- Table of Content
- Chainlink Live on Hedera mainnet
- About Hedera Mainnet Journey with Chainlink
- Review on HBAR Price
- Final Thought
Chainlink Live on Hedera mainnet
First and foremost, Hedera has officially joined Chainlink’s Cross-Chain Interoperability Protocol (CCIP) on its Mainnet today. On April 8, Hedera announced that it would integrate with 46 other blockchain networks. This aims to enable dApps that work across multiple blockchains. Undoubtedly, with this new development, developers can gladly take advantage of complete cross-chain features and new ultimate tools (e.g., the Cross-Chain Token standard).
Next: About Hedera Mainnet Journey with Chainlink
Furthermore, its Mainnet is where applications are run in production, with transaction fees paid with its native token (HBAR). The journey of its partnership with Chainlink all began last year when the HBAR Foundation joined Chainlink’s SCALE program. The move brought Chainlink’s price feeds and proof-of-reserve services into Hedera. With Chainlink’s feature present on the Hedera Mainnet, developers will enjoy unlimited data security as Oracle technology powers Chainlink.
Oracle technology ensures the safety and security of communications that happen between blockchains. Additionally, Oracle secures over $20 trillion in on-chain value, with further support for well-known decentralized finance platforms like Lido DAO (LDO) and Aave (AAVE).
Review of HBAR Price
Its native token(HBAR) price has been in a bullish falling wedge formation for some time now, with a potential breakout. Currently trading at $0.1536 (real-time), with a market capitalization of $6.4 billion. Indeed, there is a correction in price compared to 2024, when it increased 367% in Q4 to a high of $0.27 Chainlink’s Cross-Chain Interoperability Protocol (CCIP) integration with it introduces technical backing primarily for the fundamental setup. Once Hedera crypto surpasses its current resistance levels, it is prone to experience a strong breakout. Undoubtedly, the move can probably push the HBAR price toward its next target of $0.30.
Final Thought
Its new move will indeed boost its trading value as it will attract a lot of enthusiasts. Developers will also take advantage of the Cross-Chain Token standard tool. This indeed is a definition of persistence and dedication to providing standard security of data to the masses. Its native token, $HBAR, is trading swiftly in the cryptocurrency world.
