What’s going on with the Chainlink price? I’ve run this through several highly advanced models. Each one says the same thing: the bull market isn’t over yet- it’s just beginning.
With all that said, it seems that interest in crypto has topped out. Besides a select few altcoins like Zcash, Dash and Internet Computer, the entire crypto market is down more than 4%. Maybe notable Wall St. investors like Michael Burry were right that crypto and AI are in a bubble.
Sometimes, we see bubbles. Sometimes, there is something to do about it. Sometimes, the only winning move is not to play. pic.twitter.com/xNBSvjGgvs
One altcoin that is down 35% over the last month is Chainlink. Not every alt gets a euphoria phase in any given cycle; sometimes it’s just over anon.
ChainLink’s All Time High (ATH) of $ 52.82 was reached on 10 May 2021, and is currently -70.8% down, making some call its holders the cuckolds of crypto. Is it, and will Chainlink rebound?
Chainlink may appear “dead” on the charts, but beneath the surface, its technology continues to anchor some of the most significant blockchain integrations in the world, most recently with the central banks of Hong Kong and Brazil.
A recent Reddit poll revealed what many in crypto already suspect: most investors don’t actually care about the tech. Out of 919 respondents, 50% said they only care about price, 38.5% care about both, and just 11.5% are interested purely in the technology.
That might explain why Chainlink’s market price remains muted even as it powers real-world projects with central banks and financial institutions. Also, even with partnerships, its value is still purely speculation, like many things in this market.
We’re excited to announce that Chainlink is powering cross-border DvP settlement between the Central Bank of Brazil (@BancoCentralBR) & Hong Kong Monetary Authority (@hkmagovhk) alongside Banco Inter, Standard Chartered, GSBN, & 7COMm in the Drex program.https://t.co/pdodcDMkuC… pic.twitter.com/6cIIOjif1K
In a cross-border test of CBDC interoperability, Banco Inter, Chainlink, and the central banks of Brazil and Hong Kong completed a pilot connecting Brazil’s Drex network with Hong Kong’s Ensemble system. Using LINK, the pilot automated tokenized payments and asset transfers, a model that Banco Inter says could cut trade costs and expand access for small firms.
“By supporting tokenized payments and automating title transfers via smart contracts, the platform lowers costs, reduces risk, and opens international markets to small and medium-sized businesses,” Banco Inter said.
Does the Market Still Undervalue Chainlink?
Although the price for Chainlink has been a wet fart, according to DefiLlama, it now secures over $55 Bn across Ethereum, Polygon, and Avalanche, a web of smart contracts quietly pulsing beneath the surface of a tired market. Wallet activity is climbing, up 14% month-over-month, even as LINK trades flat near $12.
While the crowd chases flashier bets, Chainlink is integrating itself into the global financial system. From central banks testing tokenized trade finance to Drex’s pilot in Brazil, its oracles are everywhere, unseen but essential. In a market obsessed with speculation, Chainlink is doing something unfashionable — it’s building infrastructure that governments are starting to rely on.
The Bottom Line For The Chainlink Price
Investors may call Chainlink “dead,” but that says more about market psychology than about the project itself. Or who knows? All of this should also be a lesson that if your project can’t generate marketing or hype, then it may be a good project, but won’t move up in price.
Maybe you’re okay with that. Maybe not? Ask yourself these kinds of questions.
While most traders chase volatile price action, Chainlink is quietly building the rails for the next era of tokenized finance. However, it will be over the next five years that we will see how much that is worth.
What’s going on with the Chainlink price? I’ve run this through several highly advanced models. Each one says the same thing that bulls will get revenge.
While most traders chase volatile price action, Chainlink is quietly building the rails for DeFi
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What’s going on with the Chainlink price? I’ve run this through several highly advanced models. Each one says the same thing: the bull market isn’t over yet- it’s just beginning.
With all that said, it seems that interest in crypto has topped out. Besides a select few altcoins like Zcash, Dash and Internet Computer, the entire crypto market is down more than 4%. Maybe notable Wall St. investors like Michael Burry were right that crypto and AI are in a bubble.
One altcoin that is down 35% over the last month is Chainlink. Not every alt gets a euphoria phase in any given cycle; sometimes it’s just over anon.
ChainLink’s All Time High (ATH) of $ 52.82 was reached on 10 May 2021, and is currently -70.8% down, making some call its holders the cuckolds of crypto. Is it, and will Chainlink rebound?
DISCOVER: 20+ Next Crypto to Explode in 2025
Is The Chainlink Price Dead?
Chainlink may appear “dead” on the charts, but beneath the surface, its technology continues to anchor some of the most significant blockchain integrations in the world, most recently with the central banks of Hong Kong and Brazil.
A recent Reddit poll revealed what many in crypto already suspect: most investors don’t actually care about the tech. Out of 919 respondents, 50% said they only care about price, 38.5% care about both, and just 11.5% are interested purely in the technology.
That might explain why Chainlink’s market price remains muted even as it powers real-world projects with central banks and financial institutions. Also, even with partnerships, its value is still purely speculation, like many things in this market.
In a cross-border test of CBDC interoperability, Banco Inter, Chainlink, and the central banks of Brazil and Hong Kong completed a pilot connecting Brazil’s Drex network with Hong Kong’s Ensemble system. Using LINK, the pilot automated tokenized payments and asset transfers, a model that Banco Inter says could cut trade costs and expand access for small firms.
Does the Market Still Undervalue Chainlink?
Although the price for Chainlink has been a wet fart, according to DefiLlama, it now secures over $55 Bn across Ethereum, Polygon, and Avalanche, a web of smart contracts quietly pulsing beneath the surface of a tired market. Wallet activity is climbing, up 14% month-over-month, even as LINK trades flat near $12.
While the crowd chases flashier bets, Chainlink is integrating itself into the global financial system. From central banks testing tokenized trade finance to Drex’s pilot in Brazil, its oracles are everywhere, unseen but essential. In a market obsessed with speculation, Chainlink is doing something unfashionable — it’s building infrastructure that governments are starting to rely on.
The Bottom Line For The Chainlink Price
Investors may call Chainlink “dead,” but that says more about market psychology than about the project itself. Or who knows? All of this should also be a lesson that if your project can’t generate marketing or hype, then it may be a good project, but won’t move up in price.
Maybe you’re okay with that. Maybe not? Ask yourself these kinds of questions.
While most traders chase volatile price action, Chainlink is quietly building the rails for the next era of tokenized finance. However, it will be over the next five years that we will see how much that is worth.
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Key Takeaways
The post Now That The Chainlink Price is Dead, What’s Next For It? appeared first on 99Bitcoins.