The cryptocurrency Chainlink (LINK) has experienced a significant 13% rise in the past 24 hours, thanks to a recent announcement of its partnership with Mastercard, attracting the attention of the broader crypto market.
Overview of Chainlink and Mastercard Partnership
According to a recent release, Chainlink and Mastercard have partnered to enable over three billion cardholders to purchase cryptocurrency directly on-chain. This collaboration will facilitate fiat-to-crypto conversions using Chainlink's technology to verify and synchronize key transaction details.
Cryptocurrency Market and Chainlink Price Surge
At press time, Chainlink was up 12% in the last 24 hours, reaching a price of $13.31 amid a broader market recovery following significant sell-offs over the weekend. Crypto assets are starting to rise again, with Chainlink being a notable participant in this trend.
Traders' Expectations and Future Prospects for Chainlink
Traders will be closely watching whether Chainlink can maintain its current momentum and reach daily moving averages of $14.66 and $17.49. This scenario creates intriguing opportunities for upcoming trading sessions.
The price rise of Chainlink and its strategic partnership with Mastercard open up new opportunities for the cryptocurrency market, which may lead to increased interest and activity from investors.
