Chainlink's LINK token is showing signs of a potential breakout, eyeing a new all-time high. This trend is supported by the platform's expansion of use cases and collaborations. Notably, Chainlink has joined forces with Banco, Microsoft, and COMm in the second phase of Brazil’s BRX CBDC pilot project.
The increased adoption rate of Chainlink's technology points to a positive impact on the value of its native token, LINK. This increased usage has allowed LINK to break above a previous price range, sparking hopes of further upward momentum in the market.