LINK/ Trade Alert

LINK has integrated (a while back) CCIP. CCIP stands for Chainlink Cross-Chain Interoperability Protocol. It is a messaging protocol that allows dApps and web3 entrepreneurs to securely meet all their cross-chain needs, including token transfers and arbitrary messaging.

LINK implemented CCIP on July 20, 2023. This was the date when the CCIP testnet was opened up to all developers. The mainnet early access phase for CCIP on the Avalanche, Ethereum, Optimism, and Polygon blockchains started on August 8, 2023.

CCIP is built on top of Chainlink, a decentralized oracle network that provides tamper-proof inputs and outputs for smart contracts. This means that CCIP can be used to securely transfer tokens between different blockchains, even if those blockchains do not natively support cross-chain communication.

This is huge and upon looking at the LINK price since it had essentially bottomed around May of 2022, the price has literally flatlined. Yes, its been up a couple dollars here and there and back down. It literally just crabs along but its held really strongly. It almost acts as a stable coin but it makes me think that this coming bull market will make LINK absolutely fly. Another thing I noticed while looking at the price of LINK is that it does not spend much time anywhere in the $5 range. Even in the high $5 range it leaves that area fairly quickly.

With that said, I will be slowly dollar cost averaging into this alt. I am going to buy in about 10 minutes after sending this out. I will use less than 1 percent of my capital on the purchase but I will buy small amounts during any pullbacks in the $5 range. It is one of my favorite alts because of what I wrote above and the fact that they have never stopped building since inception.

Toby