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Crypto-D-Ooshen
16 hours ago
Sergey Nazarov, the CEO of Chainlink, a decentralized oracle network, has highlighted concerns about the security of the majority of cross-chain bridges in the cryptocurrency industry. He pointed out that many of these bridges are not secure, and investing in projects that lack the ability to secure their ecosystems has become a pattern in the industry. Nazarov explained that building a truly secure system is a complex task and emphasized the importance of security in the crypto space. He mentioned that cross-chain bridges, which facilitate interoperability between different blockchain networks, are themselves blockchain-based systems. Chainlink, through its own cross-chain communication protocol (CCIP), aims to enhance security by using three different networks across all its bridges. These networks include two that verify and execute transactions and a separate risk management network responsible for approving or rejecting transactions based on predefined parameters. Security remains a critical concern in the blockchain and cryptocurrency space, as users and projects seek to protect their assets and data from potential vulnerabilities and attacks. Chainlink's approach to cross-chain communication underscores its commitment to enhancing security and reliability in the DeFi and blockchain ecosystems. 🔒🌐 #Chainlink #CrossChain #BlockchainSecurity
Sergey Nazarov, the CEO of Chainlink, a decentralized oracle network, has highlighted concerns about the security of the majority of cross-chain bridges in the cryptocurrency industry. He pointed out that many of these bridges are not secure, and investing in projects that lack the ability to secure their ecosystems has become a pattern in the industry.
Nazarov explained that building a truly secure system is a complex task and emphasized the importance of security in the crypto space. He mentioned that cross-chain bridges, which facilitate interoperability between different blockchain networks, are themselves blockchain-based systems.
Chainlink, through its own cross-chain communication protocol (CCIP), aims to enhance security by using three different networks across all its bridges. These networks include two that verify and execute transactions and a separate risk management network responsible for approving or rejecting transactions based on predefined parameters.
Security remains a critical concern in the blockchain and cryptocurrency space, as users and projects seek to protect their assets and data from potential vulnerabilities and attacks. Chainlink's approach to cross-chain communication underscores its commitment to enhancing security and reliability in the DeFi and blockchain ecosystems. 🔒🌐 #Chainlink #CrossChain #BlockchainSecurity
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LIVE
Cryptoniteuae
a day ago
Bullish
#DeFi Tokens Buck Bearish Market Trend as Bond Yields Soar Various tokens backing blue-chip #decentralized finance applications are bucking the bearish market trend. #CurveDAO’s native governance token CRV has soared more than 21% over the past week as users minted $114 million crvUSD, the newly launched #stablecoin by Curve Finance, backed by Bitcoin (BTC), Ethereum (ETH), and ETH liquid staking derivatives as collateral. Elsewhere, governance tokens behind Maker (MKR), Frax Share (FXS), and #Chainlink (LINK) posted weekly gains between 8% to 9%. According to CoinGecko data, the wider DeFi lending and borrowing sector witnessed growth, with most tokens trading in the green over the last seven days. The positive move may likely be attributed to the rise of real-world assets (RWA) and liquid staking tokens as collateral in each of these applications. RWAs are traditional financial instruments, such as bonds or corporate debt, that have been tokenized.
#DeFi Tokens Buck Bearish Market Trend as Bond Yields Soar
Various tokens backing blue-chip #decentralized finance applications are bucking the bearish market trend.
#CurveDAO’s native governance token CRV has soared more than 21% over the past week as users minted $114 million crvUSD, the newly launched #stablecoin by Curve Finance, backed by Bitcoin (BTC), Ethereum (ETH), and ETH liquid staking derivatives as collateral.
Elsewhere, governance tokens behind Maker (MKR), Frax Share (FXS), and #Chainlink (LINK) posted weekly gains between 8% to 9%.
According to CoinGecko data, the wider DeFi lending and borrowing sector witnessed growth, with most tokens trading in the green over the last seven days.
The positive move may likely be attributed to the rise of real-world assets (RWA) and liquid staking tokens as collateral in each of these applications.
RWAs are traditional financial instruments, such as bonds or corporate debt, that have been tokenized.
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Chainlink: The Oracle Powering DeFi #Chainlink is the leading decentralized oracle network, providing secure and reliable data to smart contracts. It is used by some of the biggest names in crypto, including , #AAVE and #compound #LINK #DeFi
Chainlink: The Oracle Powering DeFi

#Chainlink is the leading decentralized oracle network, providing secure and reliable data to smart contracts. It is used by some of the biggest names in crypto, including , #AAVE and #compound

#LINK #DeFi
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LIVE
Cryptoniteuae
Sept 26th
Bullish
Crypto #whales are one of the best tools to prepare your altcoin portfolio. #dyor 1. #Chainlink ($LINK )- Over the last few days its up by 9.2%. It is a Project. Chainlink is the industry-standard Web3 services platform connecting the people, businesses, and data of today with the Web3 world of tomorrow. 2. #CurveDao ($CRV )- Over the last few days there was an upward 12% surge, Curve DAO token (CRV) is the native asset underpinning one of the world's largest decentralized finance (DeFi) platforms Curve. Finance, a decentralized exchange used to trade cryptocurrencies (especially stablecoins) without the need for a middleman. 3. #Arbitrum ($ARB )- Arbitrum is a Layer 2 scaling solution for the Ethereum blockchain that powers fast smart contract transactions while reducing transaction costs. Layer 2 solutions can scale the base Layer 1 blockchain by delegating complex computational tasks, such as transaction processing and data storage to the second chain.
Crypto #whales are one of the best tools to prepare your altcoin portfolio. #dyor
1. #Chainlink ($LINK )- Over the last few days its up by 9.2%. It is a Project. Chainlink is the industry-standard Web3 services platform connecting the people, businesses, and data of today with the Web3 world of tomorrow.
2. #CurveDao ($CRV )- Over the last few days there was an upward 12% surge, Curve DAO token (CRV) is the native asset underpinning one of the world's largest decentralized finance (DeFi) platforms Curve. Finance, a decentralized exchange used to trade cryptocurrencies (especially stablecoins) without the need for a middleman.
3. #Arbitrum ($ARB )- Arbitrum is a Layer 2 scaling solution for the Ethereum blockchain that powers fast smart contract transactions while reducing transaction costs. Layer 2 solutions can scale the base Layer 1 blockchain by delegating complex computational tasks, such as transaction processing and data storage to the second chain.
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LIVE
Skybaby Secrets
Sept 25th
Bullish
🙀 📢 Another solid +1000% opportunity for your #crypto portfolio! Chainlink (LINK) 🔗 $LINK #Chainlink is the largest decentralized oracle network 🔥 that connects blockchains with off-chain data. Oracles are entities that provide real-world data to smart contracts on blockchains. 🤖 Chainlink uses a network of node operators to provide reliable and secure data to smart contracts. Chainlink is 🚨 very important to other blockchains because it allows them to interact with data and events from the outside world 🌍 . This is essential for many blockchain applications, such as decentralized finance (DeFi), insurance, and supply chain management. If anything goes wrong, the blockchains which are relying Chainlink to fetch ⏰ realtime data will be in trouble. 🧑‍🤝‍🧑 Over 1000 blockchains and applications are using Chainlink. For example, many Ethereum-based DeFi projects use to provide data for their applications, such as price feeds, interest rates, and collateral ratios. Why Use Chainlink? 🤔 1. 🙋‍♀️ Decentralization: Chainlink is a decentralized network, which means that it is not controlled by any single entity. This makes it more resistant to censorship and manipulation. 2. 🔰 Security: Chainlink uses a variety of security measures to protect the data it provides to smart contracts. These measures include tamper-proof, reliable automation, encryption, multi-signature authentication, and dispute resolution mechanisms. 3. 🧼 Flexibility: Chainlink can provide a wide range of data to smart contracts, including financial data, weather data, and even GPS data. Overall, Chainlink is a powerful tool and it is so popular among blockchains. What is LINK Coin? 🌟 #LINK is the native cryptocurrency of the Chainlink network. It is used to 💴 pay node operators for providing data and computations to smart contracts. 💰 LINK is also used to stake on the Chainlink network to earn rewards. If you are a decentralization fans, grab some LINK coin to show your 🫡 respect and 💪 support! #crypto2023 #cryptocurrency
🙀 📢 Another solid +1000% opportunity for your #crypto portfolio! Chainlink (LINK) 🔗 $LINK

