Reserve

Chainlink

Rise

Coin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/why-chainlink-link-is-on-the-rise/" data-wpel-link="internal">Why Chainlink (LINK) Is On The Rise</a><br></p>
<p style="text-align: justify"><a href="https://coin-turk.com/talep-artacak-mi-unlu-ceodan-bitcoin-fiyatina-dair-carpici-aciklama" data-wpel-link="internal">Bitcoin</a> price has hit $60,800 and is finding buyers at $60,580 as this article is being prepared. Big announcements for altcoins are on the horizon. Cryptocurrencies that want to stand out during these rapid rise periods quickly release news about major partnerships, collaborations, and investments. And of course, these announcements have even greater effects on prices.</p> 
<h2 style="text-align: justify" id="why-is-chainlink-link-rising">Why Is Chainlink (LINK) Rising?</h2> 
<p style="text-align: justify">We just saw one of these announcements as Ark and 21Shares announced their integration with <a href="https://coin-turk.com/blackrock-ceosu-bu-altcoini-hareketlendirdi-eth-xrp-sol-degil" data-wpel-link="internal">Chainlink</a> to publish the reserves of their spot <a href="https://en.coin-turk.com/bitcoin-faces-downward-pressure-as-fed-continues-tight-monetary-policy-according-to-expert/" data-wpel-link="internal">Bitcoin</a> ETFs. <a href="https://en.coin-turk.com/vodafone-joins-chainlink-ecosystem-as-a-node-operator/" data-wpel-link="internal">Chainlink</a>, which we have written about as a long-term player in the RWA field even when its price was at the bottom, has now jumped over $20 due to this news and continues the day with a gain exceeding 6%.</p> 
<p style="text-align: justify">Ark Invest and 21Shares, which will integrate Chainlink’s Proof of Reserve platform, said they have taken a step towards greater transparency. Ophelia Snyder, co-founder and President of 21Shares, said;</p> 
<blockquote> 
 <p style="text-align: justify">“This collaboration allows us to provide an unprecedented level of information and security for our investors’ assets in ARKB.”</p> 
</blockquote> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-320803 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/02/LINKUSDT_2024-02-28_17-09-48.png" alt="" width="1814" height="836"></p> 
<p style="text-align: justify">Chainlink, which has partnerships with some of the world’s largest traditional finance companies like Swift, is almost monopolizing the <a href="https://en.coin-turk.com/gitcoin-shifts-focus-to-enhance-ethereum-ecosystem-grants-infrastructure/" data-wpel-link="internal">DeFi</a> space with its price feeds. Moreover, while striving to expand its corporate partnerships with CCIP, LINK Coin is taking steps to support a supply shortage with its staking pool (and additionally increasing token utility) to drive up the price.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/why-chainlink-link-is-on-the-rise/" data-wpel-link="internal">Why Chainlink (LINK) Is On The Rise</a></h5>

Why Chainlink (LINK) Is On The Rise

Table of Contents

COINTURK NEWS

Other articles published on Feb 28, 2024

Ethereum Staking Giant Ether.fi Raises Fresh $27M

Cardano (ADA) & Ripple (XRP) feud sees rush to Kelexo (KLXO) presale pre Bitcoin (BTC) halving fo...

Senator Warren’s new whip on crypto, Calls for uniform rules

BlackRock Bitcoin ETF Volumes Top $1 Billion For A Second Consecutive Day As BTC Targets $60K

Sony Announces 900 Job Cuts in PlayStation Division

Ripple’s XRP Set to Become World’s Reserve Currency, Claims Investment Firm CEO

Join our free newsletter for daily crypto updates!