Chainlink Maintains Dominance Despite Competition.
The crypto initiative, which has monopolized its field and continued to grow for years, has maintained its throne despite many competitors. Binance Oracle was launched as the most ambitious competitor, but Binance cannot lead in every area. Here, too, it could not dethrone Chainlink. In the last few years, the Chainlink team has signed major deals.
Chainlink and Its Future.
Chainlink, which collaborates with
many global partners including Swift
and shows significant presence in the
tokenization of real-world assets,
remains strong. However, the same
cannot be said for LINK Coin. The
initiative, which facilitates the asset
tokenization work of trillion-dollar
giants with CCIP, greatly benefits from
the potential of the RWA field to turn
into a trillion-dollar market.
But there is a problem here. Or rather, there was. Although late in increasing the utility and demand of LINK Coin, the Chainlink team created staking pools. The pool, which was expanded at the end of last year, ensures that a significant portion of the supply remains locked. The pool, which has not expanded for 8 months, may soon trigger a new wave of demand with its growth here.
In summary, things look good for LINK
Coin in the long term. But what about
the short-term outlook? Things are
not looking good here as the price has
fallen to the $10 bottom. The funding
rate in futures has turned negative
again, indicating that professional investors expect further declines. The
price, stuck between $10.72 and
$9.93, may fall further.
Looking at the liquidation heat map, there is a significant liquidity accumulation between $9.88 and $9.97. The price may linger at this threshold during the decline. Conversely, the thresholds of $10.39 and $10.86 should turn into support.