#Chainlink is the largest decentralized oracle network 🔥 that connects blockchains with off-chain data. Oracles are entities that provide real-world data to smart contracts on blockchains. 🤖 Chainlink uses a network of node operators to provide reliable and secure data to smart contracts.

Chainlink is 🚨 very important to other blockchains because it allows them to interact with data and events from the outside world 🌍 . This is essential for many blockchain applications, such as decentralized finance (DeFi), insurance, and supply chain management. If anything goes wrong, the blockchains which are relying Chainlink to fetch ⏰ realtime data will be in trouble.

🧑‍🤝‍🧑 Over 1000 blockchains and applications are using Chainlink. For example, many Ethereum-based DeFi projects use to provide data for their applications, such as price feeds, interest rates, and collateral ratios.

Why Use Chainlink? 🤔

1. 🙋‍♀️ Decentralization: Chainlink is a decentralized network, which means that it is not controlled by any single entity. This makes it more resistant to censorship and manipulation.

2. 🔰 Security: Chainlink uses a variety of security measures to protect the data it provides to smart contracts. These measures include tamper-proof, reliable automation, encryption, multi-signature authentication, and dispute resolution mechanisms.

3. 🧼 Flexibility: Chainlink can provide a wide range of data to smart contracts, including financial data, weather data, and even GPS data.

Overall, Chainlink is a powerful tool and it is so popular among blockchains.

What is LINK Coin? 🌟

#LINK is the native cryptocurrency of the Chainlink network. It is used to 💴 pay node operators for providing data and computations to smart contracts. 💰 LINK is also used to stake on the Chainlink network to earn rewards.

If you are a decentralization fans, grab some LINK coin to show your 🫡 respect and 💪 support!

#crypto2023 #cryptocurrency
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ChainLink (LINK) Boğa Piyasasının Yaklaştığını Mı İşaret Ediyor?ChainLink ( #LINK ) 2021 yılı mayıs ayında ulaştığı 52 USDT seviyesindeki zirve noktasından oldukça uzakta. Ancak piyasadaki tüm varlıkların benzer kayıplar yaşadığı da ortada. Ancak #Chainlink yaptığı anlaşmalar ve gerçekleştirdiği geliştirmelerle ayı piyasasında bile etkin çalışan projeler arasında yerini korumaya devam ediyor. Teknik anlamda da genellikle ayı dönemlerinin sonunda gerçekleşen bir akümülasyon sürecine girdiğini görebiliriz. Teknik anlamda Chainlink'in bu bölgeyi kırması ile birlikte sırasıyla kırmızı alanlarla belirtilen direnç bölgelerine doğru hareket etmesi gerekir. Ancak grafiğin haftalık olduğunu ve her bir mumun bir haftayı temsil ettiğini unutmamak gerekir. Bu kısa vadeli bir hedef değil. Yatırım yapmadan önce incelemenizi tavsiye ederim. Chainlink (LINK) Nedir? Özellikleri Nelerdir? Chainlink (LINK), akıllı sözleşmeleri gerçek dünya verisiyle buluşturmayı hedefleyen bir merkeziyetsiz kahin ( #oracle ) ağıdır. Chainlink, blok zinciri teknolojisini kullanarak, akıllı sözleşmelere gerçek dünyadan verileri güvenli ve güvenilir bir şekilde aktarmayı amaçlamaktadır. Chainlink'in (LINK) özellikleri şunlardır: Merkezi olmayan: Chainlink, merkezi bir veri kaynağına veya otoriteye bağlı değildir. Bu, verilerin daha güvenilir ve bağımsız olmasını sağlar.Güvenli: Chainlink, verileri şifreleyerek ve kriptografi kullanarak korur. Bu, verilerin yetkisiz erişime karşı korunmasını sağlar.Ölçeklenebilir: Chainlink, büyük miktarda veriyi işlemek için ölçeklenebilir bir tasarıma sahiptir. Bu, Chainlink'in gerçek dünya verilerine olan talebi karşılamasına olanak tanır. Chainlink, aşağıdakiler için kullanılabilir: Akıllı sözleşmeler: Chainlink, akıllı sözleşmelere gerçek dünyadan verileri aktarmak için kullanılabilir. Bu, akıllı sözleşmelerin daha karmaşık ve kullanışlı olmasını sağlar.DeFi: Chainlink, #DeFi uygulamaları için veri sağlayıcısı olarak kullanılabilir. Bu, DeFi uygulamalarının daha verimli ve güvenli olmasını sağlar.Gerçek dünya uygulamaları: Chainlink, gerçek dünya uygulamaları için veri sağlayıcısı olarak kullanılabilir. Bu, gerçek dünya uygulamalarının blok zinciri teknolojisinden yararlanmasını sağlar. Chainlink, blok zinciri teknolojisinin gerçek dünyadaki kullanımını genişletme potansiyeline sahiptir. Chainlink, akıllı sözleşmelerin daha güvenilir ve kullanışlı olmasını sağlayarak, blok zinciri teknolojisinin daha geniş bir yelpazede uygulamaya alınmasını teşvik edebilir. Chainlink'in (LINK) bazı avantajları şunlardır: Merkezi olmayan: Chainlink, merkezi bir veri kaynağına veya otoriteye bağlı değildir. Bu, verilerin daha güvenilir ve bağımsız olmasını sağlar.Güvenli: Chainlink, verileri şifreleyerek ve kriptografi kullanarak korur. Bu, verilerin yetkisiz erişime karşı korunmasını sağlar.Ölçeklenebilir: Chainlink, büyük miktarda veriyi işlemek için ölçeklenebilir bir tasarıma sahiptir. Bu, Chainlink'in gerçek dünya verilerine olan talebi karşılamasına olanak tanır. Chainlink'in (LINK) bazı dezavantajları şunlardır: Karmaşık: Chainlink, karmaşık bir teknolojidir. Bu, Chainlink'i bazı kullanıcılar için zorlaştırabilir. Chainlink, kripto para piyasasında önemli bir oyuncudur. Chainlink, blok zinciri teknolojisinin gerçek dünyadaki kullanımını genişletmek için potansiyele sahiptir. Bu açıdan Ethereum gibi önemli projelerin varlığı için de değerlidir. #ETH $LINK $ETH
ChainLink (LINK) Boğa Piyasasının Yaklaştığını Mı İşaret Ediyor?
ChainLink ( #LINK ) 2021 yılı mayıs ayında ulaştığı 52 USDT seviyesindeki zirve noktasından oldukça uzakta. Ancak piyasadaki tüm varlıkların benzer kayıplar yaşadığı da ortada. Ancak #Chainlink yaptığı anlaşmalar ve gerçekleştirdiği geliştirmelerle ayı piyasasında bile etkin çalışan projeler arasında yerini korumaya devam ediyor. Teknik anlamda da genellikle ayı dönemlerinin sonunda gerçekleşen bir akümülasyon sürecine girdiğini görebiliriz.

