Chainlink’s LINK Token Gains Momentum Amid New Integrations
- Chainlink’s native token, LINK, is priced at $20.81, with a weekly gain of 6.7%.
- Plasma (XPL) has joined Chainlink Scale, adopting its oracle services for stablecoin payments.
- UBS has initiated a pilot program integrating Chainlink’s Cross-chain Interoperability Protocol (CCIP) with SWIFT.
- The Chainlink Reserve purchased an additional 46,441 LINK tokens, raising total holdings to over $9.5 million.
- LINK established critical support at $22.13 with significant buying interest exceeding daily averages.
The recent integration of Chainlink’s services by Plasma and UBS highlights the growing adoption of oracle solutions in the blockchain space, particularly for stablecoin applications.
With LINK showing bullish momentum and a clear higher low pattern, it faces resistance around $23 after fluctuating within a range of $22.13 to $23.09 during the past day.
