{"id":165017,"date":"2023-09-29T11:29:40","date_gmt":"2023-09-29T05:59:40","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=165017"},"modified":"2023-09-29T11:29:40","modified_gmt":"2023-09-29T05:59:40","slug":"will-link-see-a-renewed-zeal-as-chainlink-makes-this-key-revelation-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/will-link-see-a-renewed-zeal-as-chainlink-makes-this-key-revelation-crypto-news\/","title":{"rendered":"Will LINK see a renewed zeal as Chainlink makes this key revelation? &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<div class=\"single-post-author-top\">\n<p>\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" data-del=\"avatar\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2022\/03\/IMG_20220322_164603_71-80x80.jpg\" class=\"avatar pp-user-avatar avatar-48 photo \" height=\"48\" width=\"48\" \/><\/p>\n<p>Journalist<\/p>\n<\/p><\/div>\n<p>\t\t\t\t\t\t\t\t<span class=\"mvp-post-date updated\">Posted: September 29, 2023<br \/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span><\/p>\n<\/p><\/div>\n<div>\n<p>\t\t\t\t\t\t<br style=\"clear: both;float: none\" \/><\/p>\n<ul>\n<li><em>Chainlink\u2019s CCIP yields favorable results in an experiment on tokenized assets.<\/em><\/li>\n<li><em>LINK bulls maintain dominance but could be jinxed as it is about to be overbought.<\/em><\/li>\n<\/ul>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/why-chainlink-gaining-whale-attention-was-bad-for-synthetix\/\" data-wpel-link=\"internal\">Chainlink [LINK]<\/a> just announced that a new case study exploring the use of Cross-Chain Interoperability Protocol (CCIP) has yielded favorable results. The results of the study make a strong case for the world to upgrade from traditional settlement solutions such as SWIFT in favor of blockchain-based solutions.<\/p>\n<hr \/>\n<p style=\"text-align: center\">How many are 1,10,100 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/convert\/1-link-to-usd\" data-wpel-link=\"internal\">LINKs worth today<\/a><\/p>\n<hr \/>\n<p>Chainlink\u2019s official statement revealed that the experiment successfully confirmed that CCIP can be used to facilitate cross-chain settlement using <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/chainlink-are-these-catalysts-pointing-towards-a-rally\/\" data-wpel-link=\"internal\">tokenized assets<\/a>. The experiment involved Australia and ANZ Bank, a New Zealand-based bank that is also one of the largest banks in the world.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">NEW INDUSTRY REPORT<\/p>\n<p>This new case study showcases how ANZ Bank (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/ANZ_AU?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\">@ANZ_AU<\/a>)\u2014one the world\u2019s largest banks with $1+ trillion in total assets under management\u2014successfully demonstrated cross-chain tokenized asset settlement with <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Chainlink?src=hash&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\">#Chainlink<\/a> CCIP.<\/p>\n<p>\ud83e\uddf5\u2b07\ufe0f<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/kD14TFuwiB\" data-wpel-link=\"external\">https:\/\/t.co\/kD14TFuwiB<\/a><\/p>\n<p>\u2014 Chainlink (@chainlink) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/chainlink\/status\/1707444375897141724?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\">September 28, 2023<\/a><\/p>\n<\/blockquote>\n<p>The successful case study reportedly demonstrated how financial institutions can provide access to tokenized assets through blockchain technology. More importantly, it underscores a natural path through which banks can conduct cross-border settlements faster and with more efficiency.<\/p>\n<p>The experiment also offered some perspective into how financial institutions can potentially leverage blockchain tech to explore new asset classes. Why is this important? Well, such institutions already have access to millions of potential customers.<\/p>\n<p>Introducing such asset classes would create an on-ramp for billions\u2019 worth of liquidity to flow into blockchain technology. Chainlink is thus at the cross-hairs of such a revolution and would benefit immensely through such an outcome.<\/p>\n<h4><strong>Will this newfound Chainlink prospect support LINK\u2019s upside?<\/strong><\/h4>\n<p>Chainlink\u2019s native token LINK maintained a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/chainlink-bulls-post-strong-gains-can-the-rally-reach-julys-highs\/\" data-wpel-link=\"internal\">strong bullish performance<\/a> in September. For perspective, it rallied by almost 40% from its lowest price point to its price peak during the month. However, LINK\u2019s rally could be due for a cooldown in the short run now that it was drawing closer to overbought territory. LINK exchanged hands at <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/chainlink-bulls-reclaim-7-level-whats-next\/\" data-wpel-link=\"internal\">$7.80 at press time<\/a>.<\/p>\n<div id=\"attachment_347260\" style=\"width: 1328px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/LINKUSD_2023-09-29_02-57-30.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-347260\" class=\"wp-image-347260 size-full\" src=\"image\/svg+xml,%3Csvg%20xmlns=\" alt=\"LINK price action\" width=\"1318\" height=\"742\" data-lazy-srcset=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/LINKUSD_2023-09-29_02-57-30.png 1318w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/LINKUSD_2023-09-29_02-57-30-300x169.png 300w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/LINKUSD_2023-09-29_02-57-30-1024x576.png 1024w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/LINKUSD_2023-09-29_02-57-30-768x432.png 768w\" data-lazy-sizes=\"(max-width: 1318px) 100vw, 1318px\" data-lazy-src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/LINKUSD_2023-09-29_02-57-30.png\" \/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-347260\" class=\"wp-image-347260 size-full\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/LINKUSD_2023-09-29_02-57-30.png\" alt=\"LINK price action\" width=\"1318\" height=\"742\" \/><\/a><\/p>\n<p id=\"caption-attachment-347260\" class=\"wp-caption-text\">Source: TradingView<\/p>\n<\/div>\n<p>It is worth noting that the CCIP experiment underscores a potentially robust future for Chainlink. As such, news of the successful experiment may end up encouraging many LINK holders to sell and instead shift in favor of long-term hodling.