Teknik anlamda Chainlink'in bu bölgeyi kırması ile birlikte sırasıyla kırmızı alanlarla belirtilen direnç bölgelerine doğru hareket etmesi gerekir. Ancak grafiğin haftalık olduğunu ve her bir mumun bir haftayı temsil ettiğini unutmamak gerekir. Bu kısa vadeli bir hedef değil. Yatırım yapmadan önce incelemenizi tavsiye ederim.

Chainlink (LINK) Nedir? Özellikleri Nelerdir?
Chainlink (LINK), akıllı sözleşmeleri gerçek dünya verisiyle buluşturmayı hedefleyen bir merkeziyetsiz kahin ( #oracle ) ağıdır. Chainlink, blok zinciri teknolojisini kullanarak, akıllı sözleşmelere gerçek dünyadan verileri güvenli ve güvenilir bir şekilde aktarmayı amaçlamaktadır.
Chainlink'in (LINK) özellikleri şunlardır:
Merkezi olmayan: Chainlink, merkezi bir veri kaynağına veya otoriteye bağlı değildir. Bu, verilerin daha güvenilir ve bağımsız olmasını sağlar.Güvenli: Chainlink, verileri şifreleyerek ve kriptografi kullanarak korur. Bu, verilerin yetkisiz erişime karşı korunmasını sağlar.Ölçeklenebilir: Chainlink, büyük miktarda veriyi işlemek için ölçeklenebilir bir tasarıma sahiptir. Bu, Chainlink'in gerçek dünya verilerine olan talebi karşılamasına olanak tanır.
Chainlink, aşağıdakiler için kullanılabilir:
Akıllı sözleşmeler: Chainlink, akıllı sözleşmelere gerçek dünyadan verileri aktarmak için kullanılabilir. Bu, akıllı sözleşmelerin daha karmaşık ve kullanışlı olmasını sağlar.DeFi: Chainlink, #DeFi uygulamaları için veri sağlayıcısı olarak kullanılabilir. Bu, DeFi uygulamalarının daha verimli ve güvenli olmasını sağlar.Gerçek dünya uygulamaları: Chainlink, gerçek dünya uygulamaları için veri sağlayıcısı olarak kullanılabilir. Bu, gerçek dünya uygulamalarının blok zinciri teknolojisinden yararlanmasını sağlar.
Chainlink, blok zinciri teknolojisinin gerçek dünyadaki kullanımını genişletme potansiyeline sahiptir. Chainlink, akıllı sözleşmelerin daha güvenilir ve kullanışlı olmasını sağlayarak, blok zinciri teknolojisinin daha geniş bir yelpazede uygulamaya alınmasını teşvik edebilir.
Chainlink'in (LINK) bazı avantajları şunlardır:
Merkezi olmayan: Chainlink, merkezi bir veri kaynağına veya otoriteye bağlı değildir. Bu, verilerin daha güvenilir ve bağımsız olmasını sağlar.Güvenli: Chainlink, verileri şifreleyerek ve kriptografi kullanarak korur. Bu, verilerin yetkisiz erişime karşı korunmasını sağlar.Ölçeklenebilir: Chainlink, büyük miktarda veriyi işlemek için ölçeklenebilir bir tasarıma sahiptir. Bu, Chainlink'in gerçek dünya verilerine olan talebi karşılamasına olanak tanır.
Chainlink'in (LINK) bazı dezavantajları şunlardır:
Karmaşık: Chainlink, karmaşık bir teknolojidir. Bu, Chainlink'i bazı kullanıcılar için zorlaştırabilir.
Chainlink, kripto para piyasasında önemli bir oyuncudur. Chainlink, blok zinciri teknolojisinin gerçek dünyadaki kullanımını genişletmek için potansiyele sahiptir. Bu açıdan Ethereum gibi önemli projelerin varlığı için de değerlidir. #ETH
$LINK $ETH
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LINK Price Surges with Strong Chainlink PresenceCryptosHeadlines.com - The Leading Crypto Research Network Even as the broader cryptocurrency market experiences a downward trend, Chainlink’s local presence has been notably strong. The price of LINK, an altcoin, surged by more than 10% last week. Ad. Get UPTO $50 USDT Reward From CryptosHeadlines. Visit Official Tweet Currently, LINK has exceeded the $7 mark with a more than 5% increase in the last 24 hours, and its total market value has surpassed $4 billion.During this recent price increase, the activity in Chainlink’s wallet addresses reached its highest point in the past two months. Chainlink has outperformed the broader cryptocurrency market and has successfully crossed the resistance level at $6.80. Yesterday, the number of different wallet addresses interacting with Chainlink’s network reached 3,964, marking the highest level in the past two months. By surpassing the resistance at $7.5, LINK has managed to recover all its losses from the mid-August crash. While the recent 21.55% price increase has helped the altcoin regain a significant portion of its losses, it still needs more momentum to sustain its upward trajectory. To ensure a sustained rally, Chainlink must overcome the resistance at $7.4 and reach the $7.5 level. However, if the LINK bulls cannot maintain the momentum, the altcoin’s price could drop to $6.0. This possibility is indicated by the three Exponential Moving Averages displayed in the chart, which have converged near this level. Chainlink’s On-Chain Data Signals Resilience With the strong bullish momentum in play, the likelihood of a significant price drop for LINK appears quite low. On-chain data, particularly the decrease in LINK held in cryptocurrency exchange wallet addresses, strongly suggests an upward trend. Over the past week, the total amount of LINK in exchange wallets has decreased by over 5 million tokens, equivalent to roughly $35.4 million. This reduction indicates a decrease in selling pressure. Furthermore, the accumulation of LINK by large holders, known as whales, adds to this positive sentiment. During the recent price rally, wallet addresses holding between 10,000 and 100,000 LINK have amassed approximately 3 million LINK, valued at around $21 million. In other news, the blockchain oracle network Chainlink has recently partnered with the Ethereum Layer 2 scaling protocol Arbitrum (ARB) to enhance the development of cross-chain decentralized applications. In a joint announcement on September 21, these two protocols revealed the mainnet launch of the Chainlink Cross-Chain Interoperability Protocol (CCIP) on Arbitrum One. This collaboration offers developers access to Chainlink’s solutions by harnessing Arbitrum’s high-efficiency and cost-effective scaling capabilities.The integration of CCIP and Arbitrum One aims to unlock a wide array of applications, including cross-chain tokenization, collateralization, blockchain-based gaming, and data storage and computation. Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice. #cryptomarket #Bitcoin #CryptoNews #LINK #Chainlink
LINK Price Surges with Strong Chainlink Presence
CryptosHeadlines.com - The Leading Crypto Research Network

