Chainlink Eyes $15 as Coinbase Chooses LINK for $7B Crypto Bridge
Key Takeaways
- Chainlink (LINK) is showing signs of renewed strength, stabilizing in the $13.6–$13.7 range.
- Coinbase has chosen Chainlink for its $7 billion crypto bridge, boosting the token’s adoption and potential price.
- Whales have accumulated $118 million worth of LINK, hinting at a potential 123% rally.
Chainlink Gains Momentum as Coinbase Partnership Boosts Adoption
Chainlink, a decentralized oracle network, is gaining momentum as its price stabilizes in the $13.6–$13.7 range. The token’s renewed strength comes after Coinbase, one of the largest cryptocurrency exchanges, chose Chainlink for its $7 billion crypto bridge. This partnership is expected to boost Chainlink’s adoption and potentially drive up its price.
The Coinbase crypto bridge, which enables the seamless transfer of assets between different blockchain networks, is a significant development for Chainlink. As the chosen oracle network, Chainlink will provide critical infrastructure for the bridge, further solidifying its position as a leading player in the decentralized finance (DeFi) space.
Whales Accumulate $118M Worth of LINK, Hinting at 123% Rally
As Chainlink’s price stabilizes, whales have been accumulating the token, hinting at a potential 123% rally. According to recent data, whales have purchased $118 million worth of LINK, indicating a strong bullish sentiment. This accumulation, combined with the Coinbase partnership, could drive Chainlink’s price towards the $15 mark.
The recent price action suggests that Chainlink is rebuilding a bullish structure, with the token’s price stabilizing above the $13.6 level. As the Coinbase partnership and whale accumulation continue to drive momentum, Chainlink’s price may soon break out of its current range and surge towards new highs.
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