{"id":53996,"date":"2025-06-10T17:12:54","date_gmt":"2025-06-10T17:12:54","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/link-price-analysis-as-hong-kong-taps-chainlink-for-cbdc-pilot-project\/"},"modified":"2025-06-10T17:12:54","modified_gmt":"2025-06-10T17:12:54","slug":"link-price-analysis-as-hong-kong-taps-chainlink-for-cbdc-pilot-project","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/link-price-analysis-as-hong-kong-taps-chainlink-for-cbdc-pilot-project\/","title":{"rendered":"LINK price analysis as Hong Kong taps Chainlink for CBDC pilot project"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/06\/LINK-price-analysis-as-Hong-Kong-taps-Chainlink-for-CBDC-pilot-project-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/06\/LINK-price-analysis-as-Hong-Kong-taps-Chainlink-for-CBDC-pilot-project-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/06\/LINK-price-analysis-as-Hong-Kong-taps-Chainlink-for-CBDC-pilot-project-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/06\/LINK-price-analysis-as-Hong-Kong-taps-Chainlink-for-CBDC-pilot-project-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>Chainlink enables CBDC-stablecoin swap in HK pilot.<\/li>\n<li>LINK breaks $15 as volatility drops and momentum builds.<\/li>\n<li>Rising LINK derivatives signal strong bullish positioning.<\/li>\n<\/ul>\n<p><a href=\"https:\/\/coinjournal.net\/chainlink\/what-is-chainlink\/\">Chainlink (LINK)<\/a> has captured fresh investor interest after Chainlink\u2019s CCIP successfully enabled a Hong Kong CBDC and an Australian dollar stablecoin swap.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">We\u2019re excited to share that Chainlink is facilitating the secure exchange of a Hong Kong CBDC and an Australian dollar stablecoin as part of an ongoing use case in Phase 2 of the e-HKD+ Pilot Program.<\/p>\n<p>Congratulations to participants <a href=\"https:\/\/twitter.com\/Visa?ref_src=twsrc%5Etfw\">@Visa<\/a>, ANZ, China AMC, and Fidelity\u2026 <a href=\"https:\/\/t.co\/ts2C6Vt4Ul\">pic.twitter.com\/ts2C6Vt4Ul<\/a><\/p>\n<p>\u2014 Chainlink (@chainlink) <a href=\"https:\/\/twitter.com\/chainlink\/status\/1932045935221121394?ref_src=twsrc%5Etfw\">June 9, 2025<\/a><\/p>\n<\/blockquote>\n<p>Following the announcement, LINK rebounded from a key support level and surged past $15.00, buoyed by both technical strength and growing real-world adoption of Chainlink\u2019s CCIP.<\/p>\n<p>Notably, Chainlink\u2019s role in enabling cross-border payments has reignited optimism about the long-term value proposition of its native token, LINK.<\/p>\n<h2>LINK price edges higher as volatility tightens and momentum builds<\/h2>\n<p>LINK is currently trading near $15.08 after posting a 9.1% gain over the past 24 hours, outperforming both Bitcoin (BTC) and Ethereum (ETH) in relative terms.<\/p>\n<p>LINK\u2019s current surge comes on the back of a strong rebound from the $12.64 support level, where bulls defended aggressively following weeks of downward consolidation.<\/p>\n<p>A clear V-shaped recovery has now emerged on the daily chart, with LINK pushing through the $14.10 resistance cluster and approaching the next critical zone between $14.49 and $15.22.<\/p>\n<p>In addition, technical indicators reveal a tightening volatility regime, with 30-day volatility dropping to 60.80% from a recent peak of 81.11%, suggesting an impending breakout.<\/p>\n<p>Rising derivatives volume \u2014 up 28.25% to $621.23 million \u2014 and a 3.02% increase in Open Interest to $587.42 million show that traders are positioning for a continuation move.<\/p>\n<p>Despite an increase of 36,286 LINK on exchanges, likely indicating strategic positioning, momentum remains bullish as cascading short liquidations may fuel further upside.<\/p>\n<p>Overall, the broader market structure remains intact as long as LINK holds above $12.64, with sentiment continuing to turn positive among both retail and institutional investors.<\/p>\n<p>With liquidation heatmaps showing dense short positions between $14.10 and $14.49, a decisive break above $15.22 could trigger a squeeze toward the $16.00 level.<\/p>\n<p><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" data-source=\"CoinJournal\" class=\"alignnone size-full wp-image-313902\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/06\/LINK-chart-price.png\" alt=\"LINK chart price\" width=\"1341\" height=\"807\"\/><\/p>\n<h2>Chainlink\u2019s use in Hong Kong\u2019s CBDC is fueling the bullish momentum<\/h2>\n<p>The Hong Kong Monetary Authority (HKMA), in collaboration with major financial players including Visa, ANZ, Fidelity International, and ChinaAMC, selected Chainlink\u2019s Cross-Chain Interoperability Protocol (CCIP) to enable cross-border digital asset settlement in its CBDC pilot project.<\/p>\n<p>Notably, the successful test that saw an Australian investor use the A$DC stablecoin, collateralised in AUD and issued on Ethereum, purchase a tokenised fund from a Hong Kong-based asset manager has elevated Chainlink\u2019s profile in the global financial infrastructure narrative.<\/p>\n<p>In the pilot, Chainlink\u2019s CCIP bridged ANZ\u2019s private DASchain with Ethereum\u2019s public Sepolia testnet, enabling atomic swaps between the A$DC and Hong Kong\u2019s CBDC, e-HKD, without intermediaries.<\/p>\n<p>The test demonstrated how CCIP can enable seamless interaction between permissioned and permissionless blockchains in regulated environments.<\/p>\n<p>The test also utilised ERC-20 wrapped e-HKD tokens to complete the settlement, with Chainlink\u2019s infrastructure ensuring Payment-versus-Payment (PvP) mechanisms and compliance integrity across both chains.<\/p>\n<p>The e-HKD+ pilot program, now in Phase 2, is expected to continue exploring use cases for tokenisation and programmable settlement throughout 2025, with results likely to impact CBDC development trajectories.<\/p>\n<p>Although LINK tokens were not directly used in the transaction, the market has responded to Chainlink\u2019s expanding real-world utility and relevance in institutional finance.<\/p>\n<div class=\"ad-banner  container  pt-1\" data-partner=\"bitcoinpepe\">\n        <a href=\"https:\/\/bitcoinpepe.co\/en?utm_source=coinjournal&amp;utm_medium=banner&amp;utm_campaign=header\" target=\"_blank\" rel=\"nofollow sponsored noopener\"><br \/>\n            <img src=\"https:\/\/coinjournal.net\/wp-content\/themes\/c1-base\/dist\/img\/ad\/blockovate\/en-3.png\"\/><br \/>\n        <\/a>\n    <\/div>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/link-price-analysis-as-hong-kong-taps-chainlink-for-cbdc-pilot-project\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Chainlink enables CBDC-stablecoin swap in HK pilot. LINK breaks $15 as volatility drops and momentum builds. Rising LINK derivatives signal strong bullish positioning. Chainlink (LINK) has captured fresh investor interest after Chainlink\u2019s CCIP successfully enabled a Hong Kong CBDC and an [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":53997,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/53996"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=53996"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/53996\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/53997"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=53996"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=53996"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=53996"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}