Even as the broader cryptocurrency market experiences a downward trend, Chainlink’s local presence has been notably strong. The price of LINK, an altcoin, surged by more than 10% last week.

Ad. Get UPTO $50 USDT Reward From CryptosHeadlines. Visit Official Tweet
Currently, LINK has exceeded the $7 mark with a more than 5% increase in the last 24 hours, and its total market value has surpassed $4 billion.During this recent price increase, the activity in Chainlink’s wallet addresses reached its highest point in the past two months. Chainlink has outperformed the broader cryptocurrency market and has successfully crossed the resistance level at $6.80. Yesterday, the number of different wallet addresses interacting with Chainlink’s network reached 3,964, marking the highest level in the past two months.
By surpassing the resistance at $7.5, LINK has managed to recover all its losses from the mid-August crash. While the recent 21.55% price increase has helped the altcoin regain a significant portion of its losses, it still needs more momentum to sustain its upward trajectory. To ensure a sustained rally, Chainlink must overcome the resistance at $7.4 and reach the $7.5 level.
However, if the LINK bulls cannot maintain the momentum, the altcoin’s price could drop to $6.0. This possibility is indicated by the three Exponential Moving Averages displayed in the chart, which have converged near this level.
Chainlink’s On-Chain Data Signals Resilience
With the strong bullish momentum in play, the likelihood of a significant price drop for LINK appears quite low. On-chain data, particularly the decrease in LINK held in cryptocurrency exchange wallet addresses, strongly suggests an upward trend. Over the past week, the total amount of LINK in exchange wallets has decreased by over 5 million tokens, equivalent to roughly $35.4 million. This reduction indicates a decrease in selling pressure.
Furthermore, the accumulation of LINK by large holders, known as whales, adds to this positive sentiment. During the recent price rally, wallet addresses holding between 10,000 and 100,000 LINK have amassed approximately 3 million LINK, valued at around $21 million.
In other news, the blockchain oracle network Chainlink has recently partnered with the Ethereum Layer 2 scaling protocol Arbitrum (ARB) to enhance the development of cross-chain decentralized applications. In a joint announcement on September 21, these two protocols revealed the mainnet launch of the Chainlink Cross-Chain Interoperability Protocol (CCIP) on Arbitrum One. This collaboration offers developers access to Chainlink’s solutions by harnessing Arbitrum’s high-efficiency and cost-effective scaling capabilities.The integration of CCIP and Arbitrum One aims to unlock a wide array of applications, including cross-chain tokenization, collateralization, blockchain-based gaming, and data storage and computation.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#cryptomarket #Bitcoin #CryptoNews #LINK #Chainlink
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LINK Price Surges 5% Above $7.0 on Increased Chainlink ActivityCryptosHeadlines.com - The Leading Crypto Research Network The current upward momentum could push Chainlink’s price above $7.5, making up for all the losses it experienced in mid-August. Ad. Get UPTO $50 USDT Reward From CryptosHeadlines. Visit Official Tweet Despite the crypto market’s ups and downs, Chainlink, an oracle service provider, has been a strong performer. Its LINK token has gained over 10% in the past week and has recently risen over 5%, surpassing $7.00 and reaching a market cap of $4 billion.During this price increase, Chainlink’s on-chain activity has reached a two-month high. Santiment, a data provider, noted that Chainlink is doing better than the broader crypto market and has broken through the $6.80 resistance level. The number of unique addresses interacting with the LINK network reached 3,964 recently, the highest in the past two months. Courtesy: Santiment If Chainlink’s LINK price can go above the $7.5 resistance, it will recover all the losses it experienced during the mid-August crash. Although it has bounced back by 21.55%, it still needs more momentum to continue rising. For a sustained rally, it’s crucial that the price establishes support at the $7.4 level and breaks through the $7.5 mark. However, if the LINK bulls can’t maintain this momentum, the altcoin’s price could drop to $6.0. This is because all three exponential averages currently converge around that price level. Chainlink On-Chain Data Indicates Strength With the strong upward momentum in Chainlink (LINK) price, a significant drop is becoming less likely. Network activity is showing mainly bullish signals, especially when looking at the LINK supply on exchanges. Over the past week, there has been a decrease of over 5 million LINK (about $35.4 million) in the total LINK held in exchange wallets. This decline indicates a decrease in selling pressure. Adding to this positive outlook is the noticeable accumulation of LINK tokens by large investors. During the recent price rally, addresses holding between 10,000 and 100,000 LINK tokens have seen an increase of 3 million LINK (approximately $21 million). Courtesy: Santiment Chainlink Arrives on Ethereum Layer-2 Arbitrum The Chainlink oracle network and Ethereum’s layer-2 scaling protocol Arbitrum have come together to make it easier to create decentralized applications that work across different blockchains. They recently announced the launch of the Chainlink Cross-Chain Interoperability Protocol (CCIP) on Arbitrum One’s mainnet. This partnership allows developers to use Chainlink’s tools with the fast and cost-effective scaling capabilities of Arbitrum.By combining CCIP and Arbitrum One, they hope to enable various applications like moving tokens between different blockchains, using assets as collateral, creating blockchain games, and managing data storage and processing. Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice. #cryptomarket #Bitcoin #CryptoNews #LINK #Chainlink
LINK Price Surges 5% Above $7.0 on Increased Chainlink Activity
CryptosHeadlines.com - The Leading Crypto Research Network

The current upward momentum could push Chainlink’s price above $7.5, making up for all the losses it experienced in mid-August.

