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Chainlink Eyes $100 After S&P Global Collaboration Boosts Investor Optimism
Chainlink partners with S&P Global to bring stablecoin risk assessments on-chain.
Analysts see potential breakout above $21, targeting $37, $55, and eventually $100.
LINK price steadies near $18.60 despite broader crypto market weakness.
The recent collaboration between Chainlink and S&P Global has sparked fresh optimism among investors. The news came as LINK rebounded to $18.60 after touching $18.22 earlier in the session. The partnership allows S&P Global Ratings to publish its Stablecoin Stability Assessments directly on-chain through Chainlink’s DataLink infrastructure. This move opens a new frontier for stablecoin transparency, giving investors a clearer view of market risk within decentralized finance systems.
S&P Global Brings Transparency On-Chain
The collaboration marks a milestone for blockchain-based risk assessment. Through Chainlink, S&P Global will share independent stablecoin evaluations covering credit, market, and custody risk. Over 2,400 financial institutions will gain direct access to these standardized metrics. The first rollout will occur on the Base network, expanding to additional blockchains as adoption grows.
Chuck Mounts, who is the Chief DeFi Officer at S&P Global, said that this is indicative of the company’s commitment that they are prepared to engage with clients in decentralized markets. The stablecoin space now exceeds $300 billion in value, and on-chain risk metrics can help engender trust with institutional investors. Chainlink has already protected $25 trillion in transaction value and supports approximately $100 billion in DeFi assets.
Partnerships with larger international institutions such as Swift, J.P. Morgan, and Mastercard reinforces their growing influence. Analysts see the connection with S&P as a major stride toward widespread institutional adoption. Market expert Ali Martinez believes LINK trades in a good accumulation range, and is poised for upside. He believes a break above $21 can spur rallies toward $37, $55, and potentially $100.
Technical Outlook and Market Sentiment
For all intents and purposes, LINK has remained in a long-term symmetrical triangle pattern since 2022. Support at roughly $15 has been solid, while resistance near $21 has made bulls cagey. A break out of that range would signal a potential major uptrend to the upside. Despite the positive news, LINK fell 5% in the last 24 hours and is down 18% in the last week. Overall weakness in the crypto market, mostly concerning tariffs and profit taking has prevented short term gains.
That said, the S&P announcement gave temporary price support very near to the $18.60 price point indicating renewed buying interest. Institutional investors and DeFi protocols are now able to embed S&P Global’s real-time assessments of stablecoins into their automated systems, allowing for more quality assurance and risk management for lenders and liquidity providers. Anticipated demand from users will allow the service to expand into other networks.
Chainlink’s co-founder Sergey Nazarov also acknowledged that the partnership represents how trusted institutions are utilizing decentralized infrastructure to achieve a higher state of transparency. Alignment with Chainlink’s mission demonstrates the desire to develop meaningful data links between global finance and blockchain networks.