tl;dr
Chainlink (LINK) price surged due to a collaboration with the HBAR Foundation on the Hedera blockchain, leveraging Chainlink's data and interoperability services through Chainlink Scale. This partnership strengthens the relationship between Chainlink and Hedera, providing essential resources for dec...
Chainlink (LINK) price has surged due to a collaboration with the HBAR Foundation on the Hedera blockchain, leveraging Chainlink's data and interoperability services through Chainlink Scale. This partnership strengthens the relationship between Chainlink and Hedera, providing essential resources for decentralized applications. The integration equips developers with tools to build secure, decentralized applications across Hedera's network.
Chainlink's CCIP on Hedera enhances cross-chain interoperability for dApps, facilitating token transfers and programmable transactions across multiple blockchain networks.
LINK Price has risen by approximately 5%, reaching $11.74, signaling positive market reception to the partnership. Recent price analysis suggests LINK price may rally to $20 if current bullish momentum sustains.
The HBAR Foundation has joined the Chainlink Scale program, adding Chainlink Data Feeds and Cross-Chain Interoperability Protocol (CCIP) to the Hedera Testnet. By integrating LINK network’s reliable data and cross-chain capabilities, Hedera developers gain tools to create advanced DeFi applications. Chainlink Scale empowers Hedera’s ecosystem with Chainlink’s oracle solutions.
Chainlink’s relationship with Hedera dates back to 2021, further cemented when the decentralized oracle platform joined the Hedera Governing Council. This longstanding partnership has enabled LINK network to contribute directly to Hedera’s network development and infrastructure.
With the HBAR Foundation’s support, Hedera’s ecosystem now benefits from Chainlink Data Feeds, which deliver accurate, high-quality data across DeFi applications. Additionally, Chainlink’s oracle networks operate on secure, Sybil-resistant nodes, ensuring continuous operation even under high network load. Moreover, Chainlink Data Feeds on Hedera offer dependable data delivery, especially vital for accurate financial applications.
The integration equips developers with the tools to build secure, decentralized applications across Hedera’s network.
Concurrently, the integration of Chainlink’s CCIP on Hedera is a significant enhancement in cross-chain interoperability for dApps. CCIP facilitates token transfers and programmable transactions across multiple blockchain networks, streamlining cross-chain operations. This system includes a plug-and-play token transfer solution to simplify token minting and burning between chains.
The ongoing collaborations and integration with prominent networks like Hedera continue to elevate its potential in the blockchain space. Recent partnerships, such as its integration with Swift’s messaging network and the launch of Data Streams on BNB Chain’s Layer-2, are steadily enhancing its DeFi utility and cross-chain capabilities.
In addition, recent price analysis reveals that LINK price may rally to $20 if current bullish momentum sustains. The token’s ascending triangle pattern and growing trading volume indicate strengthening support for an upward breakout. However, to reach the $20 target, LINK price will need to overcome resistance levels at $10 and $15, marking a potential 80% increase from current levels.
More about Interlink Electronics Inc
Interlink Electronics Inc Summary Interlink Electronics Inc
Interlink Electronics, Inc. designs, develops, manufactures, and sells force sensing technologies that incorporate proprietary material technology, firmware, and software into standard sensor-based products and custom sensor system solutions. The company is headquartered in Irvine, California.
Industry and Sector
Technology, Computer Peripheral Equipment
Stock Information
Company: Interlink Electronics Inc
Stock Symbol: NEC
Industry Code: 50801000
Opening Price: -0.21
Closing Price: 1.282
Change: -0.128
Volume: 12635000
Day Low: 7
Day High: 21.01
Change Percentage: -0.284