Reserve

World

Chainlink

Rise

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/rise-in-chainlinks-value-following-major-integration-announcements" rel="noopener noreferrer nofollow">Rise in Chainlink’s Value Following Major Integration Announcements</a><br></p>
<p style="text-align: justify">As <a href="https://en.bitcoinhaber.net/bitcoin-rebounds-as-altcoins-gain-etf-dynamics-shift" rel="noopener noreferrer nofollow">Bitcoin</a>‘s price reaches $60,800, with consistent buying at $60,580, the cryptocurrency market is abuzz with significant upcoming announcements from various altcoins. These cryptos are eager to distinguish themselves during periods of rapid growth by sharing news related to important partnerships, collaborations, and financial injections. These strategic communications often have a substantial impact on their market values, fueling price surges.</p>
<h2 id="chainlink-s-noteworthy-collaboration">Chainlink’s Noteworthy Collaboration</h2>
<p style="text-align: justify">The recent surge in <a href="https://en.bitcoinhaber.net/market-trends-analyzing-bitcoin-and-chainlinks-price-movements" rel="noopener noreferrer nofollow">Chainlink</a>‘s (LINK) market price can be attributed to a landmark announcement. Ark and 21Shares have chosen to integrate Chainlink’s technology to disclose the reserve holdings of their spot Bitcoin ETFs. Chainlink, previously recognized for its potential in the Real World Asset (RWA) sector even during low-value phases, has seen its price soar past $20, marking a daily gain of over 6%.</p>
<p style="text-align: justify">Ark Invest and 21Shares are adopting Chainlink’s Proof of Reserve system to enhance transparency for their ARKB investors, according to Ophelia Snyder, co-founder and President of 21Shares. This move reflects the firms’ commitment to providing a higher degree of asset <a href="https://en.bitcoinhaber.net/crypto-scams-escalate-founder-of-uniswap-alerts-and-deceptive-emails-plague-investors" rel="noopener noreferrer nofollow">security</a> and information for their investors. Snyder emphasizes the significance of this collaboration in attaining unparalleled transparency.</p>
<h2 id="chainlink-s-market-monopoly-and-strategic-growth">Chainlink’s Market Monopoly and Strategic Growth</h2>
<p style="text-align: justify">Chainlink’s partnerships extend beyond the cryptocurrency realm, including alliances with major players in the traditional financial sector like Swift. The company is solidifying its dominance in the Decentralized Finance (DeFi) space through its price feeds. Chainlink is also aggressively pursuing corporate partnerships via its Cross-Chain Interoperability Protocol (CCIP) and planning to mitigate a potential supply shortage. By setting up a staking pool that not only increases token utility but also potentially drives up its price, LINK Coin is strategically positioning itself for sustained growth.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/rise-in-chainlinks-value-following-major-integration-announcements" rel="noopener noreferrer nofollow">Rise in Chainlink’s Value Following Major Integration Announcements</a></h5>

Rise in Chainlink’s Value Following Major Integration Announcements

Table of Contents

BH NEWS

Other articles published on Feb 28, 2024

Bitcoin Is Unstoppable: BTC Price Hits New All-Time Highs In 14 Countries

Are Crypto Trends Shifting? Insights On PEPE, FLOKI, and DOGE

Ethereum ETF prospects remain uncertain amid SEC delays

Alephium (ALPH) Price Prediction 2025, 2026, 2027, 2028, 2029 and 2030

Bitcoin Price Surge and Gemini Settlement: Key Developments

Bitcoin Climbs Above $59,000 as Altcoins Begin Recovery

Join our free newsletter for daily crypto updates!