Institutions have recently invested over $30 million in Chainlink (LINK) tokens, signaling a growing adoption of the technology in various financial sectors. Despite this institutional backing, the price of LINK has remained stagnant due to increased supply in the market. However, analysts predict a bullish market for Chainlink in the long term, pointing to a recurring pattern in its price movements. Chainlink’s Cross-Chain Interoperability Protocol (CCIP), which supports seamless interactions across multiple blockchains, has played a crucial role in attracting institutional attention. The protocol now supports nine major blockchains, and its integration with various banking institutions has further solidified Chainlink’s reputation in the industry.
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Institutions Have Bought Over $30 Million in Chainlink Amid Rising Adoption
