The LINK token may see a 25-fold increase to $200 by the end of 2030, as the growing real world asset market increases demand for the industry’s largest oracle services provider, according to Standard Chartered. The Chainlink (LINK) token may see an more than 25-fold increase by the end of the decade, as tokenized real world assets (RWA) will reach $4 trillion by the end of 2028, according to a forecast by Geoff Kendrick, the global head of digital asset research at Standard Chartered. Kendrick said that the growth in tokenized assets will require more external data to come securely onchain, which may increase Chainlink’s fee generation and push its LINK token to $200 by the end of 2030, up from $8 today, according to a Monday report shared with Cointelegraph. The report also forecast a 37-fold rise in tokenized and crypto-native assets deployed in decentralized finance, pushing these assets to $2.7 trillion by the end of 2030. Kendrick said these assets will require trusted data, interoperability between net...
Bitcoin pole vaulted to $78,000 and altcoins soared after Iran said that the Strait of Hormuz was fully open. Will bulls be able to sustain the upward momentum? Key points: Bitcoin soared above $76,000, opening the doors for a further rally toward $84,000. Several major altcoins are showing strength, signaling broad-based buying by the bulls. Read more
A Bitcoin daily candlestick close above $76,000 would complete a bullish trend reversal and shift the bulls’ short-term price target to $84,000. Will altcoins follow the rally? Key points: Bitcoin’s shallow pullback from the $76,000 resistance suggests that buyers are holding onto their positions, expecting the recovery to continue. Select major altcoins are showing strength and are expected to break above their overhead resistance levels. Read more
Bitcoin bulls spent the week stampeding toward a critical overhead resistance level, which, if breached, could restart the bull market in BTC and altcoins. Key points: Buyers are attempting to push Bitcoin toward the $76,000 level but are facing significant selling from the bears. Several major altcoins are likely to pick up momentum if they break above their overhead resistance levels. Read more
Bitcoin’s relief rally is facing selling pressure near $72,000, but technical charts suggest a bullish bias. Will altcoins follow in BTC’s footsteps? Key points: Bitcoin is showing signs of bottoming out, but some analysts believe a final shakeout below $60,000 is still possible over the next few months. Several major altcoins are showing early signs of buying, but the bulls have a lot of work to do before a trend change is signalled. Read more