Chainlink on tokenization and blockchain integrations 
$12.11 one of its biggest business partners. Chainlink, which has been preparing for these days for years, now serves the world’s largest companies in the RWA field, which is expected to reach a trillion-dollar size. Moreover, almost all of the DeFi price feeds are provided by Chainlink. So what is the reason for the recent LINK Coin rise?
Chainlink (LINK) Rise
few altcoin It received early ETF approval and was able to be listed on US stock exchanges. Chainlink (LINK) is one of them. Although the LINK Coin price could not fully feel the support of major partnerships, ETF approval paved the way for corporates to invest in Chainlink. This initiative does business that is mostly understood by professional investors and corporates. Considering that the investment coming through the ETF channel will belong to this class, it would not be a dream to have expectations about the demand after approval.
Even though it was listed just yesterday LINK Coin It saw net inflows of $37 million. This is a huge entry compared to DOGE and many other cryptocurrencies. Although DOGE is a more popular asset, it has not been able to attract more than $2 million in inflows even after days.
Therefore, the fact that investors in the ETF channel showed such interest in LINK Coin from the first day tells us that there will be more inflows. If today’s inflows are at a satisfactory level, LINK Coin may currently be the altcoin that benefits most from ETF approval. As a matter of fact, its price increased by more than 15 percent in the last 24 hours due to the impact of ETF approval.
ETF The rise due to demand may pave the way for larger peaks in the medium and long term, as it reflects the smart money’s belief in the future of LINK Coin, beyond speculative price movements. If interest from institutional investors increases exponentially, it is possible to create an upward spiral in which the spot price rises faster and attracts more ETF demand. This could be a good strategy if you’re looking for short-term opportunities. Of course, unless you have a magic orb that shows the future, you shouldn’t be too sure about anything.
LINK Coin Chart
Chainlink The graphic is just like on the launch day. ETF It’s as exciting as the entrance. LINK Coin has risen 20 percent from its recent bottom and crossed the threshold at $14.5, and at the time of writing it is lingering exactly at this breakout point. The next phase could be $15.6 and a range between $16.22 and $17.15.
If you look at the chart carefully, you will see that such large two-day bullish candles do not occur very consecutively. In the best-case scenario, once $20.16 is exceeded, the medium-term threshold of $27.8 will be targeted. If the ETF flow continues like this, 2x could be a very optimistic target for LINK Coin.
