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What’s Going on With Chainlink? Here’s What You’ve Missed With LINK While Everyone Has Been Buying AI Rugs

What’s Going on With Chainlink? Here’s What You’ve Missed With LINK While Everyone Has Been Buying AI Rugs

99bitcoins99bitcoins2024/10/25 21:22
By:AlexSam Cooling

What’s Going on With Chainlink? Here’s What You’ve Missed With LINK While Everyone Has Been Buying AI Rugs image 0

LINK News: While everyone seems to be busy rotating their portfolio to 0 on Solana AI meme coins, we thought it would be a nice change of pace to see what serious crypto projects have been up to recently. Today, we will look at Sergey Nazarov’s Chainlink (LINK).

By now, most people know what Chainlink is about. Its main features are its Oracle networks, which provide accurate price feeds for DeFi applications while also being able to verify real-world events for insurance contract purposes. The use case even stretches to gaming platforms and can generate verifiable randomness for gaming platforms.

Chainlink In The News: Bullish For The LINK Marines?

Chainlink founder Sergey Nazarov is a busy man. He always makes appearances at the big crypto conferences, pushing What’s Going on With Chainlink? Here’s What You’ve Missed With LINK While Everyone Has Been Buying AI Rugs image 1 What’s Going on With Chainlink? Here’s What You’ve Missed With LINK While Everyone Has Been Buying AI Rugs image 2 Price Trading volume in 24h Last 7d price movement to the masses, with a cultish community of Link marines at his back. Here is a round-up of the latest news from Chainlink:

World Mobile Token Integrates CCIP To Advance Decentralized Global Connectivity

Blockchain-powered mobile network @wmtoken has integrated Chainlink #CCIP .

Learn more about why, as a DePIN project, World Mobile Token chose the industry-standard cross-chain solution ⬇️ https://t.co/wp78YeI9bV pic.twitter.com/lPShW07fp7

— Chainlink (@chainlink) October 1, 2024

Chainlink’s Cross-Chain Interoperability Protocol (CCIP) is the industry standard for cross-chain digital assets and data transfer. Recently, World Mobile Token, a decentralized mobile network, announced its CCIP integration across multiple networks: Ethereum, BNB Chain, Base, and Arbitrum.

The platform will employ CCIP’s arbitrary messaging functionality and Simplified Token Transfer capabilities to facilitate secure cross-chain transfers and staking of its utility token, WMTx.

Chainlink and Swift’s Blockchain Payment Integration Hits Production-Ready Stage

Today at #Sibos , @SergeyNazarov announced that #Chainlink has officially entered the pre-production stage with Swift on connecting financial institutions to blockchain networks 🔥

Sergey also presented a demo application of the solution in action 👀 pic.twitter.com/SZXyk8c4Mp

— Zach Rynes | CLG (@ChainLinkGod) October 23, 2024

Sergey Nazarov, co-founder of Chainlink, confirmed at the Sibos 2024 conference earlier this week that integrating Swift’s traditional payment system with blockchain technology has reached a production-ready stage.

Chainlink has been collaborating with Swift for several years to enable the use of Swift messages and standards to interact with blockchains seamlessly. Nazarov highlighted that the once-conceptual blockchain integration has now moved to a pre-production stage, allowing institutions to begin real-world testing.

“We’re now at a point where this system is ready to be integrated with your existing institutional systems,” he said during his keynote address.

Chainlink Moves Into RWA Sector With A Leading Australian Bank

We're excited to announce CCIP Private Transactions, enabling financial institutions to connect private blockchains to the multi-chain economy.

Australia and New Zealand Banking Group (ANZ) will be among the first financial institutions to pilot the capability for cross-chain… pic.twitter.com/1Qmm9nURqz

— Chainlink (@chainlink) October 22, 2024

Australia and New Zealand Banking Group Limited (ANZ), a leading Australian bank with over 1 trillion AUD ($664 million USD) in assets under management, recently announced a partnership with Chainlink Labs.

It has joined the Monetary Authority of Singapore’s Project Guardian, a multi-year collaboration between policymakers and the financial industry to enhance financial markets’ liquidity and efficiency through asset tokenization.

ANZ will utilize CCIP to power cross-chain, cross-currency RWAs in the form of green financial products that can be purchased with A$DC, Australia’s first bank-issued, dollar-backed stablecoin. As ANZ expands its digital asset capabilities with Project Guardian, CCIP will enable secure cross-chain exchange of new tokenized RWAs.

How Has LINK Been Responding To Non-Stop Bullish Announcements?

What’s Going on With Chainlink? Here’s What You’ve Missed With LINK While Everyone Has Been Buying AI Rugs image 3 (TRADING VIEW)

LINK is consolidating within an ascending triangle, steadily rebounding from its support trend line. A breakout from this pattern could confirm a bullish trend. If the breakout happens, expect a run toward $19 to reclaim the June high.

If the bullish news continues to flow for Chainlink, coupled with the bull run heating up across the market, expect LINK to quickly flip $20 to support before beginning its run to triple-digits as we move into 2025.

You’re not ready for what’s coming. No one is. Not even the real link marines . $LINK pic.twitter.com/54ddUIpo70

— Nastardamus ⏣ (@nas49001254) October 24, 2024

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BONUS: FreeDum Fighters (DUM) – Over $270,000 Raised In Presale For Hilarious Parody Of Upcoming US Election

 

FreeDum Fighters’ ($DUM) presale is off to a flying start. In just over a week, over $270,000 in funding has been secured. This new meme coin project offers a hilarious spin on the fierce competition between presidential candidates Donald Trump and Kamala Harris.

Former U.S. President Donald Trump is represented as ‘MAGATRON,’ while current Vice President Kamala Harris is depicted as ‘KAMACOP9000’. FreeDum Fighters offers a fun way for crypto investors to participate in the U.S. election. Users can secure a bag of DUM for just $0.000055 in the FreeDum Fighters presale.

Kamacop is NOT impressed with Elon right now 💸💸 pic.twitter.com/IVgbt1tHBH

— FreeDum Fighters (@Freedum_Fighter) October 25, 2024

Users can stake their DUM tokens by choosing their side. If MAGATRON is in the lead, the KAMACOP pool will offer higher rewards, which is the current situation. There is currently 385% APY on offer for those staking/voting with MAGATRON. For those siding with KAMACOP, there is a whopping 1527% on offer.

There are less than 72 hours remaining before the next price stage increase. After this, the price of DUM will increase from its current $0.000055 price point.

Join the project’s community on X  or Telegram  to be sure not to miss a beat in this fast-moving and momentous election cycle climate – make hay when the political sun is shining.

Visit FreeDum Fighters

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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