Facts:
- Bitcoin remains over 25% above its last all-time high (ATH), while the total market capitalization of other cryptocurrency projects is still 22% below its historical ATH.
- The rotation of capital into other projects is already noticeable, and in recent days we have observed stronger growth, particularly in Ethereum.
- Investors are expecting cryptocurrency market regulations in 2025 in the USA, as well as integration into the financial system. One project already collaborating on many levels in this sector is Chainlink.
- Chainlink Labs is one of the leading projects providing essential infrastructure for tokenizing financial assets. Currently, the company is collaborating with the largest banks to assist in integrating such solutions.
Recommendation:
Long position at market price
- TP1: 22.00
- TP2: 29.00
- SL: 12.00
Opinion:
Over the past few days, we have observed a rotation of capital into other blockchain sector projects, currently focusing mainly on Layer 1 (L1) projects and those offering financial solutions. Chainlink also specializes in this niche. Moreover, this sector has long been supported by the world’s largest asset management fund, BlackRock, and its CEO, Larry Fink. This year, BlackRock announced its first investments in this sector.
Chainlink has a stable and long-standing history of collaboration with key companies in the payments sector, including SWIFT. With the recent increases in the cryptocurrency market, capital may again begin to flow into smaller projects, as has occurred during previous cycles. For this reason, we recommend taking a long position at the market price while simultaneously setting a stop loss to minimize the risk of loss.
_28fac09efc.png)
Source: xStation 5
