LINK (Chainlink) rose 14.90% in 24 hours

Gate News Bot news, on July 18th, according to CoinMarketCap, as of the time of writing, LINK (Chainlink) is currently priced at $19.03, rising 14.90% in the last 24 hours, with a high of $19.03 and a low of $14.73. The 24-hour volume reached $1.36 billion. The current market capitalization is approximately $12.901 billion, an increase of $1.672 billion compared to yesterday.

Chainlink is a core infrastructure of blockchain. Chainlink provides critical infrastructure for cross-chain communication, compliance, data, and computation, enabling institutions, DeFi protocols, and on-chain applications to build, operate, and scale a variety of financial products and services. Chainlink has been trusted by global institutions such as Swift, JPMorgan, and Mastercard, as well as leading DeFi protocols like Aave and GMX, supporting trillions of on-chain transactions.

Important recent news about LINK:

1️⃣ The trend of integration between traditional finance and DeFi drives the rise of LINK prices The trend of integration between traditional financial institutions and decentralized finance (DeFi) is accelerating, creating more demand for Chainlink's cross-chain communication and data services. As an important infrastructure connecting traditional finance and the blockchain world, Chainlink's value is recognized by the market, driving the LINK price towards the $18 mark.

2️⃣ SharpLink accumulates a large amount of ETH, demonstrating institutional confidence in the Chainlink ecosystem Blockchain analysis data shows that SharpLink has accumulated 280,706 ETH, surpassing the holdings of the Ethereum Foundation. This large-scale ETH accumulation reflects institutional investors' long-term confidence in the Chainlink ecosystem, indirectly supporting LINK's price performance.

3️⃣ Chainlink's technical advantages assist in cryptocurrency regulatory compliance As the global regulatory framework for cryptocurrencies improves, Chainlink's technological advantages are highlighted in terms of compliance. Its cross-chain communication and data services help cryptocurrency exchanges and DeFi protocols meet regulatory requirements, enhancing the importance of LINK in the cryptocurrency infrastructure.

From a technical perspective, LINK has broken through several important resistance levels, showing a strong upward momentum in the short term. However, considering the recent significant rise, investors should pay attention to the potential risk of a pullback.

This message is not an investment advice, and investors should be aware of market volatility risks.