Tonight, it's LINK's turn.
Yesterday at Link:NYC, @chainlink officially launched Chainlink 24/7.
RWAs like stocks and commodities can now get continuous pricing on weekends and holidays too.
Aave said it will integrate this with stock-collateralized lending on Horizon, so institutions can manage positions over the weekend as well.
The news hit the market, but the price didn't take off.
Yesterday it briefly touched around 12, then sank to close near 10.6; today it dipped again to around 10.3 and is now back around 11.1.
I’m more inclined to see this as a long-term catalyst.
Round-the-clock pricing will only gradually feed into the token price once lending and perpetuals actually use it; announcements alone can’t hold things up when the broader market is selling off.
For the short term, watch two levels.
Around 12 above—the level it spiked to yesterday. Getting back above it would show the news is starting to get priced in.
Around 10.3 below—today’s low. Losing that would show it’s still moving with the broader market.
Do you believe 24/7 pricing will gradually lift the valuation, or should we first see if 10.3 holds?
$LINK
#Chainlink #RWA
Yesterday at Link:NYC, @chainlink officially launched Chainlink 24/7.
RWAs like stocks and commodities can now get continuous pricing on weekends and holidays too.
Aave said it will integrate this with stock-collateralized lending on Horizon, so institutions can manage positions over the weekend as well.
The news hit the market, but the price didn't take off.
Yesterday it briefly touched around 12, then sank to close near 10.6; today it dipped again to around 10.3 and is now back around 11.1.
I’m more inclined to see this as a long-term catalyst.
Round-the-clock pricing will only gradually feed into the token price once lending and perpetuals actually use it; announcements alone can’t hold things up when the broader market is selling off.
For the short term, watch two levels.
Around 12 above—the level it spiked to yesterday. Getting back above it would show the news is starting to get priced in.
Around 10.3 below—today’s low. Losing that would show it’s still moving with the broader market.
Do you believe 24/7 pricing will gradually lift the valuation, or should we first see if 10.3 holds?
$LINK
#Chainlink #RWA
