated with the US Depository Trust and Clearing Corporation (DTCC) on a SWIFT blockchain interoperability project.
- The Cross-Chain Interoperability Protocol reached a milestone with ANZ bank using it for a cross-chain purchase.
- Chainlink is well-positioned for long-term success, but short-medium term prospects remain uncertain.
Positive
You May Ask
What contributed to Chainlink's surge in value on Monday?Which major global financial institution did Chainlink collaborate with on a blockchain interoperability project?What milestone did Chainlink's Cross-Chain Interoperability Protocol achieve recently?What is the long-term outlook for Chainlink's success?What caution should crypto investors exercise when considering Chainlink's short-medium term prospects?