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Crypto

Chainlink Teeters on Breakout with Cross-Chain Infrastructure Boost

Guavy AI Editorial Team
Instruments
BTC LINK
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Chainlink's price has been consolidating near $8.20 on the shorter timeframes, setting up a potential breakout. If it clears the top with real volume behind it, this could be a bullish sign for LINK.

The market data shows that LINK is currently trading at $8.21, up 0.3% on the day, ranging between $8.06 and $8.33. The market cap sits at $6.142B, and fully diluted value isn't far off at $8.211B.

Chainlink's cross-chain infrastructure reportedly underpins around 70% of all wrapped Bitcoin out there right now, with names like BitGo and Coinbase leaning on its systems for over $13.5 billion worth of wrapped BTC alone.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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