- Chainlink’s Q4 update unveils the project’s plan to support virtual tokenization of Real World Assets on the blockchain.
- Chainlink started with an emphasis on meeting the growing demands of DeFi, the protocol is now focused on developing on-chain economies.
- LINK price climbed nearly 2% in the past 24 hours, the altcoin is likely to make a comeback to $16.62 in December.
In its fourth-quarter 2023 update, Chainlink outlined its three priorities for the upcoming year. Chainlink’s plans are the launch of its Cross-Chain Interoperability Protocol (CCIP), the introduction of a new data solution, and the launch of functions for developers on the blockchain.
Chainlink has shifted its focus from boosting cross-chain transaction speed to meeting the demands of projects that plan on virtual tokenization of Real World Assets (RWAs), making them liquid and more accessible for users.
Also read: Chainlink data feeds go live on Polygon zkEVM, MATIC price eyes likely recovery
Chainlink to lend momentum to Real World Asset Tokenization
- Chainlink launched its CCIP technology to secure cross-chain transactions and activity on the blockchain. This was welcomed by banks and financial institutions that engaged Chainlink’s CCIP.
- The blockchain project presented a low-latency data solution, Data Streams, to unlock on-chain derivatives to power dApps. For developers, LINK launched Functions.
- Chainlink’s plan for 2024 is to shift its priority from CCIP technology used by banks and financial institutions to Real World Asset Tokenization.
- RWAs are fungible or non-fungible tokens representing traditional blockchain financial assets.
- LINK plans to aid the RWA revolution, wherein several projects are working on tokenizing assets in the real world and require Chainlink’s technology to power the transition.
- Chainlink’s technology supports DeFi’s value proposition, it boosts security and reliability through its infrastructure.
LINK price eyes recovery
Crypto analyst behind the X handle @Mangyek0 predicts a 9% to 13% bounce in Chainlink price. The analyst is bullish on LINK, predicting an increase past the $15.5 level, as seen in the chart below.
LINK/USDT 4-hour chart
At the time of writing, LINK price is $14.36 on Binance.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks

XRP record gains as SEC acknowledges CoinShares, Canary and WisdomTree's XRP ETF filings
Ripple's XRP saw a 6% uptick above $2.70 in the early Asian session on Thursday following the Securities & Exchange Commission’s (SEC) accelerated acknowledgment of XRP ETF filings.

Aptos Price Forecast: APT and Mereo partnership fuels investors’ optimism as K-Pop fan engagement evolves
Aptos (APT) price extends its gain by 4%, trading around $6.56 on Thursday after breaking above the falling wedge pattern the previous day.

Crypto Today: Litecoin, Binance, and Solana dominate headlines as BTC reclaims $97K
Why is Bitcoin Price Up Today? Bitcoin price rose by 4% in the last 24-hours, briefly reclaiming the $97,000 in the early hours of Thurdday.

Dogecoin, PEPE, Shiba Inu and top meme coins lose $5 billion in open interest as investor sentiment dips
Dogecoin (DOGE), PEPE, Shiba Inu (SHIB) and several top meme coins have shed about $5 billion in open interest (OI) since their initial peak in December, according to Glassnode.

Bitcoin: BTC consolidates before a big move
Bitcoin price has been consolidating between $94,000 and $100,000 for the last ten days. US Bitcoin spot ETF data recorded a total net outflow of $650.80 million until Thursday.

The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.