As an experienced analyst, I’ve been closely following the developments in the cryptocurrency market, and Chainlink (LINK) has caught my attention once again. The recent price surge of over 8.89% in just 24 hours, with a current trading price of $18.61, is an impressive feat. This rally can be attributed to the anticipation surrounding Chainlink’s collaboration with Swift, which is set to be announced at the upcoming Consensys conference in Austin, Texas.
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Chainlink (LINK), the 14th largest cryptocurrency by market capitalization, has witnessed a significant surge in its price, rising over 8.89% in the past 24 hours and trading at $18.61, according to Coinmarketcap data.
As a researcher investigating the cryptocurrency market, I’ve come across an exciting development. There’s been a surge of interest leading up to the Consensys conference in Austin, Texas, where Chainlink and Swift, the renowned international payments system, are expected to announce their collaboration.
As an analyst, I’m thrilled to be part of the team bringing you updates from Consensus 2024, where over 15,000 people from more than 100 countries are participating. Look forward to covering various events and experiences, such as a keynote speech by Sergey Nazarov and an engaging conversation with Swift. Make sure to check our schedule for all the latest happenings related to Chainlink.
— Chainlink (@chainlink) May 27, 2024
Chainlink has stated that this partnership proves that existing infrastructure can merge with the new world of blockchains. Earlier this month, the Depository Trust & Clearing Corporation (DTCC), the largest settlement and clearinghouse in the U.S., announced a tokenization pilot involving Wall Street giants JP Morgan and BNY Mellon. This pilot called Smart NAV leveraged Chainlink’s decentralized cross-chain communication to allow institutional investors on Wall Street to share mutual fund information to public networks.
Chainlink continues to collaborate with various decentralized networks like Ethereum, Arbitrum, Polygon, and Base. To date, its project has expanded to nine different blockchains, contributing significantly to the growth of the Decentralized Finance (DeFi) sector.
The founding partner of Chainlink, Sergey Nazarov, expressed his bullish sentiment towards Ethereum and cryptocurrencies after the groundbreaking approval of Ethereum-based ETFs. He viewed this as only the beginning, indicating a significant shift toward increased adoption of digital assets in international financial markets.
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2024-05-28 05:08