Ad. Get UPTO $50 USDT Reward From CryptosHeadlines. Visit Official Tweet
Despite the crypto market’s ups and downs, Chainlink, an oracle service provider, has been a strong performer. Its LINK token has gained over 10% in the past week and has recently risen over 5%, surpassing $7.00 and reaching a market cap of $4 billion.During this price increase, Chainlink’s on-chain activity has reached a two-month high. Santiment, a data provider, noted that Chainlink is doing better than the broader crypto market and has broken through the $6.80 resistance level. The number of unique addresses interacting with the LINK network reached 3,964 recently, the highest in the past two months.

Courtesy: Santiment
If Chainlink’s LINK price can go above the $7.5 resistance, it will recover all the losses it experienced during the mid-August crash. Although it has bounced back by 21.55%, it still needs more momentum to continue rising. For a sustained rally, it’s crucial that the price establishes support at the $7.4 level and breaks through the $7.5 mark.
However, if the LINK bulls can’t maintain this momentum, the altcoin’s price could drop to $6.0. This is because all three exponential averages currently converge around that price level.
Chainlink On-Chain Data Indicates Strength
With the strong upward momentum in Chainlink (LINK) price, a significant drop is becoming less likely.
Network activity is showing mainly bullish signals, especially when looking at the LINK supply on exchanges. Over the past week, there has been a decrease of over 5 million LINK (about $35.4 million) in the total LINK held in exchange wallets. This decline indicates a decrease in selling pressure.
Adding to this positive outlook is the noticeable accumulation of LINK tokens by large investors. During the recent price rally, addresses holding between 10,000 and 100,000 LINK tokens have seen an increase of 3 million LINK (approximately $21 million).

Courtesy: Santiment
Chainlink Arrives on Ethereum Layer-2 Arbitrum
The Chainlink oracle network and Ethereum’s layer-2 scaling protocol Arbitrum have come together to make it easier to create decentralized applications that work across different blockchains.
They recently announced the launch of the Chainlink Cross-Chain Interoperability Protocol (CCIP) on Arbitrum One’s mainnet. This partnership allows developers to use Chainlink’s tools with the fast and cost-effective scaling capabilities of Arbitrum.By combining CCIP and Arbitrum One, they hope to enable various applications like moving tokens between different blockchains, using assets as collateral, creating blockchain games, and managing data storage and processing.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#cryptomarket #Bitcoin #CryptoNews #LINK #Chainlink
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What's Next for Chainlink (LINK) After Its %9 One-Day Gain in a Rising Market?With today's massive cryptocurrency market rally, the price of #Chainlink 's native token #LINK , which is used to pay for Oracle services, has skyrocketed. With its current price of $6.80 and 24-hour trading volume of $198 million, the cryptocurrency has gained 9.02%. Massive token transfers from the network wallet to exchanges may have an impact on the LINK price in the coming days. On September 16th, $119 million worth of LINK tokens were moved from four Chainlink wallets across multiple platforms. The initial purpose of these wallets was to store pre-launch coins. Recently, however, over 15.7 million LINK tokens (about $100 million) were transferred out of these wallets and sent to Binance. In addition, a multi-signature wallet with the identifier 0xD50f had 3.05 million LINK tokens (about $19 million) disappear. Investors are anticipating the LINK price response after these monumental on-chain actions and their possible repercussions. LINK Surpasses the Critical $6.30 Price Point A bullish engulfing pattern is building in LINK's current uptrend, which should help the stock price push through the $6.3 resistance level. While LINK is currently below its 200-day SMA, today's green candle has broken above the 50-day SMA, indicating rising buying pressure. As a result of buying pressure from investors near the $6.1 support level, the cryptocurrency staged a strong recovery on September 17 and 18. In addition, the 58.00 value of the Relative Strength Index (RSI) indicates that the market is becoming overbought and is moving away from the neutral zone. The $6.3 level was a barrier today, but $LINK managed to push beyond it. As a result, the purchasers will likely keep the rally going in the days to come. Also, the Moving Average Convergence/Divergence indicator's green Histogram bars indicate a strong purchase signal. If investors keep buying tokens, the cryptocurrency's price will continue to rise in the days ahead. Long-term, however, purchasers may back down after the September 16 unlock and transfer of 21 million LINK tokens. Stocks of whales are rising after a quick check. Gains in LINK's price have been observed since August 31, when Chainlink formed a collaboration with Swift and others. In an experiment, tokenized value was successfully moved across several private and public blockchains using the interbank communication technology Swift and Chainlink. This encouraging news increased demand for LINK tokens, which might lead to a price increase. Chainlink's top-tier holders, those who own between 100,000 and 10,000,000 LINK tokens, were seen by Santiment actively buying more tokens on September 7. From December 3, 2022, the number of wallets holding between 10,000 and 100,000 LINK tokens has climbed to 3,127. In only three days, these wallets amassed $9.6 million worth of LINK, or 0.154% of the total supply. According to Santiment's data, 98 more such wallets were established within that time period. A crypto specialist named Ali reported on September 9 that these whales spent $24 million buying almost 4 million LINK coins in only 10 days. These stockpiles indicate that investors are becoming more enthusiastic about Chainlink, which should boost demand and the token's price in the days ahead.
What's Next for Chainlink (LINK) After Its %9 One-Day Gain in a Rising Market?
With today's massive cryptocurrency market rally, the price of #Chainlink 's native token #LINK , which is used to pay for Oracle services, has skyrocketed. With its current price of $6.80 and 24-hour trading volume of $198 million, the cryptocurrency has gained 9.02%.

Massive token transfers from the network wallet to exchanges may have an impact on the LINK price in the coming days. On September 16th, $119 million worth of LINK tokens were moved from four Chainlink wallets across multiple platforms.

The initial purpose of these wallets was to store pre-launch coins. Recently, however, over 15.7 million LINK tokens (about $100 million) were transferred out of these wallets and sent to Binance. In addition, a multi-signature wallet with the identifier 0xD50f had 3.05 million LINK tokens (about $19 million) disappear.

