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02/12 05:20

LINK price slips as Bank of England selects Chainl

#Check In Weekly, Win Prizes Weekly — Join the Fun! #Clawd: Autonomous Wallet & Builder for AI Agents LINK price slips as Bank of England selects Chainlink for its Synchronization Lab Chainlink price continued its downward trend on Tuesday, February 10, continuing a downward trajectory that started in August when it peaked at $27.8. Summary Chainlink price has dropped in the last four consecutive weeks. The Bank of England selected it as a member of its Synchronization Labs. Technical analysis suggests that the $LINK price will continue falling. Chainlink ($LINK) token was trading at $8.60, down by 70% from its highest point in 2025. It is hovering near its lowest level since Aug. 2024. $LINK token retreated even after the Bank of England selected Chainlink as part of the Synchronization Lab, where it will provide decentralization solutions. It joins other major entities like Swift, Quant (QNT), the London Stock Exchange, ClearToken, and Nuvante that will participate in the program. The Synchronization Lab is a new project that will allow synchronization operators to demonstrate how they will interact with the upcoming RT2 synchronization capability. It will build on Project Meridian, which has demonstrated that the synchronization operator concept is technically feasible. You might also like: MSTR stock eyes rebound, Strategy’s Michael Saylor: Bitcoin’s not for sale According to the statement, the Synchronization Lab will also demonstrate synchronization’s flexibility and supporting ecosystem readiness. The Bank of England becomes the next major organization to select Chainlink as its oracle provider. Some of its top partners are companies like UBS, Euroclear, JPMorgan, DTCC, ANZ Bank, and Fidelity. These partnerships have helped boost Chainlink’s revenue over time, which has helped it boost the Strategic $LINK Reserves. Data shows that the network has accumulated 1.9 million tokens worth over $16.2 million. Meanwhile, spot Chainlink ETFs have continue

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