Chainlink (LINK) is advancing its role in the decentralized finance (DeFi) ecosystem and gaining attention for its new partnerships.
Growth Prospects for Chainlink
The cryptocurrency Chainlink ranks 14th by market capitalization and aims for the psychological price of $17. Market analyst Tektonic noted, 'The price structure indicates the formation of a potential continuation pattern, with $13.50 acting as immediate resistance. A confirmed breakout above this level could open the path toward the $14.50–$15.00 region in the short term.'
Partnership with Mastercard
Chainlink and Mastercard recently announced a collaboration to launch Swapper Finance, allowing users to buy crypto directly from decentralized exchanges (DEXs) using Mastercard cards. This partnership marks the first time any crypto can be purchased on-chain using traditional cards. As a result, Mastercard's 3.5 billion cardholders will have the opportunity to buy crypto directly on Uniswap.
Build on Solana Program
Last month, Chainlink launched the ‘Build on Solana’ program to accelerate Web3 development on Solana through targeted ecosystem incentives and expert technical support. By merging Solana’s high-speed performance with Chainlink’s powerful oracles, the program intends to boost scalability and efficiency for apps in gaming, DeFi, and NFTs. Therefore, Chainlink continuously makes strategic partnerships and developments to boost its adoption rate and spur innovations.
Chainlink is actively working on expanding its influence in the DeFi world through new partnerships and initiatives, demonstrating its significance in bridging traditional finance with cryptocurrencies.
