Chainlink Makes It to Robinhood’s Crypto Basket as Trading Platform Announce Listing
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According to statistics from CoinGecko, Chainlink rallied by over 5% on account of the listing announcement from Robinhood. The Oracle blockchain cryptocurrency currently holds the number 22 spot in crypto rankings, with a valuation of $2.98 billion.
The LINK listing is Robinhood’s first since April, when it announced listing tokens like Compound (COMP), Polygon (MATIC), Solana (SOL), and Shiba Inu (SHIB). At press time, the online trading platform has 12 crypto tokens listed on its asset basket. They include Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ethereum Classic (ETC), Bitcoin Cash (BCH), Dogecoin (DOGE), Bitcoin SV (BSV), Polygon, Shiba Inu, Compound, and Solana, and Chainlink.
In other news, FTX CEO Sam Bankman-Fried recently announced a 7.6% stake in Robinhood, triggering a +40% spike in the company’s stock in a single day.
Meanwhile, recent speculation making rounds suggest the FTX boss has plans on acquiring Robinhood Markets Inc. However, Bankman-Fried has denied these rumors noting:
“We are excited about Robinhood’s business prospects and potential ways we could partner with them. That being said, there are no active M&A conversations with Robinhood.”
Key Chainlink Levels to Watch — June 29
Chainlink continues to maintain a pass-and-play (choppy) momentum between the $7.3 resistance and $6 base. Currently, bears have initiated a push for the $6 base after a prolonged inability to take the $7.3 mark over the last weekend.
That said, we should expect a bullish rebound anywhere near the $6 mark, back to the $7.3 top, as the choppiness is expected to persist with the crypto winter. In an event of a bearish breakdown below the $6 mark, an extended dip below $5.3 (the broader range) seems significantly unlikely.
Meanwhile, my resistance levels are $7.3, $8.0, and $9.0, and my support levels are $6.0, $4.0, and $3.0.
Total Market Capitalization: $898.3 billion
Chainlink Market Capitalization: $2.97 billion
Chainlink Dominance: 0.33%
Market Rank: #22
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