With Bitcoin’s rise, $LINK’s price recovered from $13.26, achieving a notable 22% gain in the past week, reaching and surpassing $16.
The recent market recovery significantly impacted Chainlink’s market capitalization, which jumped 1.30% in just 24 hours, placing it 15th on CoinMarketCap. Chainlink is experiencing several positive developments, indicating strong bullish sentiment among investors and traders.
The project has partnered with some of the world’s largest financial institutions, highlighting its promising future and the potential for its price to surge at any time.
Chainlink Partners with Global Financial Giants to Revolutionize Capital Markets
Chainlink is a blockchain-based cryptocurrency network that bridges the gap between the real world and smart contracts. Within Chainlink, multiple subcontracts can be created, drawing data from only the most trusted nodes and oracles to ensure premium accuracy.
$LINK is the native token used to pay for services on the Chainlink network and can be traded for traditional currency or other digital currencies. Major global financial firms have partnered with Chainlink to transition capital markets onto the blockchain and access the tokenized asset economy.
In an X post, Chainlink announced that on March 17th, DTCC launched its Smart NAV industry pilot in collaboration with Chainlink and 10 major market participants.
We’re excited to share the results of a new Smart NAV industry pilot between @The_DTCC, Chainlink, and 10 of the world’s largest financial institutions that delivered key mutual fund data onchain.
Full report: https://t.co/ob3K0s4g86
The significance for fund tokenization 🧵 pic.twitter.com/74zocXa2s0
— Chainlink (@chainlink) May 16, 2024
$LINK Crypto Price Prediction
Chainlink’s current price is $16.45, with a 24-hour trading volume of $830.46 million and a market cap of $9.66 billion, $LINK’s price has risen by 1.22%. If the bullish trend continues, $LINK could reach resistance levels at $17.55 and $18.01.
Conversely, if the trend reverses, the price might drop to support levels at $15.85 and $13.09. Chainlink is currently trading above its 200-day simple moving average (SMA) of $15.89. For 2024, the bullish price prediction for $LINK is $28.80, while the bearish prediction, if negative sentiment prevails, is $11.50.
Check out the comprehensive analysis of Chainlink’s price prediction in the video above and subscribe to his YouTube channel. Additionally, you can join Jacob Crypto Bury’s Discord channel for valuable trading insights and information on upcoming crypto presales.
Why 99Bitcoins Could Outperform Chainlink in 2024
If Chainlink proves to be a strong investment in 2024, the year could be favorable for the crypto. However, there is also significant potential in crypto presales, such as the new ‘Learn-to-Earn’ crypto, 99Bitcoins.
This platform allows both crypto beginners and seasoned Web3 enthusiasts to enhance their crypto knowledge, covering topics from blockchain fundamentals to trading signals and strategies.
Through engaging with diverse educational materials, participants have the opportunity to acquire $99BTC tokens and advance their standing within the network.
This platform extends the educational heritage of 99Bitcoins by introducing a token-based ecosystem tailored to compensate individuals for expanding their understanding of cryptocurrency.
Offering a blend of educational materials and incentivized learning, the 99Bitcoins token and platform cater to both novices and experienced crypto enthusiasts.
The course syllabus encompasses a broad spectrum of subjects, ranging from fundamental blockchain concepts to trading insights, strategies, and the latest developments in the crypto sphere.
Rather than conventional lectures and textbooks, users can interact with dynamic learning modules, quizzes, and tutorials to elevate their 99Bitcoins status and earn $99BTC tokens as they progress.
The bigger the screen, the better the #Trade. 🤫 #99Bitcoins #Bybit #Cryptocurrency pic.twitter.com/gGvsmB60RR
— 99Bitcoins (@99BitcoinsHQ) May 18, 2024
Holders of $99BTC tokens unlock various perks, including staking incentives, access to additional training programs, exclusive trading webinars, curated crypto trading signals and strategies, and membership in VIP community forums.
These supplementary features are aimed at furnishing token holders with a comprehensive educational framework and a supportive environment to refine their crypto acumen and trading proficiencies. The excitement surrounding the ‘Learn-to-Earn’ approach has resulted in a successful presale phase for 99Bitcoins.
As of the latest update, the initiative has garnered $1.2 million in funding from investors eager to participate in the project’s initial stages. Those opting for the presale opportunity can acquire $99BTC tokens for $0.00105 apiece. However, as the presale progresses through its designated stages, this initial price will incrementally rise.
A primary motivation for early investment lies in the staking mechanism associated with the 99Bitcoins token. Investors who acquire $99BTC during the presale can promptly engage in token staking, enabling them to commence earning rewards immediately following their purchase.
Presently, the annual yield stands at 1,172%, with an excess of 929 million $99BTC tokens already staked. It’s worth noting that these yields will diminish as more $99BTC tokens are staked over time.
For further details about the 99Bitcoins presale, follow their X account (formerly Twitter) and join their Telegram channel. To take part in the $99BTC token presale visit presale.99bitcoins.com.
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