Chainlink price forecast amid Bridgetower’s $11B tokenization hike


  • Chainlink’s price has recovered to $9.50 as bears maintain sentiment.
  • Bridgetower has taken Chainlink’s solutions to market for $11 billion in securities.
  • LINK price is facing temporary resistance around $9.50-$10.50.

Chainlink’s LINK token traded at $9.31 after losing gains from intraday highs of $9.50 earlier in the afternoon.

Altcoins continue to fall below $10 amid a bull market.

Big and global storms remain interesting factors that keep the bears in control, but will Bridgetower’s move to Chainlink to offer $11 billion in securities likely to spark interest in LINK?

Here is a brief overview of Chainlink’s value following recent developments in the company’s financial management.

Bridgetower’s Chainlink integration

According to the announcement, Bridgetower is set to use the Chainlink platform to showcase assets in natural resources, energy, and metals.

The move will initially bring the DOM X Arizona Copper-Gold Project, a US-based natural resource project valued at $11 billion, on the chain.

Bridgetower will facilitate the issuance and management of tokenized assets through Chainlink’s Cross-Chain Interoperability Protocol (CCIP), Proof of Reserve, and NAVLink solutions.

The integration integrates KYC, KYB, and AML controls at the protocol level within Bridgetower’s Tokenization Platform, supported by fiat and stablecoin rails from Iron, a MoonPay company.

“We are happy to see Bridgetower moving from CRE early adopter to having organizations tokenized assets sent around $11 billion in assets in a few months. All major financial institutions in the world are looking at tokenization right now, and they are looking for evidence of the creation of powering assets at scale,” said Johann Eid, director of business of Chainlink on Thursday.

This development strengthens the power of Chainlink in the field of tokenization.

Recent months have seen major financial institutions and governments use the oracle network to provide real-time financial information. Chainlink has helped protect the total wealth of more than $100 billion, and experts say that this can be seen in the high price of LINK.

Chainlink price – short-term technical trend

With LINK hovering around $9.30, key support is in the $8.70–$9.00 range, while long-term resistance is between $9.50 and $10.50.

If buyers push higher, a return to $14-$15 may follow. However, a loss of high volume could send prices down to support at $7.80.

Technical indicators support this mixed view. The RSI on the daily chart is around 48, putting it in a neutral position and indicating a profitable position.

However, the MACD is showing a strong bearish trend with a flat histogram, pointing to a potential breakout zone.

The value of chainlink LINK
Chainlink price today and TradingView

A surge in cryptocurrency -especially if Bitcoin goes above $80,000- would be beneficial for LINK. Conversely, global uncertainty or a rise that reduces risk appetite can lead to a sell-off in major altcoins, including Chainlink.





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