Goals for Chainlink in 2025: Expanding Partnerships, Launching ETFs, and Predicted All-Time High for LINK price.
In a series of significant developments, Chainlink, the leading oracle network, has been making waves in the blockchain industry.
Firstly, Chainlink announced a strategic partnership with SBI Holdings to accelerate institutional digital asset adoption. This partnership is expected to bolster Chainlink's position in the market.
In a move that could revolutionise the world of finance, Chainlink also partnered with Intercontinental Exchange Inc. (ICE), the parent company of the New York Stock Exchange. This partnership aims to integrate data on Forex and precious metals from ICE's Consolidated Feed to Chainlink's Data Streams. The integration of six different data points, including Real Gross Domestic Product (GDP) and Personal Consumption Expenditure (PCE), could pave the way for a wide array of blockchain applications, such as automated trading strategies, and increase the composability of tokenized assets.
Chainlink has also joined the xStocks alliance as the official oracle infrastructure, running dedicated data feeds to provide prices and corporate actions like dividends and splits. This partnership has given birth to xStocks on Solana [SOL], the tokenized versions of real-world stocks and ETFs, providing non-U.S. investors exposure to stocks without needing to deal with intermediaries. Trading of these tokenized stocks is 24/7.
On the regulatory front, Chainlink was chosen by the U.S Department of Commerce to bring U.S macroeconomic data from the Bureau of Economic Analysis (BEA) onto the blockchain. This move is expected to foster transparency and efficiency in the financial sector.
In terms of market performance, the weekly chart indicates a bullish market structure for LINK. The Chaikin Money Flow (CMF) reading is +0.08, and the Relative Strength Index (RSI) is above neutral 50, suggesting bullish momentum. However, LINK buyers from the rally in late 2024 might sell their holdings as the price approaches the $30-mark, with the $25 and $29.3-levels serving as key resistances from the rally that have not been broken yet.
Looking ahead, an analyst on X has projected the all-time high of $52.7 as the price target for LINK before the end of 2025. The partnership with Bitwise also indicates a potential launch of a new exchange-traded fund (ETF) for LINK.
Chainlink's recent partnerships with Polymarket, UBS, and DigiFT under the Hong Kong government's Cyberport program aim to enhance prediction market accuracy and speed, as well as to connect traditional asset management to blockchain networks.
As of the latest ranking, Chainlink holds the largest market share in the oracle market with $60.4 billion in Total Value Secured (TVS), representing nearly 62% of the market. The network's continued growth and strategic partnerships suggest a promising future for Chainlink and the broader blockchain industry.
