Chainlink also fell by 35% to $20.25 due to a selloff across the board with Bitcoin and other cryptocurrencies.
In September 2019, Donald Trump’s World Liberty Financial acquired Chainlink for Oracle Solutions by buying $2 million worth of LINK tokens.
To support tokenized real-world assets and Decentralized Finance, Chainlink is behind its Cross-Chain Interoperability Protocol.
Chainlink has registered a massive reversal from yearly highs of $31.65 to trade at $20.25 at the close of the year on December 30. This is similar to situations around all cryptocurrencies where the market saw billions in loss in the past several days of December. Some other large tokens also felt the heat during this period and the price of Bitcoin also declined massively.
Despite the current bearish run in the cryptocurrency market crypto analyst Michael van de Poppe is confident about Chainlink for the long-term prospects. In his opinion, Chainlink is in the process of basing and in the process of looking for higher grounds, which are all possible scenarios. Van de Poppe highlighted the undervaluation of LINK in Bitcoin terms, suggesting potential growth opportunities for the token.
https://twitter.com/CryptoMichNL/status/1873731264865280159
Major Adoption by World Liberty Financial
Chainlink’s adoption continues to grow, underscored by its selection by Donald Trump’s World Liberty Financial for Oracle solutions. The organization further demonstrated its commitment to the technology by purchasing $2 million worth of LINK tokens. This dragged Chainlink to $20.25, down by 35% as selloffs occurred across the board with Bitcoin and other cryptocurrencies.
In September this year, Trump’s World Liberty Financial purchased Chainlink for Oracle solutions for $2m in tokens.
Chainlink has recorded a U-turn from a yearly high of $31.65 to close the year at $20.25 on December 30. As it is with all other cryptocurrencies, the market has experienced billions of dollars wiped off within the past several days of December. Some other large tokens also suffered during this period and the price of Bitcoin evaporated down significantly as well.
However, as of now, there is negative information for Chainlink investors; however, the famous cryptocurrency trader, Michael van de Poppe holds a long-term bullish outlook on the cryptocurrency. According to him, Chainlink is in the process of basing and is in the process of seeking higher grounds, which are fallacious possibilities.