Investors are anticipating the LINK price response after these monumental on-chain actions and their possible repercussions.

LINK Surpasses the Critical $6.30 Price Point

A bullish engulfing pattern is building in LINK's current uptrend, which should help the stock price push through the $6.3 resistance level. While LINK is currently below its 200-day SMA, today's green candle has broken above the 50-day SMA, indicating rising buying pressure.

As a result of buying pressure from investors near the $6.1 support level, the cryptocurrency staged a strong recovery on September 17 and 18. In addition, the 58.00 value of the Relative Strength Index (RSI) indicates that the market is becoming overbought and is moving away from the neutral zone.

The $6.3 level was a barrier today, but $LINK managed to push beyond it. As a result, the purchasers will likely keep the rally going in the days to come. Also, the Moving Average Convergence/Divergence indicator's green Histogram bars indicate a strong purchase signal.

If investors keep buying tokens, the cryptocurrency's price will continue to rise in the days ahead. Long-term, however, purchasers may back down after the September 16 unlock and transfer of 21 million LINK tokens.

Stocks of whales are rising after a quick check.

Gains in LINK's price have been observed since August 31, when Chainlink formed a collaboration with Swift and others. In an experiment, tokenized value was successfully moved across several private and public blockchains using the interbank communication technology Swift and Chainlink.

This encouraging news increased demand for LINK tokens, which might lead to a price increase. Chainlink's top-tier holders, those who own between 100,000 and 10,000,000 LINK tokens, were seen by Santiment actively buying more tokens on September 7.

From December 3, 2022, the number of wallets holding between 10,000 and 100,000 LINK tokens has climbed to 3,127. In only three days, these wallets amassed $9.6 million worth of LINK, or 0.154% of the total supply. According to Santiment's data, 98 more such wallets were established within that time period.

A crypto specialist named Ali reported on September 9 that these whales spent $24 million buying almost 4 million LINK coins in only 10 days.

These stockpiles indicate that investors are becoming more enthusiastic about Chainlink, which should boost demand and the token's price in the days ahead.
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🚀 $LINK : On the Verge of Breaking Barriers! 📈🌐 #Chainlink ( #LINK ) is poised for a potential breakthrough as it gears up to conquer a significant resistance level, driven by a combination of compelling developments and positive technical signals. 🔗 Blockchain Revolution in Progress: The Australia and New Zealand Banking Group (ANZ) is making waves in the financial sector with its bold foray into blockchain technology. ANZ, led by Nigel Dobson, the banking services portfolio lead, is actively exploring the tokenization of real-world assets using Chainlink. This visionary move underscores the bank's recognition of the "real value" in tokenizing assets like the Australian dollar. Such innovation has the potential to reshape the financial industry as we currently know it. 📈 Market Response: Traders have welcomed this groundbreaking development with open arms, propelling LINK's price to soar by more than 6% within the past 24 hours. This bullish momentum has also propelled LINK's weekly performance firmly into positive territory. 📊 Technical Optimism: Further bolstering LINK's potential, technical indicators on the daily chart suggest that the altcoin's price may experience continued growth in the next 24-48 hours. Should this bullish trajectory persist, LINK could gain the necessary support to transform a pivotal resistance level into solid support in the near future. This confluence of factors positions LINK for an exciting journey ahead, as it seeks to break barriers and pave the way for new possibilities in the #blockchain and #cryptocurrency landscape. Stay tuned for further developments in this dynamic space! 🌟🚀📊 📝 Disclaimer: Cryptocurrency markets are inherently volatile, and price movements can change rapidly. The information provided is for informational purposes only and should not be considered financial or investment advice. 🙏 Please FOLLOW & LIKE 🙏 It's Motivates me a LOT ❤️
🚀 $LINK : On the Verge of Breaking Barriers! 📈🌐

#Chainlink ( #LINK ) is poised for a potential breakthrough as it gears up to conquer a significant resistance level, driven by a combination of compelling developments and positive technical signals.

🔗 Blockchain Revolution in Progress:

The Australia and New Zealand Banking Group (ANZ) is making waves in the financial sector with its bold foray into blockchain technology. ANZ, led by Nigel Dobson, the banking services portfolio lead, is actively exploring the tokenization of real-world assets using Chainlink. This visionary move underscores the bank's recognition of the "real value" in tokenizing assets like the Australian dollar. Such innovation has the potential to reshape the financial industry as we currently know it.

📈 Market Response:

Traders have welcomed this groundbreaking development with open arms, propelling LINK's price to soar by more than 6% within the past 24 hours. This bullish momentum has also propelled LINK's weekly performance firmly into positive territory.

📊 Technical Optimism:

Further bolstering LINK's potential, technical indicators on the daily chart suggest that the altcoin's price may experience continued growth in the next 24-48 hours. Should this bullish trajectory persist, LINK could gain the necessary support to transform a pivotal resistance level into solid support in the near future.

This confluence of factors positions LINK for an exciting journey ahead, as it seeks to break barriers and pave the way for new possibilities in the #blockchain and #cryptocurrency landscape. Stay tuned for further developments in this dynamic space! 🌟🚀📊

📝 Disclaimer: Cryptocurrency markets are inherently volatile, and price movements can change rapidly. The information provided is for informational purposes only and should not be considered financial or investment advice.

