Chainlink is making noticeable strides in the cryptocurrency market, gaining support from government and major institutions. This enhances its position as a bridge between traditional and blockchain finance.
Partnership with the U.S. Government
Chainlink announced a partnership with the U.S. Department of Commerce, which took place on August 28-29. This agreement allows the use of official economic data, such as GDP, directly on blockchains. Government data is now accessible in real-time via Chainlink’s oracle network, ensuring security and transparency in trading and DeFi.
Support from CaliberCos
CaliberCos, listed on Nasdaq, announced that it holds LINK tokens on its balance sheet and uses them as part of its treasury strategy. Additionally, Thala has upgraded its platform to Chainlink on the Aptos blockchain, making ThalaSwap V2 more reliable by providing accurate price data for various assets.
LINK's Growth Potential
Currently, Chainlink (LINK) is trading at $23.57, up 2.5% in the past 24 hours. Analysts indicate potential growth if LINK can break the strong resistance area around $23. In the long term, this may make reaching the $100 mark more realistic.
New partnerships between Chainlink and governmental agencies and large companies enhance its market reputation. With growing interest in LINK, its price may rise significantly in the future.
