Chainlink (LINK) continues to capture attention in the cryptocurrency market amid ongoing interest in its price dynamics and asset distribution among holders.
Current Price and Market Sentiment
Currently, Chainlink ($LINK) is trading at $13.46. The market is divided between profit holders and those facing losses. On-chain data reveals strong support around $12.42–$12.93 and visible resistance at $15.30.
Holder Data and Asset Distribution
According to analyst Ali Martinez, 35.96% of LINK holders, or 111.91 million tokens, are "In the Money." Meanwhile, 63.37%, or 197.22 million LINK, are "Out of the Money," indicating losses. Only 0.67% of tokens are trading "At the Money," near their purchase price.
Chainlink Partnership with Mastercard
Chainlink has announced a new partnership with Mastercard aimed at simplifying fiat-to-crypto conversions for global cardholders. The integration of Chainlink's interoperability layer with Mastercard’s payment network will allow users to securely access crypto directly from their bank accounts.
The current situation with Chainlink emphasizes the importance of support at the $12.42–$12.93 level and the active work towards improving access to cryptocurrencies through partnerships with financial institutions.
