Chainlink Partners with Abu Dhabi Global Market for Asset Tokenization
Chainlink (LINK) is gaining attention as analysts predict a potential 200% price rally. Key developments include:
- Partnership with Abu Dhabi Global Market (ADGM) to enhance asset tokenization.
- Chainlink's price increased by 12% over the past week, currently at $15.5, with a market cap exceeding $10.12 billion.
- Analyst CW identifies a bullish flag formation and critical support at $12, aiming for a resistance break at $18.
- If successful, LINK could reach up to $44 in the coming months.
- On-chain data shows strong accumulation, with $14.60 as a key support level, indicating buying interest surpassing previous price ranges.
The partnership with ADGM aims to establish a compliant framework for tokenized assets, with ADGM providing regulatory guidance and Chainlink contributing blockchain solutions.
