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"ETH has been rallying hard lately, and blue chip altcoins on Ethereum have been rallying even harder. One of these has been Chainlink, whose LINK token is on the brink of a massive, multi-year breakout.
This is not surprising given that Chainlink has evolved a lot over the years, and it has recently been put in the spotlight over and over due to its close connections to TradFi firms and the Trump administration.
The recent introduction of the Chainlink reserve combined with Chainlink’s growing fee revenue also suggests that LINK could keep powering higher based on fundamentals, not just speculation.
Even if you don’t hold LINK, this is a video you need to watch until the end."
~ Coin Bureau
This video provides an update on Chainlink, analysing its recent developments and price action. It notes that Chainlink has likely been funding its development by selling Link tokens, a strategy that has driven ecosystem growth. The project has laid the groundwork for future growth, launching programs that would increase the value of the LINK token, including staking. Groundbreaking products like the Cross-Chain Interoperability Protocol (CCIP) and Data Streams have been introduced to enable asset transfer between blockchains and to deliver data more efficiently. Chainlink has also expanded its reach by partnering with traditional finance institutions and governments. A recent upgrade, the Chainlink Reserve, uses a portion of the protocol's revenue to buy back LINK tokens.
The video also discusses the price analysis of LINK. It states that LINK is at a key resistance level of around $25 and could see the next resistance at $35 if it breaks out. A long-term analysis reveals a "cup and handle" pattern, which, combined with Ethereum's bullish chart, suggests that LINK could also follow an upward trend. The video predicts that a reasonable price target for LINK this cycle could be around $70, which would be a new all-time high. Potential challenges include competition from TradFi and FinTech firms and the project's reliance on selling LINK tokens for development.
0:00 Intro
0:40 CCIP Launch, Fee Revenue
5:08 Chainlink TradFi, ETF, Reserve
9:57 LINK Price Analysis And Prediction
13:58 Chainlink Roadmap Milestones 2025
17:32 Chainlink Challenges Competition 2025
Source - Coin Bureau YouTube: https://www.youtube.com/watch?v=cdFReZdVy4M
Disclaimer: This video is provided for informational purposes only, and not offered or intended to be used as legal, tax, investment, financial, or any other advice.
