- Chainlink surged 22% amid an altcoin rally, reaching $22.92.
- The network supports $17.3 trillion transactions with reliable blockchain data solutions.
- Chainlink partnered with 21X to enable EU-regulated tokenized trading services.
Chainlink (LINK) is leading the altcoin rally, standing out alongside Ripple’s XRP. LINK jumped 22.4% in 24 hours, trading at $22.92 during the New York session on December 2. With a market cap of over $21 billion and $6 billion in daily trading, Chainlink has captured the market’s attention. Analysts believe this surge could push LINK to $27, aligning with a key Fibonacci extension level.
Strong Fundamentals Fuel Chainlink Gains
Chainlink drives Web3 adoption with reliable data solutions for smart contract developers. Many major firms, including T-Mobile, Nexon, and the Central Bank of Brazil, use Chainlink’s cross-chain protocol to power blockchain innovations. The platform has supported transactions totaling $17.3 trillion, showcasing its role in the global digital economy.
LINK’s price action reflects strength, with higher highs and lows on monthly charts. The Relative Strength Index is nearing 70%, signaling potential for further gains. Analysts see this technical momentum as a sign of continued growth.
Partnership with 21X Brings New Opportunities
Frankfurt-based fintech firm 21X has partnered with Chainlink to develop a tokenized exchange. This collaboration aims to create sustainable and regulated trading services within the European Union. The new platform will meet BaFin’s strict regulatory standards, ensuring compliance and reliability.
Angie Walker, Global Head of Banking and Capital Markets at Chainlink Labs, highlighted the importance of the partnership. Walker emphasized that Chainlink technology supports the tokenization of real-world assets, bridging traditional finance with blockchain innovation.
Chainlink Gains Momentum in Altcoin Surge, Partners with 21X for Tokenized Securities, showcases a network at the forefront of blockchain innovation. With rising demand, strong fundamentals, and strategic collaborations, Chainlink is redefining possibilities in the tokenized asset space.
The post LINK Rallies as Chainlink Partners with 21X for Tokenized Securities appeared first on Crypto News Land.
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