Chainlink is making strides in merging traditional finance (TradFi) with decentralized finance (DeFi), potentially leading to long-term gains for its native token, LINK. The recent SmartCon 2024 event in Hong Kong featured discussions on Chainlink’s role in integrating these financial sectors.
Experts at the event, including Zach Rynes, emphasized Chainlink's ongoing efforts and future prospects. The key question remains whether LINK can overcome the critical $15 resistance barrier that has been a significant hurdle in its price trajectory.
The integration and development by Chainlink in connecting TradFi with DeFi continue to bolster its market position. However, while progress is steady, market participants are closely watching LINK’s price movement and its ability to breach the $15 mark.
