Cryptocurrencies Price Prediction: Chainlink, Floki & Binance — Asian Wrap 17 July
|Chainlink stabilizes as Westpac and Imperium Markets adopt LINK in Project Acacia
Chainlink (LINK) price is stabilizing at around $16.47 on Thursday after rallying 5% so far this week. LINK announced on Thursday that major institutions, including Westpac Institutional Bank and Imperium Markets, will integrate Chainlink in Project Acacia, thereby boosting institutional use cases. The technical setup supports the bullish sentiment, with LINK poised to target the $18.81 level if momentum continues.
Top Crypto Gainers: Solana-based meme coins FLOKI, BONK post double-digit gains, CRV targets $1
FLOKI edges lower by nearly 2% at press time on Thursday after bouncing off 30% higher from the 200-day Exponential Moving Average (EMA) on Wednesday. Floki's channel breakout rally gains traction as it reclaims the $0.000100 round figure. The Solana-based meme coin faces opposition at the 61.8% Fibonacci retracement level $0.000142, extrapolated over the pullback from $0.000290 on November 21 to $0.000045 on April 7.
BNB gains 3% following Windtree's plan to launch BNB treasury, H1 report
BNB rose 3% on Wednesday as Windtree Therapeutics (WINT) announced a $200 million securities purchase agreement with Build and Build Corporation to establish a BNB treasury. Meanwhile, BNB Chain revealed it achieved faster transaction settlement and fee reduction in H1, with plans to boost its current throughput by up to 20x by the end of 2025.
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