Presales

What’s Going on With Chainlink? Here’s What You’ve Missed With LINK While Everyone Has Been Buying AI Rugs

What's Going on With Chainlink (LINK)? While you've been shitcoining, Sergey Nazarov's oracle has been building - check out LINK news.

By Alex Ioannou

Last Updated: Oct 25, 2024

Fact checked

By Sam Cooling

What's Going on With Chainlink (LINK)? While you've been shitcoining, Sergey Nazarov's oracle has been building - check out LINK news.

LINK News: While everyone seems to be busy rotating their portfolio to 0 on Solana AI meme coins, we thought it would be a nice change of pace to see what serious crypto projects have been up to recently. Today, we will look at Sergey Nazarov’s Chainlink (LINK).

By now, most people know what Chainlink is about. Its main features are its Oracle networks, which provide accurate price feeds for DeFi applications while also being able to verify real-world events for insurance contract purposes. The use case even stretches to gaming platforms and can generate verifiable randomness for gaming platforms.

Chainlink founder Sergey Nazarov is a busy man. He always makes appearances at the big crypto conferences, pushing Price Volume in 24h Price 7d to the masses, with a cultish community of Link marines at his back. Here is a round-up of the latest news from Chainlink:

World Mobile Token Integrates CCIP To Advance Decentralized Global Connectivity

Chainlink’s Cross-Chain Interoperability Protocol (CCIP) is the industry standard for cross-chain digital assets and data transfer. Recently, World Mobile Token, a decentralized mobile network, announced its CCIP integration across multiple networks: Ethereum, BNB Chain, Base, and Arbitrum.

The platform will employ CCIP’s arbitrary messaging functionality and Simplified Token Transfer capabilities to facilitate secure cross-chain transfers and staking of its utility token, WMTx.

Sergey Nazarov, co-founder of Chainlink, confirmed at the Sibos 2024 conference earlier this week that integrating Swift’s traditional payment system with blockchain technology has reached a production-ready stage.

Chainlink has been collaborating with Swift for several years to enable the use of Swift messages and standards to interact with blockchains seamlessly. Nazarov highlighted that the once-conceptual blockchain integration has now moved to a pre-production stage, allowing institutions to begin real-world testing.

“We’re now at a point where this system is ready to be integrated with your existing institutional systems,” he said during his keynote address.

Australia and New Zealand Banking Group Limited (ANZ), a leading Australian bank with over 1 trillion AUD ($664 million USD) in assets under management, recently announced a partnership with Chainlink Labs.

It has joined the Monetary Authority of Singapore’s Project Guardian, a multi-year collaboration between policymakers and the financial industry to enhance financial markets’ liquidity and efficiency through asset tokenization.

ANZ will utilize CCIP to power cross-chain, cross-currency RWAs in the form of green financial products that can be purchased with A$DC, Australia’s first bank-issued, dollar-backed stablecoin. As ANZ expands its digital asset capabilities with Project Guardian, CCIP will enable secure cross-chain exchange of new tokenized RWAs.

(TRADING VIEW)

LINK is consolidating within an ascending triangle, steadily rebounding from its support trend line. A breakout from this pattern could confirm a bullish trend. If the breakout happens, expect a run toward $19 to reclaim the June high.

If the bullish news continues to flow for Chainlink, coupled with the bull run heating up across the market, expect LINK to quickly flip $20 to support before beginning its run to triple-digits as we move into 2025.

DISCOVER: United States Government Wallet Reportedly Hacked! $20 Million in Crypto Stolen

BONUS: FreeDum Fighters (DUM) – Over $270,000 Raised In Presale For Hilarious Parody Of Upcoming US Election

 

FreeDum Fighters’ ($DUM) presale is off to a flying start. In just over a week, over $270,000 in funding has been secured. This new meme coin project offers a hilarious spin on the fierce competition between presidential candidates Donald Trump and Kamala Harris.

Former U.S. President Donald Trump is represented as ‘MAGATRON,’ while current Vice President Kamala Harris is depicted as ‘KAMACOP9000’. FreeDum Fighters offers a fun way for crypto investors to participate in the U.S. election. Users can secure a bag of DUM for just $0.000055 in the FreeDum Fighters presale.

Users can stake their DUM tokens by choosing their side. If MAGATRON is in the lead, the KAMACOP pool will offer higher rewards, which is the current situation. There is currently 385% APY on offer for those staking/voting with MAGATRON. For those siding with KAMACOP, there is a whopping 1527% on offer.

There are less than 72 hours remaining before the next price stage increase. After this, the price of DUM will increase from its current $0.000055 price point.

Join the project’s community on X or Telegram to be sure not to miss a beat in this fast-moving and momentous election cycle climate – make hay when the political sun is shining.

Visit FreeDum Fighters

EXPLORE: 14 Best Crypto ICOs To Invest In Right Now

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Disclaimer
Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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Alex Ioannou
Alex Ioannou
On-Chain Journalist

Alex is an aspiring writer focusing on the more degen side of the crypto world. Always on the lookout for the next hot narrative. Read More

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