🙏 Please FOLLOW & LIKE 🙏 It's Motivates me a LOT ❤️
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ANZ and Chainlink Collaborate to Advance Cross-Chain Stablecoin TransactionsThe world of finance is evolving at a remarkable pace, driven by technological advancements and the rise of cryptocurrencies. In this landscape of innovation, the Australia and New Zealand Banking Group (ANZ) has taken a significant step forward by successfully conducting a test transaction involving its bank-issued stablecoin, A$DC, in collaboration with Chainlink's Cross-Chain Interoperability Protocol (CCIP).. ANZ's Milestone Achievement with CCIP ANZ, one of the world's largest global banks, recently reached a crucial milestone by conducting a test transaction on Chainlink's CCIP. This accomplishment marks a pivotal moment for the institution and signifies its commitment to embracing blockchain technology. Tokenizing Real-World Assets with A$DC The test transaction simulated the purchase of a tokenized asset using A$DC and an ANZ-issued New Zealand dollar-denominated stablecoin. ANZ's exploration of blockchain networks is part of its strategy to identify the most effective applications for its Australian dollar stablecoin within decentralized networks. CCIP's Role in Secure Cross-Chain Transactions The successful test transaction demonstrates the growing prominence of Chainlink and CCIP as standard solutions for facilitating secure interbank transactions. ANZ's endorsement of CCIP underscores the potential for this technology to revolutionize cross-chain stablecoin transactions. ANZ's Vision for Tokenized Assets Nigel Dobson, the lead for ANZ's banking services portfolio, emphasizes the value of tokenizing real-world assets like the Australian dollar. This development has the potential to reshape the banking industry by making transactions more efficient and secure. ANZ's Leadership in Stablecoin Innovation ANZ made history in March 2022 by minting the first A$DC stablecoin, becoming the first Australian bank to do so. This move showcased ANZ's commitment to embracing blockchain technology and staying at the forefront of stablecoin innovation. Traditional Banking vs. Cryptocurrency Ecosystem While ANZ and some other traditional banks have embraced blockchain and cryptocurrencies, there is still tension between traditional banking institutions and the burgeoning cryptocurrency ecosystem. We'll explore the recent regulatory stances taken by some banks and their rationale for restricting bank transfers to certain cryptocurrency exchanges. We'll delve deeper into each of these aspects, shedding light on how ANZ's collaboration with Chainlink's CCIP is not just a milestone for the bank but also a significant development in the broader financial landscape. It highlights the potential of blockchain and stablecoins to transform traditional banking as we know it. #ANZ #Chainlink #CCIP #Stablecoin #LINK $LINK
ANZ and Chainlink Collaborate to Advance Cross-Chain Stablecoin Transactions
The world of finance is evolving at a remarkable pace, driven by technological advancements and the rise of cryptocurrencies. In this landscape of innovation, the Australia and New Zealand Banking Group (ANZ) has taken a significant step forward by successfully conducting a test transaction involving its bank-issued stablecoin, A$DC, in collaboration with Chainlink's Cross-Chain Interoperability Protocol (CCIP)..

ANZ's Milestone Achievement with CCIP

ANZ, one of the world's largest global banks, recently reached a crucial milestone by conducting a test transaction on Chainlink's CCIP. This accomplishment marks a pivotal moment for the institution and signifies its commitment to embracing blockchain technology.

Tokenizing Real-World Assets with A$DC

The test transaction simulated the purchase of a tokenized asset using A$DC and an ANZ-issued New Zealand dollar-denominated stablecoin. ANZ's exploration of blockchain networks is part of its strategy to identify the most effective applications for its Australian dollar stablecoin within decentralized networks.

CCIP's Role in Secure Cross-Chain Transactions

The successful test transaction demonstrates the growing prominence of Chainlink and CCIP as standard solutions for facilitating secure interbank transactions. ANZ's endorsement of CCIP underscores the potential for this technology to revolutionize cross-chain stablecoin transactions.

ANZ's Vision for Tokenized Assets

Nigel Dobson, the lead for ANZ's banking services portfolio, emphasizes the value of tokenizing real-world assets like the Australian dollar. This development has the potential to reshape the banking industry by making transactions more efficient and secure.

ANZ's Leadership in Stablecoin Innovation

ANZ made history in March 2022 by minting the first A$DC stablecoin, becoming the first Australian bank to do so. This move showcased ANZ's commitment to embracing blockchain technology and staying at the forefront of stablecoin innovation.

Traditional Banking vs. Cryptocurrency Ecosystem

While ANZ and some other traditional banks have embraced blockchain and cryptocurrencies, there is still tension between traditional banking institutions and the burgeoning cryptocurrency ecosystem. We'll explore the recent regulatory stances taken by some banks and their rationale for restricting bank transfers to certain cryptocurrency exchanges.

We'll delve deeper into each of these aspects, shedding light on how ANZ's collaboration with Chainlink's CCIP is not just a milestone for the bank but also a significant development in the broader financial landscape. It highlights the potential of blockchain and stablecoins to transform traditional banking as we know it.

#ANZ #Chainlink #CCIP #Stablecoin #LINK $LINK
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🔗 Chainlink's Strategic Moves: Noncirculating Supply Boosts #Binance with 15.7M $LINK ($97.5M) Deposit! 💼🚀 In a calculated financial maneuver, the Chainlink Noncirculating Supply wallet initiated a substantial deposit of 15.7 million $LINK tokens, valued at an impressive $97.5 million, into the Binance exchange on the previous day. 🔄 Strategic Consistency: It's noteworthy that the Chainlink Noncirculating Supply wallet has maintained a consistent pattern of depositing #LINK tokens into Binance every three months, commencing this strategic move on August 26, 2022. Cumulatively, these deposits have now reached a substantial total of 71.8 million LINK tokens, equivalent to a formidable $446 million. 📜 Wallet Address for Reference: Wallet Address: 0x9B1c1752B6B6eAF62a8c491A8681B32C1F7ecDE9 These deliberate actions underscore the strategic approach taken by #Chainlink in optimizing its token holdings and liquidity management. Such initiatives are closely monitored by the #crypto community as they influence market dynamics and token availability. Stay tuned for further developments! 📊🔍🌐 Disclaimer: The information provided here is for informational purposes only and should not be considered as financial or investment advice. Cryptocurrency markets are highly volatile and can experience rapid price fluctuations. Trading or investing in cryptocurrencies carries inherent risks, and it is essential to conduct thorough research and consult with a qualified financial advisor before making any investment decisions. Additionally, past price performance is not indicative of future results, and market dynamics can change rapidly. Always exercise caution and prudence when participating in #cryptocurrency markets. 🙏 Please FOLLOW & LIKE 🙏 It's Motivates me a LOT ❤️
🔗 Chainlink's Strategic Moves: Noncirculating Supply Boosts #Binance with 15.7M $LINK ($97.5M) Deposit! 💼🚀

In a calculated financial maneuver, the Chainlink Noncirculating Supply wallet initiated a substantial deposit of 15.7 million $LINK tokens, valued at an impressive $97.5 million, into the Binance exchange on the previous day.

🔄 Strategic Consistency:

It's noteworthy that the Chainlink Noncirculating Supply wallet has maintained a consistent pattern of depositing #LINK tokens into Binance every three months, commencing this strategic move on August 26, 2022. Cumulatively, these deposits have now reached a substantial total of 71.8 million LINK tokens, equivalent to a formidable $446 million.

📜 Wallet Address for Reference:

Wallet Address: 0x9B1c1752B6B6eAF62a8c491A8681B32C1F7ecDE9

These deliberate actions underscore the strategic approach taken by #Chainlink in optimizing its token holdings and liquidity management. Such initiatives are closely monitored by the #crypto community as they influence market dynamics and token availability. Stay tuned for further developments! 📊🔍🌐

Disclaimer: The information provided here is for informational purposes only and should not be considered as financial or investment advice. Cryptocurrency markets are highly volatile and can experience rapid price fluctuations. Trading or investing in cryptocurrencies carries inherent risks, and it is essential to conduct thorough research and consult with a qualified financial advisor before making any investment decisions. Additionally, past price performance is not indicative of future results, and market dynamics can change rapidly. Always exercise caution and prudence when participating in #cryptocurrency markets.

