In a recent tweet by ChainlinkGod.eth, the community ambassador for Chainlink, the blockchain network outlined its major product updates for the fourth quarter of 2023.
Chainlink successfully launched CCIP, Data Streams, and Functions, emphasizing its comprehensive platform approach. These additions play a pivotal role in covering various aspects such as data management and interoperability across different blockchains.
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Chainlink prioritizes the scaling of CCIP adoption in capital markets and RWAs (real-world assets). Additionally, the goal is to expand support for additional chains and tokens, build a robust blockchain abstraction layer, transition traditional finance (TradFi) proofs of concept into production, and ultimately open up to general availability (GA).
Chainlink aims to enhance its Data Streams functionality, focusing on fostering a low-latency decentralized finance (DeFi) ecosystem. This involves encouraging perpetual (perps) adoption, facilitating the smooth transition of users from testnet to mainnet, expanding support to more blockchain networks, and introducing a basic or premium tiered on-chain billing system.
The third priority involves strengthening the overall Chainlink platform. In addition, this includes improving the composability between the 7+ services offered, simplifying the developer experience (DevEx), and establishing unified billing mechanisms across various services.
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Will LINK hit $25 soon?
Cryptocurrency experts at Changelly have given their price predictions for Chainlink. According to the analysts, LINK is forecast to reach a minimum of $14.03 and a maximum of $18.97. The average price of LINK is expected to reach $16.50.
However, according to the prediction, LINK is likely to hit $25 in July 2025. LINK has demonstrated notable performance throughout this year, positioning itself as one of the top-performing assets. LINK has surged 136% year-to-date, according to the latest data.