The trust is one of the only ways for institutional investors to gain exposure to LINK tokens through a regulated product.

OnePlanet, which happens to be an NFT launchpad and marketplace, in association with Derby Stars, which happens to be a horse-themed NFT project, has successfully incorporated Chainlink Verifiable Random Function (VRF) on the Polygon mainnet. With this process of incorporation having been done with the absolute top-of-the-line decentralized network, they now have gained access to an encroachment proof and auditable way of randomness, which is required in the boosting of Derby Star’s Randombox NFT reveals. This incidentally is readily available on the marketplace of OnePlanet. For all of the users, this turns out to be indeed very beneficial and convenient as they are able to authenticate the fact that they have an even playing field where the minting of the unique NFTs is concerned.

Lookonchain, an analytical team that tracks "smart money" wallet transactions, indicates an unusual pattern among the large accounts of LINK tokenholders.

The LINK/USD price experienced a significant recovery yesterday night, and the most recent Chainlink price analysis gives hopeful signs for today and is in favor of buyers. The latest developments have been positive, despite the gradual price oscillation and the bears’ attempts to secure the ascendant on the price chart by lowering the coin value at the very beginning of the day. The fact that the price is once again approaching the $7.24 level is encouraging for bulls. If buyers are tenacious, additional recovery appears feasible as well.

The price of LINK is up 28% in the past two weeks.

July 18, 2024 — The past 48 hours have been eventful for Chainlink (LINK), marked by significant whale activity, strategic technological upgrades, and bullish market sentiment. Here’s a comprehensive update on the latest developments in the Chainlink ecosystem.

Chainlink (LINK) is experiencing a surge in both price and trading volume as its Cross-Chain Interoperability Protocol (CCIP) goes live on Base. The last 24 hours have seen a remarkable 135% increase in trading volume, signaling a growing investor interest in LINK.

ChainLink price analysis for March 14, 2023, reveals the market following an upward movement, showing increasing momentum, signifying positivity for the LINK market. The price of ChainLink has remained bullish over the past few hours. On March 13, 2023, the price reached $6.9 from $6.3. However, the market increased in value soon after and gained some value. Moreover, ChainLink reached an all-day high price of $7.2 and is currently valued at $7.1.

Decentralized oracle service provider Chainlink (LINK) is setting the pace for major price growth that is billed to materialize in the near future. One crucial way the protocol is championing this potential bullish future is through the steady expansion of its ecosystem. Read more on U.Today https://u.today/chainlink-link-setting-pace-for-bullish-growth-heres-reason

On 6 February, StarkWare, a technology firm specializing in the creation of scalable solutions for blockchain and decentralized applications, announced a collaboration with Chainlink Labs.

GMX announces the integration of the Chainlink oracles to help them boost the security and the UX of the platform.

Gnosis developers can now outsource their heavy computing to the oracle network while reducing gas fees by up to 90%, spokespeople said.

The Chainlink Oracle network remains significant in bridging the gap between centralized and decentralized systems in the finance industry.

LINK’s price could rally on speculations over Chainlink’s oracle services growth coupled with a supportive technical pattern.

Brickken, a Chainlink-powered platform is joining the European Blockchain tokenization sandbox.

Chainlink BUILD ecosystem has ostensibly added 31 Web3 projects with 16 having joined in the past 6 months.

FibSwap will use Chainlink Automation to automate its distribution system for staking and yield farming pools in a secure and cost-effective manner.

Staking started Tuesday, and 24.27 million LINK tokens were locked in by Thursday to secure the network.

The Chainlink (LINK) price is trading at a crucial short-term resistance of $7.50. Reclaiming it would pave the way for a quick pump toward $9.40. The Chainlink price has traded above the $5.95 support area since the beginning of May. While it fell below it numerous times, it did not reach a close, instead created a long lower wick and bounced.

Amid the growth of meme coins in the crypto market, the Chainlink (LINK) ecosystem has showcased its prowess as a utility blockchain. Ranked among the top 20 digital ecosystems by market capitalization, Chainlink and its native coin LINK has attracted more Web3 protocols in the recent past. Moreover, Chainlink price oracles help Web3 protocols provide reliable market data for scalable adoption.