In Brief Chainlink’s integration of Pi Network into its Data Streams expands access to real-time pricing data and market feeds for Pi Coin (PI). PI tokens can now operate across major blockchains like Ethereum and Avalanche, enhancing liquidity and DeFi adoption. Despite some concerns about stagnation, Pi’s price surged 17.1% since the integration, signaling strong…
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In Brief The Shiba Inu ecosystem is evolving rapidly by integrating Chainlink’s Cross-Chain Interoperability Protocol (CCIP). This advancement extends to SHIB: The Metaverse, enabling users to buy virtual land using Ethereum or SHIB. Shiba Inu is preparing to launch the TREAT token, reinforcing its evolution from a meme coin to a robust blockchain ecosystem. The…
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In Brief Chainlink breaks from three-month range, targeting $14.45 with a potential rise to $17.83, sparking investor optimism. Analyst predicts a 37% rally, supported by the GIOM indicator, as LINK’s $14-$18 range could drive profits for holders. Failure to hold $14.45 support risks a pullback to $12.94 or $11.64, potentially weakening bullish momentum and investor…
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In Brief Chainlink realized gains spiked to $106.55 million, but subsequently, reduced realize losses could trigger an uptrend. The token’s price could see sustained growth following a rise in active and new addresses on the network. LINK has broken out of a falling wedge, and despite a slight fall, a buy signal appears, suggesting a…
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In Brief Decipher the current Chainlink correction post-June peak, focusing on support/resistance levels & EMAs. Analyze Chainlink’s 4H & 1H price actions, emphasizing resistance challenges & potential support zones. Explore the significance of active addresses in Chainlink’s network growth and its impact on market sentiment. In this analysis, we will identify support and resistance levels…
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In Brief LINK price will most likely slip to $11.7 before recovering $13.2 as support to initiate a recovery. The decline in network growth is a sign that the project is losing traction among potential investors. LINK is currently undervalued and could see a short dip before recovery, as per the MVRV ratio. Chainlink (LINK) is currently facing…
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In Brief Chainlink price is moving in a descending triangle at the moment, signaling a 30% correction. Participation is declining considerably, with active addresses now at a six-month low. Given the deviation of investors conducting transactions on the network against price, a sell signal is being flashed at the moment. Chainlink’s (LINK) price is currently…
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In Brief Chainlink, Cardano, and Polkadot lead in development and community engagement. Significant increases in social activity and project contributions noted for these cryptos. Technical analysts remain optimistic about future price potential growth of these altcoins. Several altcoins have emerged as front-runners in terms of development and community engagement. According to recent blockchain analytics by…
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In Brief Chainlink trader ARiHBARi says that a LINK ETF could soon launch, given that 21Shares holds 693,639 tokens and sells to institutions. 21Shares recently integrated Chainlink’s proof-of-reserves technology to attest to the assets it holds to collateralize Bitcoin ETFs. In the meantime, Chainlink CEO Sergey Nazarov envisions a post-ETF financial world, where banks will…
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In a nutshell the transfer of $341 million worth of Chainlink’s LINK tokens to Binance and a multi-sig wallet raised concerns among market observers. Since August 2022, designated wallets have consistently transferred 106 million LINK to Binance at an average price of $9, according to SpotOnChain. According to Godleak’s pricing data, LINK’s value has increased…
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