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Chainlink (LINK) Goes Live on Base in Readiness for New Bull Rally

Mon, 08/14/2023 - 08:09
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Godfrey Benjamin
Chainlink landed new partnerships in apparent setup for price growth
Chainlink (LINK) Goes Live on Base in Readiness for New Bull Rally
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Chainlink (LINK), the crypto ecosystem's most used decentralized oracle service provider is expanding its access through consistent integrations with some of the industry's most promising protocols. According to a recent update shared by the protocol, Coinbase's base protocol has finally integrated Chainlink alongside a host of other projects, including Lendvest, DSLA, Banshees NFT project and Crypto-Guilds, among others.

Chainlink (LINK) Debuts This Core Product on Mainnet: Details

These integrations are quite essential for Chainlink as it brings enormous demand to its native token, LINK, thus creating a positive upside for growth across the board.

One unique feature of these broad integrations is the fact that each of the projects drawing support from the Chainlink oracle are still in the early stages of their operations, and their growth might translate to additional upside for LINK.

Take Base, for instance: the protocol is bound to start welcoming a number of decentralized applications (dApps), which in turn are likely to require more services on offer by Chainlink protocol. The upside for growth on LINK is high considering the fact that the oracle provider has not slowed down its broad-based partnerships since the start of the year.

Chainlink price outlook

The general consensus is that these integrations will offer a major upside for growth for LINK and set it up on a path to a bullish rally.

Chainlink (LINK) Jumps 19%, This Is Its Setup for New Levels

At the time of writing, LINK is changing hands at a price of $7.46, down by 0.43% in the past 24 hours to reflect the current downtrend in the broader market. The resilience of Chainlink is further showcased by the fact that it has maintained a relatively positive uptrend in the trailing seven-day period with more than 4% growth in that time.

Chainlink is arguably one of the most underpriced tokens in Web3.0, and through its latest partnerships, analysts are projecting a more ambitious price surge in the near future.

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About the author

Godfrey Benjamin is an experienced crypto journalist whose main goal is to educate everyone around him about the prospects of Web 3.0. His love for crypto was birthed when, as a former banker, he discovered the obvious advantages of decentralized money over traditional payments. With his vast experience covering various aspects of Web3, Godfrey's articles has been featured on, Cryptonews and Coingape, among others.