<\/p>\n<hr \/>\n<p style=\"text-align: center\">Read about <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/predictions\/chainlink-price-prediction\" data-wpel-link=\"internal\">LINK\u2019s price prediction for 2024<\/a><\/p>\n<hr \/>\n<p>LINK\u2019s bullish performance reflected the significant growth in network growth in the last four weeks. Network growth registered a monthly high on Wednesday, 27 September. That growth was accompanied by a surge in active deposits.<\/p>\n<div id=\"attachment_347258\" style=\"width: 2570px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/ChainLink-on-Ethereum-LINK-03.03.17-29-Sep-2023.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-347258\" class=\"wp-image-347258 size-full\" src=\"image\/svg+xml,%3Csvg%20xmlns=\" alt=\"Chainlink active deposits and network growth\" width=\"2560\" height=\"867\" data-lazy-srcset=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/ChainLink-on-Ethereum-LINK-03.03.17-29-Sep-2023.png 2560w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/ChainLink-on-Ethereum-LINK-03.03.17-29-Sep-2023-300x102.png 300w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/ChainLink-on-Ethereum-LINK-03.03.17-29-Sep-2023-1024x347.png 1024w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/ChainLink-on-Ethereum-LINK-03.03.17-29-Sep-2023-768x260.png 768w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/ChainLink-on-Ethereum-LINK-03.03.17-29-Sep-2023-1536x520.png 1536w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/ChainLink-on-Ethereum-LINK-03.03.17-29-Sep-2023-2048x693.png 2048w\" data-lazy-sizes=\"(max-width: 2560px) 100vw, 2560px\" data-lazy-src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/ChainLink-on-Ethereum-LINK-03.03.17-29-Sep-2023.png\" \/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-347258\" class=\"wp-image-347258 size-full\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/ChainLink-on-Ethereum-LINK-03.03.17-29-Sep-2023.png\" alt=\"Chainlink active deposits and network growth\" width=\"2560\" height=\"867\" \/><\/a><\/p>\n<p id=\"caption-attachment-347258\" class=\"wp-caption-text\">Source: Santiment<\/p>\n<\/div>\n<p>In addition, the number of daily active addresses has been rising during the same period. This underscores the improving level of confidence among LINK holders. The daily active addresses peaked at its current monthly high on 27 September.<\/p>\n<div id=\"attachment_347259\" style=\"width: 2570px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/ChainLink-on-Ethereum-LINK-03.06.21-29-Sep-2023.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-347259\" class=\"wp-image-347259 size-full\" src=\"image\/svg+xml,%3Csvg%20xmlns=\" alt=\"Chainlink daily active addresses\" width=\"2560\" height=\"867\" data-lazy-srcset=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/ChainLink-on-Ethereum-LINK-03.06.21-29-Sep-2023.png 2560w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/ChainLink-on-Ethereum-LINK-03.06.21-29-Sep-2023-300x102.png 300w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/ChainLink-on-Ethereum-LINK-03.06.21-29-Sep-2023-1024x347.png 1024w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/ChainLink-on-Ethereum-LINK-03.06.21-29-Sep-2023-768x260.png 768w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/ChainLink-on-Ethereum-LINK-03.06.21-29-Sep-2023-1536x520.png 1536w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/ChainLink-on-Ethereum-LINK-03.06.21-29-Sep-2023-2048x693.png 2048w\" data-lazy-sizes=\"(max-width: 2560px) 100vw, 2560px\" data-lazy-src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/ChainLink-on-Ethereum-LINK-03.06.21-29-Sep-2023.png\" \/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-347259\" class=\"wp-image-347259 size-full\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/ChainLink-on-Ethereum-LINK-03.06.21-29-Sep-2023.png\" alt=\"Chainlink daily active addresses\" width=\"2560\" height=\"867\" \/><\/a><\/p>\n<p id=\"caption-attachment-347259\" class=\"wp-caption-text\">Source: Santiment<\/p>\n<\/div>\n<p>The above findings suggested that more traders have been embracing the LINK token. However, most of the attention was centralized in the second half of September.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Journalist Posted: September 29, 2023 Chainlink\u2019s CCIP yields favorable results in an experiment on tokenized assets. LINK bulls maintain dominance but could be jinxed as it is about to be overbought. Chainlink [LINK] just announced that a new case study exploring the use of Cross-Chain Interoperability Protocol (CCIP) has yielded favorable results. The results of [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":165018,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-165017","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/165017","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=165017"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/165017\/revisions"}],"predecessor-version":[{"id":165024,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/165017\/revisions\/165024"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/165018"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=165017"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=165017"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=165017"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}