🙏 Please FOLLOW & LIKE 🙏 It's Motivates me a LOT ❤️
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The #Chainlink  (LINK) price saved a breakdown by bouncing on Feb. 1. An increase above the current pattern could accelerate the rate of increase toward $7.90 and possibly $9.48. Most of the Chainlink news is related to dynamic non-fungible tokens (dNFTs), which are NFTs. #dyor
The #Chainlink  (LINK) price saved a breakdown by bouncing on Feb. 1. An increase above the current pattern could accelerate the rate of increase toward $7.90 and possibly $9.48.
Most of the Chainlink news is related to dynamic non-fungible tokens (dNFTs), which are NFTs.
#dyor
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🗞️ — #Chainlink staking started Tuesday, and 7 million $LINK #tokens, valued at about $51 million, were locked in the first 30 minutes. The protocol is paying out 4.75% in annualized rewards to stakers in the form of #LINK tokens!
🗞️ — #Chainlink staking started Tuesday, and 7 million $LINK #tokens, valued at about $51 million, were locked in the first 30 minutes.

The protocol is paying out 4.75% in annualized rewards to stakers in the form of #LINK tokens!
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#Binance #Chainlink Chainlink is a decentralized oracle network that aims to bring real-world data onto the blockchain.Chainlink provides a decentralized infrastructure that allows smart contracts to securely access off-chain data feeds, web APIs, and traditional bank payments.
#Binance #Chainlink
Chainlink is a decentralized oracle network that aims to bring real-world data onto the blockchain.Chainlink provides a decentralized infrastructure that allows smart contracts to securely access off-chain data feeds, web APIs, and traditional bank payments.
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Fun Fact: #ICP has a feature called HTTPS Outcalls which makes oracles such as #Chainlink and #BandProtocol Obsolete, as it enables direct interaction with the outside world Wanna learn more on this? check https://internetcomputer.org/https-outcalls
Fun Fact:
#ICP has a feature called HTTPS Outcalls which makes oracles such as #Chainlink and #BandProtocol Obsolete, as it enables direct interaction with the outside world

Wanna learn more on this?
check https://internetcomputer.org/https-outcalls
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The guntherrichdog NFT collection is integrating #Chainlink VRF to support the launch of unique digital collectibles based on the new netflix Original Series Gunther’s Millions. #nftcommunity #NFT #dyor #crypto101
The guntherrichdog NFT collection is integrating #Chainlink VRF to support the launch of unique digital collectibles based on the new netflix Original Series Gunther’s Millions.

#nftcommunity #NFT #dyor #crypto101
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CHAINLINK PRICE ANALYSIS: "Will the Bears Lead the Rally Amid Link's Resistance?"#Chainlink price is currently displaying promising signs above the $6.80 mark. If there is a clear and decisive move above the $7.40 resistance zone, the price could potentially rally.  Following a significant decline, the LINK price found support near the $6.00 zone against the US Dollar, with a low of $5.90 being formed. Since then, the price has started a fresh increase, similar to that of Bitcoin and Ethereum. The cryptocurrency has experienced a significant upward trend, surpassing both the $6.50 and $7.00 resistance levels with ease. In fact, it even came close to reaching $7.50. However, the price has since corrected itself and is currently experiencing a minor decline below the $7.25 level. This drop is attributed to the retracement of the upward move from the $6.38 swing low to the $7.48 high, which has fallen below the 23.6% Fib retracement level. The Chainlink price is currently maintaining its position above the crucial $6.90 level and the 200-hour simple moving average. Additionally, a significant bullish trend line is emerging, providing support near $7.08 on the 4-hour chart of the LINK/USD pair.  #link is currently encountering resistance in the vicinity of $7.30. The first significant obstacle lies at the $7.50 mark. If this level is surpassed, it could potentially trigger a new surge towards the $8.50 and $8.80 thresholds. The following major hurdle is situated at the $9.20 level, and if the price manages to surpass it, it could revisit the $10 mark. If the price of Chainlink fails to surpass the resistance level of $7.50, it may gradually decline. The initial support on the downside is located near the $7.00 level and the trend line. If the trend line support is broken, the price may drop further towards $6.80 or the 61.8% Fibonacci retracement level of the upward movement from the $6.38 swing low to $7.48 high. In the event of further losses, the price may reach the $6.50 level. KEY LEVELS : RESISTANCE LEVEL : $7.30-$7.80 SUPPORT LEVEL : $6.80-$6.40 Disclaimer: #crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice. #crypto2023 #coingabbar
CHAINLINK PRICE ANALYSIS: "Will the Bears Lead the Rally Amid Link's Resistance?"
#Chainlink price is currently displaying promising signs above the $6.80 mark. If there is a clear and decisive move above the $7.40 resistance zone, the price could potentially rally. 

Following a significant decline, the LINK price found support near the $6.00 zone against the US Dollar, with a low of $5.90 being formed. Since then, the price has started a fresh increase, similar to that of Bitcoin and Ethereum.

The cryptocurrency has experienced a significant upward trend, surpassing both the $6.50 and $7.00 resistance levels with ease. In fact, it even came close to reaching $7.50. However, the price has since corrected itself and is currently experiencing a minor decline below the $7.25 level. This drop is attributed to the retracement of the upward move from the $6.38 swing low to the $7.48 high, which has fallen below the 23.6% Fib retracement level.

The Chainlink price is currently maintaining its position above the crucial $6.90 level and the 200-hour simple moving average. Additionally, a significant bullish trend line is emerging, providing support near $7.08 on the 4-hour chart of the LINK/USD pair. 

#link is currently encountering resistance in the vicinity of $7.30. The first significant obstacle lies at the $7.50 mark. If this level is surpassed, it could potentially trigger a new surge towards the $8.50 and $8.80 thresholds. The following major hurdle is situated at the $9.20 level, and if the price manages to surpass it, it could revisit the $10 mark.

If the price of Chainlink fails to surpass the resistance level of $7.50, it may gradually decline. The initial support on the downside is located near the $7.00 level and the trend line. If the trend line support is broken, the price may drop further towards $6.80 or the 61.8% Fibonacci retracement level of the upward movement from the $6.38 swing low to $7.48 high. In the event of further losses, the price may reach the $6.50 level.

KEY LEVELS :

RESISTANCE LEVEL : $7.30-$7.80

SUPPORT LEVEL : $6.80-$6.40

Disclaimer: #crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.

#crypto2023 #coingabbar
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