ChainLink (Link) Cryptocurrency has risen significantly after announcing a new partnership with credit card provider MasterCard. The two are partnering to allow MasterCard cardholders to purchase cryptocurrency directly through chains. The companies shared the announcement Tuesday morning, showing “a major step forward in mainstream adoption of Web3.” Since its announcement, Link has risen nearly 20%, showing interest in ChainLink’s big move.
At the time of pressing, the assets have risen by 3% over the past week after a short slide in mid-June. Link’s trading volume will drop to $39,712 million as trading starts to slow down. This means investors are waiting for points when ChainLink prices rise or fall. The cryptocurrency is currently at $13 and it has regained its mark after a stint of around $12.
As cryptocurrency adoption continues to grow, collaborations like MasterCard and ChainLink will help drive a new wave of users that bridge the gap between cryptographic technology and real-world ease of use. Therefore, assets like ChainLink are promising for crypto investments. Institutional interest in cryptocurrencies is at the highest ever, blockchain technology has grown in popularity and leaked into crypto hype. Additionally, rising links and other crypto assets are expected to continue moving towards July, revealing the big months ahead.
Chain links are also moving on the whale front, with large crypto holders moving around link holdings. Last weekend, unlocking one token lock led to Binance’s 1775 million links worth $149 million, further driving a surge in travel. The timing of these whales’ movements coincided with the wider market sale, bringing crypto liquidation to $458 million. The whale’s movement usually suggests bullish optimism about crypto assets. As a result, investors hope that Link is bottoming out and preparing for a sharp breakout.
The ChainLink link is pushed higher after breaking out of the formation of the large triangle and regaining its main support zone near 12.64. Breakouts involve increased bullish momentum and continued signal. As a result, its prices are currently heading towards the target zone between 14.20 and 14.50.
