Amid expectations for the expansion of the real-world asset (RWA) market, Chainlink (LINK) rose. Grayscale identified Chainlink as the core of RWA infrastructure, fueling investor sentiment and optimism about the Ethereum-based oracle network’s future value. LINK rose more than 3%, signaling a potential short-term technical breakout. This was driven by comments from Zach Pandl, Grayscale’s head of research, in a podcast interview.
Pandl described Chainlink as the connective tissue of tokenization, providing trusted real-world data and regulatory-compliant integration crucial for scaling tokenized assets, stablecoins, and DeFi. Grayscale launched the Grayscale Chainlink Trust (GLNK), a spot ETF, with trading set to begin on NYSE Arca from the 30th, marking a milestone for institutional exposure to LINK. The RWA landscape remains nascent, with current estimates around $30–35 billion, a small share of the roughly $300 trillion global equities and bonds market.
But if traditional finance moves on-chain, the RWA market could grow by up to 1,000x, potentially making Chainlink a major beneficiary of capital migration. Technical signals reinforce the bullish view, with LINK breaking above a year-long symmetrical triangle and MACD flashing a golden cross, while RSI momentum builds. The key resistance around $24 must give way to unlock fresh highs, with some projections suggesting a move toward $70, implying roughly 460% upside if realized. Yet analysts caution that broad RWA adoption could take five to ten years, favoring gradual deployment over rapid rallies.
The meme-coin market also offers short-term opportunities, with PepeNode highlighted as a high-risk, high-reward parallel to longer-term LINK exposure. PepeNode uses a Mine-to-Earn model that lets users set up virtual nodes and mining rigs to earn meme-coin rewards, and it burns 70% of total PEPENODE tokens on node and rig purchases to create scarcity, with 10 days left in the presale.
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