DeFI News by Thebittimes.Com

The Chainlink (LINK) cryptocurrency is up big following its announcement of a new partnership with credit card provider Mastercard. The two are partnering to enable Mastercard cardholders to purchase cryptocurrency directly on-chain. The two companies shared the announcement on Tuesday morning, signaling a “major step forward in the mainstream adoption of Web3.” Since the announcement, LINK has climbed nearly 20%, showcasing interest in Chainlink’s big move. At press time, the asset is up 3% in the past week after a brief slide in mid-June. LINK’s trading volume is down to $397.12 million as transactions begin to slow, likely meaning investors are awaiting a point where Chainlink’s price goes up or down. The cryptocurrency currently sits at $13, reclaiming that mark after a stint around $12. As adoption of crypto assets continues to grow, collaborations like the one between Mastercard and Chainlink are helping drive a new wave of users that bridge the gap between crypt...

Chainlink (LINK) is in the midst of a strong downspell, falling 16% in the past week. Analysts are worried that a further 15% drop could be ahead for the altcoin. The Chainlink (LINK) cryptocurrency has dropped significantly in 2025 so far, with bears sending the asset down 32% in the past month alone. After a solid end to 2024, investors were bullish on LINK entering the new year. However, the cryptocurrency has failed to pick up any steam. Currently, analysts suggest that a fall to $12.60 is possible if LINK drops below $15. Chainlink hasn’t fallen below $14 in 2025 yet, but might be on its way to doing so. As a result, even crypto whales are selling off their assets seemingly. According to Ali Charts, a crypto analyst on X, whales have moved nearly 610,000 Chainlink (LINK) tokens to exchanges in the past 24 hours, signaling increased selling pressure. The selloff prompted the asset to drop further this week, creating more worry around the altcoin amongst investors. How Much Fur...

New data from market intelligence firm Glassnode reveals that decentralized oracle network Chainlink (LINK) is gaining on-chain momentum as its price rises. In a new thread on the social media platform X, Glassnode says that LINK’s fundamentals are improving along with its active address momentum and rising price tag. “While LINK’s price surge was clearly driven by speculative and short-term market activity, its fundamentals are improving too. Active addresses momentum is trending higher, with the short-term SMA (simple moving average) of 6,682 still above the long-term SMA of 5,878. That said, active addresses remain far below their 2021 peak of 23,416.” Source: Glassnode/X Glassnode goes on to note that LINK hit the highest price it has since 2022 and that its futures open interest has reached a new all-time high, signaling high trading activity. “Chainlink’s token LINK has hit its highest price in nearly two years, and futures open interest (OI) just s...

Chainlink (LINK) continues to outshine the top 10 crypto projects by market cap, despite sitting at 14th on the rankings. While the top 10 projects are going red in the daily charts, LINK is green across the board and continues to surge amid bullish trends and strong development activity. Now, analysts are projecting a new breakthrough, anticipating Chainlink to hit as high as $50, an over 100% surge from the current price. LINK has surged by 75% in the previous month. Its price has also risen by 58% since December 2023., with momentum not slowing down. Entering 2025, crypto investors are eying the blockchain network’s native cryptocurrency as a potential must-have. Chainlink has already broken through since December, riding the bullish crypto market run. However, the asset is forming an interesting pattern on the daily charts, signaling further gains on the way. A Potential 100% Price Climb for LINK? One crypto analyst has expressed optimism about the Chainlink price revisiting i...

Chain LINK ( LINK ) registered commanding gains this week, surging nearly 30% before meeting stiff resistance around the $19.50 level. Still, according to an Analysis by crypto trader Ali, conquering that supply hurdle opens the door towards significantly more upside for the Oracle network’s cryptocurrency. In a recent tweet, Ali highlighted a critical band of resistance between $19.40 and $20 where over 5,330 addresses hold a combined 8.59 million LINK—representing a substantial concentration of potentially sellable tokens at current prices.   Also read: Shiba Inu: $1000 Investment Could Turn Into $109k If SHIB Reaches $0.001 #Chain LINK faces stiff resistance between $19.40 and $20.03, where 5,330 addresses hold over 8.59 million $ LINK . But if # LINK can break through this supply wall, the next critical area of resistance is around $26.87, representing a 38% price increase! pic.twitter.com/g34fryPll5 — Ali (@ali_charts) February 5, 2024 ...