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Chainlink Price Skyrockets as DTCC Successfully Completes Groundbreaking Pilot; Bitbot Prepares for Launch in Market

Chainlink’s price surged more than 20% within a 24-hour period, hitting $16.62 by Friday. This increase came as the Depository Trust and Clearing Corporation (DTCC) revealed the successful completion of its Smart NAV pilot. Additionally, Bitbot, an innovative non-custodial crypto trading bot on Telegram, continues to gain traction during its presale.

Chainlink and DTCC collaborated on a pilot for the fund tokenization market, resulting in Chainlink’s native token LINK soaring over 20% in a day. Concurrently, the Bitbot presale is attracting attention as it approaches its final stages.

DTCC reported that its pilot project “Smart NAV” was a success, aiming to deliver funds’ Net Asset Value (NAV) onchain using standardized methods. This initiative involved DTCC’s digital asset capabilities and Chainlink’s cross-chain interoperability protocol (CCIP), with participation from major financial institutions like BNY Mellon, JPMorgan, and State Street.

Following this announcement, Chainlink’s price saw a 20% surge to reach $16.62, accompanied by a 251% increase in trading volume to over $1.2 billion. This positive response reflects the growing institutional interest in tokenization projects leveraging Chainlink’s CCIP.

Bitbot, an AI-powered bot set to launch on Telegram, is gaining momentum, raising over $3.4 million in its presale. With features like MPC wallet technology by Knightsafe and access to institutional-grade trading tools, Bitbot aims to empower retail traders and offer a unique revenue sharing mechanism through its BITBOT token priced at $0.018.

For more details or to participate in the Bitbot presale, visit here.

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