Chainlink Becomes Standard for Bank Settlements, Market Potential Reaches $30 Trillion
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: Coinmarketcap
- Infrastructure Transformation: Chainlink's CRE (Runtime Environment) has been adopted by UBS and ANZ as the standard for delivery-versus-payment settlements, marking a shift from LINK being seen merely as an 'oracle token' to a crucial component of financial infrastructure, enhancing its significance in blockchain finance.
- Compliance Assurance: The design of CRE allows banks to utilize blockchain without disrupting their existing compliance and risk frameworks, which increases Chainlink's trustworthiness among financial institutions and promotes its application in real asset platforms.
- Massive Market Potential: Altcoin Buzz refers to Chainlink as a 'Value Bridge' with a potential market size of $30 trillion; despite LINK's price hovering around $12.80, the market has yet to fully reflect its future value, indicating investment opportunities.
- Durability Advantage: Chainlink's utility is not tied to a single trend, as the demand for accurate information persists across RWAs, DeFi, and stablecoins, allowing LINK to maintain relative stability amid market fluctuations and showcasing its appeal for long-term investment.
Analyst Views on BAR
Wall Street analysts forecast BAR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BAR is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 48.440
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Current: 48.440
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
