Feb 2, 2024

Chainlink's (LINK) surged to a 22-month high on Friday, ending a three-month bull breather for the token of the leading decentralized oracle network.

Video transcript

The chart of the day is presented by crypto.com, the leading crypto platform trusted by over 80 million users worldwide. Let's take a look at the chart of the day. The coin desk 20 index is finishing the week in the green with oracle network chain link ticker link leading the index reaching its highest level since early 2022 link is up almost 27% week to date and is followed by Ava Soul and Matic chain link has emerged over the years as a found component of the crypto industry infrastructure connecting blockchains with data from the outside world through its oracles and partnerships. Its infrastructure ensures compatibility between blockchains and facilitates transfers of coins from one chain to another chain link set on X earlier this week. Quote, traditional financial institutions need data compute and cross chain capabilities to adopt blockchains and tokenized real world assets at scale. Only the chain link platform provides all three end quote analysts. At K 33 research recently said that link is the safest way to profit from the tokenization of the real world assets narrative. That's a wrap for chart of the day. I'm Jen Sani. We'll see you next time to unpack more of the data behind top news stories.

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