Recently, the bond prize had a fascinating week, pushing beyond $ 20. Now it is firm after a major announcement today that Chainlink has integrated in Intercontinental Exchange (ICE) to provide data on high quality Forex and precious metals.
This decision is considered a catalyst movement in the traditional adoption of blockchain, and the experts consider it an important catalyst for the next rally for the short and long term.
Partnership with Ice Major Signals Institutional Step for ChainLink
The most recent collaboration between Chainlink and ICE, on August 11, the parent company of the New York Stock Exchange, is a revolutionary stage that marks an important stage for the whole blockchain industry. This decision is a clear example that adoption increases and that the link price could soon see growth.
The official post of Chainlink explains that fundamentally, ice operates the global markets and data services, where its FX prices and its precious metal prices are invoked by large banks, asset managers and other institutions in the world.
In addition, thanks to the consolidated ice flow, which is known to group data from more than 300 world exchanges and markets, ChainLink has a clear advantage here because its position as a critical infrastructure provider for ONCHAIN’s finance has enormously exploded with this decision. It can now provide structured and reliable multi-network class data to the blockchain ecosystem.
Market reaction and short -term perspectives
On the time table, the liaison price table has shown an immediate optimistic reaction to the news, with the purchase pressure of the increased pressure.
However, the daily graphic still reflects a break after a point observed in the last 7 days, suggesting that the market is waiting for the tracking momentum.
At the time of writing the editorial staff, Link Price USD is traded at $ 21.912 with a market capitalization of $ 14.65 billion.
Certain market projections indicate the bond / USD potential to reach $ 24 in the short term, as the feeling of investors is built around this account of institutional adoption.
Technical eruptions support the binding price price for bruising chain
Recent technical developments support a constructive prediction of chain link prices. In July, Link broke a descending trend of several months, signaling a change in market structure. This was followed by an overtaking from August beyond the key resistance area of $ 18, adding to the bullish momentum.
Some analysts consider that current market capitalization is low compared to the potential role of ChainLink in the web3 infrastructure, forecasts suggesting that prices could exceed $ 30 by the end of the year.
More ambitious perspectives, fueled by the growing importance of ChainLink services, have even projected potential movements to the level of $ 100 on a longer horizon.
