Future

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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/chainlink-maintains-dominance-despite-competition/" data-wpel-link="internal">Chainlink Maintains Dominance Despite Competition</a> 
The crypto initiative, which has monopolized its field and continued to grow for years, has maintained its throne despite many competitors. <a href="https://en.coin-turk.com/binance-announces-full-support-for-airdao-amb-and-bitshares-bts-network-upgrades/" data-wpel-link="internal">Binance</a> Oracle was launched as the most ambitious competitor, but Binance cannot lead in every area. Here, too, it could not dethrone Chainlink. In the last few years, the Chainlink team has signed major deals. 
<h2 style="text-align: justify" id="chainlink-and-its-future">Chainlink and Its Future</h2> 
Chainlink, which collaborates with many global partners including Swift and shows significant presence in the tokenization of real-world assets, remains strong. However, the same cannot be said for LINK Coin. The initiative, which facilitates the asset tokenization work of trillion-dollar giants with CCIP, greatly benefits from the potential of the RWA field to turn into a trillion-dollar market. 
But there is a problem here. Or rather, there was. Although late in increasing the utility and demand of LINK Coin, the Chainlink team created staking pools. The pool, which was expanded at the end of last year, ensures that a significant portion of the supply remains locked. The pool, which has not expanded for 8 months, may soon trigger a new wave of demand with its growth here. 
In summary, things look good for LINK Coin in the long term. But what about the short-term outlook? Things are not looking good here as the price has fallen to the $10 bottom. The funding rate in futures has turned negative again, indicating that professional <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> expect further declines. The price, stuck between $10.72 and $9.93, may fall further. 
<img loading="lazy" loading="lazy" decoding="async" class=" wp-image-380565 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/08/likidasyon-map-link-coin.png" alt="" width="1215" height="722"> 
Looking at the liquidation heat map, there is a significant liquidity accumulation between $9.88 and $9.97. The price may linger at this threshold during the decline. Conversely, the thresholds of $10.39 and $10.86 should turn into support. 
<h2 style="text-align: justify" id="link-coin-price-prediction">LINK Coin Price Prediction</h2> 
On the technical front, the LINK Coin price has been trading within a descending channel for over a month. OBV has weakened. The metric indicating increased sales shows that more investors are selling. If the trend continues, it may start closing below $10.32. Similarly, CMF confirms that liquidity inflow is weak. 
<img loading="lazy" loading="lazy" decoding="async" class="wp-image-380566 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/08/LINK-Coin-grafik-yorumu-.png" alt="" width="1258" height="664"> 
The lack of demand is also noticeable in BTC and other altcoins. Under current conditions, LINK Coin may fall to $8.06 if the decline continues. In case of an increase, the price is likely to climb to $10.69 and $12.32. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/chainlink-maintains-dominance-despite-competition/" data-wpel-link="internal">Chainlink Maintains Dominance Despite Competition</a></h5>
The post <a href="https://en.coin-turk.com/chainlink-maintains-dominance-despite-competition/" data-wpel-link="internal">Chainlink Maintains Dominance Despite Competition</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Chainlink Maintains Dominance Despite Competition

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