Chainlink (LINK) has been in the spotlight recently due to its strategic new partnerships, which have triggered a significant buying spree among crypto whales. This activity underscores the growing confidence in Chainlink’s long-term potential and its expanding ecosystem.
SingularityDAO, a decentralized platform known for AI-enhanced crypto asset management, has teamed up with Chainlink Labs to support Chainlink BUILD members. This partnership is expected to provide expanded opportunities through SingularityDAO’s launchpad, incubation services, and other innovative avenues. Members of Chainlink’s BUILD program, which aims to accelerate promising early-stage startups in its ecosystem, are set to benefit from this collaboration. SingularityDAO’s mentorship, training sessions, and incubation services will help these projects advance.
In addition, Redacted’s integration of Chainlink CCIP for cross-chain transfers of Pirex ETH (pxETH) further highlights Chainlink’s growing influence in the Web3 space. Redacted, a builder of DeFi products, has chosen Chainlink CCIP for its high security and reliability standards, which are crucial in the volatile cryptocurrency market. The integration aims to make pxETH accessible across various blockchains for cross-chain interoperability.
Redacted Co-Founder Sami expressed excitement about integrating the industry-leading Chainlink CCIP to power secure cross-chain transfers of their liquid staking token, pxETH. He cited Chainlink’s battle-tested infrastructure and future-proof design as reasons for choosing CCIP as their exclusive cross-chain solution.
The market has reacted positively to these developments. Recent data from Lookonchain reveals a substantial acquisition of LINK tokens by a whale or institution, with over 1.2 million LINK tokens moved from Binance. Despite broader market fluctuations, Chainlink’s price has remained relatively stable, trading around $13. BeInCrypto Global Head of News, Ali Martinez, identified this as a potential buy signal, suggesting that Chainlink could soon see a significant price surge. Martinez stated, “The TD Sequential presents a buy signal on the 12-hour chart as LINK trades around the lower boundary of a parallel channel. If validated, LINK could rebound toward $15.2 or $17.3.”
As per the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Global |
| Countries | |
| Sentiment | positive |
| Relevance Score | 1 |
| People | Sami, Ali Martinez |
| Companies | BeInCrypto, Chainlink Labs, Redacted, Binance, SingularityDAO |
| Currencies | Chainlink, Ethereum |
| Securities | None |
