According to analysis company Santiment, the price of Bitcoin, the world's largest cryptocurrency in terms of market value, surprisingly rose above 67 thousand dollars today.
In addition to Bitcoin's rise, Chainlink, a decentralized oracle network that provides real-world data to smart contracts on the blockchain, has also been very bullish for over a year. According to Santiment, the FOMO index for LINK remains low, which could help these rallies continue.
According to Santiment data, sentiment for Chainlink has reached its highest level in the last year.
In related news, the Depository Trust and Clearing Corporation (DTCC), the world's largest securities settlement system, has successfully completed a pilot project with Chainlink and several major US financial institutions. The project, called “Smart NAV”, aimed to accelerate the tokenization of funds.
Market participants included American Century Investments, BNY Mellon, Edward Jones, Franklin Templeton, Invesco, JPMorgan, MFS Investment Management, Mid Atlantic Trust, State Street and US Bank.
*This is not investment advice.