Chainlink’s Price Eyes $10 as SIX Group Moves On-Chain


  • The price of Chainlink has increased by 3% in the last 24 hours and is beating the main crypto market.
  • The network has included SIX Group, which brings €2T of data revenue to the chain.
  • This integration will push the Chainlink and RWA game.

The LINK token of Chainlink has increased by 3% and the price of the token is hovering around $9.3 per token. With this increase, the token continues to be the biggest gainer in the crypto market according to CoinMarketCap price data.

The conference seems to be driven by a project that brings big data to the on-chain retail market. At press time, the price of the token stands at $9.33 with an uptick of 3.12% in the last 24 hours as CoinMarketCap price.

$LINK 24 hour chart
$LINK 24 hour chart

Six Equities Data Goes On-Chain

Chainlink has integrated SIX Groupwhich runs Switzerland’s SIX Swiss Exchange and Spain’s BME Exchange, in its DataLink platform. With this integration, real data from €2 trillion in market cap will be converted into smart contracts for the first time. Developers can now access this in more than 2,600 applications across more than 75 blockchains.

This partnership expands LINK’s reach into traditional finance (TradFi) and tokenization of real assets (RWA). It positions Chainlink as the go-to oracle for trusted, decentralized data that integrates blockchain assets. As TradFi companies introduce currencies, currencies and storage facilities, they will need market data to function just as DeFi does.

SERGEY Nazarov on the Institutional Data Boom

Chainlink co-founder Sergey Nazarov wrote on X and said he was excited about SIX adopting Chainlink as a data standard for market information. He added that this requires fuel from TradFi for RWAs, which require reliable data such as DeFi’s 70% Chainlink-powered market.

Other top providers have also joined, including S&P, FTSE Russel, Tradeweb, Deutsche Börse, Intercontinental Exchange, and Coinbase. This data accelerates token sales and opens the doors to DeFi, prediction markets, and more. With Chainlink’s CCIP and CRE< this supports the highest level of investment.

Important Notices

SIX and Chainlink announced that equities data from the Swiss and Spanish exchanges are now on-chain through DataLink. This integration will open up indexes, products, DeFi compatibility, prediction markets and new trading tools.

Matthew Nurse, Head of Market Data at SIX said, “Through integration with Chainlink’s data publishing service, SIX provides real-time, valuable market data while bringing Swiss and Spanish blue-chip equities onchain through Chainlink’s DataLink.

Fernando Vázquez, President, Capital Markets, Chainlink Labs, said, “Chainlink DataLink offers trusted global data providers such as SIX a secure, risk-free way to sell valuable business data and maintain the integrity, qualifications, and management of distribution required by financial institutions. Chainlink’s industry-standard infrastructure.”

Ethereum Foundation Audit Partnership

Moroever, Chainlink Labs they contacted each other The Ethereum Foundation’s new $1 million security program. Along with partners like Nethermind and Areta. Here, the LINK network will help select projects to receive funding support to promote environmental protection.

This strengthens the position of the LINK network as a reliable player Ethereum. It increases its reputation and influence, supporting the long-term demand for its services even if it is not a direct investment right now.

LINK Price Interrupts High Resistance

On April 15, The value of Chainlink showed a strong bullish signal when the price broke above the SMA ribbon, which is a group of four moving averages (20, 50, 100, 200). When these lines are very crowded, it usually means that a big move is coming and in this case, the exit happened to the upside. At the same time, the MACD indicator changed its strength by crossing above zero, which indicates an increase in buying.

So basically, the short-term trend is looking good. The next level you can see is around $10 and if the price is above this, it can go up to $11-$12. However, if the price declines, it may retest the support around $8.87-$9. Overall, the indicators point to strong growth in LINK, making $10 a near-term target.

Also Read: Chainlink Price Signals Possible Reversal As Whales Accumulate



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *