Chainlink price analysis: Despite cooperation with Polymarket, holdings remain below $2 billion
Source: CoinWorld
Time: 2025-09-16 17:54:46
Chainlink (LINK) soared to $25 on September 13, a weekly increase of 15%, after Polymarket adopted Chainlink oracle to settle the forecast market on Polygon in real time. This integration enables secure and automated solutions to cryptocurrency price betting and subjective issues, reducing reliance on social voting. Chainlink co-founder Sergey Nazarov stressed that the upgrade is a milestone in the reliable forecasting market. Despite a 7.3% increase in trading volume, open contracts fell slightly to $1.7 billion, indicating profit-taking. Technical indicators show a golden cross at $24 with an RSI of 65 indicating that if the $25 price remains the same, it may rise to $28.