{"id":174906,"date":"2023-10-16T11:54:29","date_gmt":"2023-10-16T06:24:29","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=174906"},"modified":"2023-10-16T11:54:29","modified_gmt":"2023-10-16T06:24:29","slug":"chainlink-sees-strong-whale-and-institutional-activity-next-target-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/chainlink-sees-strong-whale-and-institutional-activity-next-target-crypto-news\/","title":{"rendered":"Chainlink Sees Strong Whale and Institutional Activity, Next Target? – Crypto News"},"content":{"rendered":"

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Oracle service provider Chainlink (LINK) has been in the news lately with a strong rally over the last month. After hitting a high of $8.13 on October 1, the LINK price has seen some downward price action.<\/p>\n

As of press time, the Chainlink price is trading 3.52% up at $7.60 with a market cap of $4.2 billion. However, despite the recent downside volatility, the Chainlink price still trades above its macro trendline. There\u2019s a possibility that the LINK price could come to retest the macro trendline and bounce back thereafter.<\/p>\n

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$LINK<\/a> <\/p>\n

Don’t let the recent downside volatility distract you from the fact that Chainlink has broken its Macro Downtrend<\/p>\n

And may very well soon retest the Macro Downtrend to fully confirm the breakout#LINK<\/a> #Crypto<\/a> #Chainlink<\/a> pic.twitter.com\/opVfz62H4T<\/a><\/p>\n

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\u2014 Rekt Capital (@rektcapital) October 15, 2023<\/a><\/p>\n<\/blockquote>\n

Chainlink Whale and Institutional Transactions<\/h3>\n

As per the on-chain data, Chainlink (LINK) has piqued the interest of institutional investors<\/a> on October 13. On that specific date, over 20 million LINK transactions, valued at more than $50 million transacted LINK, noted on-chain analyst and trader Ali Martinez.<\/p>\n

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#Chainlink<\/a> | The total volume of transactions by $LINK<\/a> whales and institutional players is increasing significantly. These large players transacted over 20 million #LINK<\/a> yesterday, valued at nearly $150 million. pic.twitter.com\/3Ky0dhXkCf<\/a><\/p>\n

\u2014 Ali (@ali_charts) October 14, 2023<\/a><\/p>\n<\/blockquote>\n

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Such large transactions often indicate a surge in speculation surrounding a cryptocurrency. Nevertheless, it\u2019s important to note that such increases in activity do not necessarily guarantee an immediate rise in the asset\u2019s value.<\/p>\n

Chainlink- The Safest Bet?<\/h3>\n

In the realm of real-world asset (RWA) tokenization, there\u2019s a growing momentum in the crypto space, and according to a report<\/a> by research firm K33 Research, Chainlink\u2019s native token (LINK) could be the \u201csafest choice\u201d for investors looking to capitalize on this trend.<\/p>\n

K33 analyst David Zimmerman stated, \u201cIf we wish to have exposure to the RWA narrative and avoid being sidelined when it takes off, LINK is the safest bet.\u201d He highlighted that global banks and cryptocurrency platforms are already taking steps to leverage tokenization, and Chainlink has established itself as a crucial piece of infrastructure for connecting blockchains with the real world through its network of oracles and extensive partnerships. He added, \u201cIt may not be the most significant gainer, but there are few projects better positioned to benefit from this narrative.\u201d<\/p>\n

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\u2713 Share:<\/p>\n

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Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills. <\/p>\n<\/p><\/div>\n

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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n

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Oracle service provider Chainlink (LINK) has been in the news lately with a strong rally over the last month. After hitting a high of $8.13 on October 1, the LINK price has seen some downward price action. As of press time, the Chainlink price is trading 3.52% up at $7.60 with a market cap of […]<\/p>\n","protected":false},"author":2,"featured_media":157763,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-174906","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/174906","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=174906"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/174906\/revisions"}],"predecessor-version":[{"id":174908,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/174906\/revisions\/174908"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/157763"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=174906"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=174906"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=174906"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}