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Grayscale s Digital Large Cap Fund replacing XRP with Chainlink (LINK)

Grayscale’s Digital Large Cap Fund replacing XRP with Chainlink (LINK) April 7, 2021 XRP was replaced due to the legal issues the token is having with Securities and Exchange Commission (SEC). Chainlink has surged by over 1000% for the last year with more interest from retail and institutional traders. Developers of the oracle platform have been launching series of projects to improve scalability. World’s largest investment fund Grayscale announced that it has replaced XRP and added Chainlink (LINK) to its Digital Large Cap Fund (GDLC). Recently, Grayscale announced that it wants to change the GBTC Bitcoin trust into an exchange-traded fund (ETF). As a result, it has decided to completely drop the XRP token after the token’s recent issues with the Securities and Exchange Commission (SEC).

Chainlink Price Prediction: LINK on the brink of 36% retreat as network eyes higher scalability and decentralization

Following Chainlink Price Prediction: LINK on the brink of 36% retreat as network eyes higher scalability and decentralizationCryptos | 3/1/2021 5:20:54 AM GMT Chainlink is getting ready for a massive breakdown amid the formation of a descending triangle. The network is looking forward to the next step in scalability with the launch of Off-Chain Reporting. The IOMAP reveals increased resistance ahead of LINK, which adds weight to the retracement. The MACD supports a bullish outlook suggesting that bulls still have a chance to take control of the trend. Chainlink seems to have found formidable support following the persistent retreat from highs around $36. Buyer congestion at $22 has played a key role in the ongoing recovery. However, with the formation of a descending triangle pattern, LINK is looking forward to a significant breakdown.

Chainlink Price Prediction: LINK on the brink of 36% retreat as network eyes higher scalability and decentralization

Chainlink Price Prediction: LINK on the brink of 36% retreat as network eyes higher scalability and decentralization
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