Chainlink price shoots up 5% after optimism about Ethereum ETFs and these new partnerships
Chainlink (LINK) is surging amid positive developments, including upcoming collaborations and optimism about Ethereum ETFs. What is driving this increase and what does it mean for investors?
Chainlink’s performance
Despite a mostly quiet day for crypto markets, Chainlink (LINK) is posting notable gains. As the best performing digital asset among the top 40 coins, LINK is up more than 10% in the last 24 hours, and is now trading at $18.75.
Collaboration with Swift and other partnerships
The bullish sentiment surrounding Chainlink is reinforced by the announcement that it will be performing alongside international payments platform Swift during the Consensys Conference in Austin, Texas. This collaboration, which started last fall, shows that existing infrastructure can integrate with blockchain technologies.
Broad optimism for Ethereum and digital assets
Chainlink co-founder Sergey Nazarov also expressed optimism for Ethereum and other digital assets following the historic approval of Ethereum ETFs. Nazarov emphasized that this is just the beginning and that many other tokens will get their own ETFs in the future, allowing the larger global capital markets integrate with these financial products.
Future perspective of Chainlink
While Chainlink is currently posting impressive performance, it still has a long way to go to match its 2021 all-time high of $52.70. Nevertheless, LINK’s recent rise remains hopeful for investors who believe in the project’s long-term prospects.
