Is $15 Next For Chainlink Price After Proof of Reserves Integration?

Chainlink price is gaining traction and is slowly headed toward a potential breakout level. Besides the overall crypto market recovery, Chainlink has been working hard to secure integrations. The latest is one with 21.co which will go a long way to help the company ensure its assets. For Chainlink, each integration is paid for with LINK, creating demand for the token. But can the price reach $15 amid this rapid adoption?

What Next for Chainlink Price after 21.co Integration

On September 23, 21.co, the company behind 21Shares, integrated Chainlink’s Proof of Reserves (PoR) for its Wrapped Bitcoin (21BTC) on the Solana and Ethereum blockchains. For context, 21Shares has $2 billion asset under management (AuM), which means it is not a small company. The integration aims to provide a real-time verification of Bitcoin reserves backing 21BTC.

.@21co__ has integrated Chainlink Proof of Reserve (PoR) on @ethereum & @solana to enhance reserves transparency for 21BTC, its wrapped Bitcoin.

How PoR provides the Ethereum & Solana ecosystems with assurances that 21BTC is fully backed 1:1 by BTC👇https://t.co/kUqFTlofcJ pic.twitter.com/SD6UdG4ABV

— Chainlink (@chainlink) September 23, 2024

The Chainlink PoR brings reserve data on-chain, enabling protocols to build automated logic around the data backing the asset. This improves security by preventing malicious infinite mint attacks.

Link price has increased by 0.7% in the last 24 hours and is trading at $11.51. 

LINK Price Analysis: Volume Confirms 22% Breakout Imminent

Chainlink price has recently broken above a trend line but shows signs of instability, with fluctuations around this line. The relevance of the trend line is being questioned due to these movements.

The inverse double-bottom formation on the chart is bullish, with a clearly defined neckline at around $12.35

Key Support and Resistance Levels

• $11: immediate support lies around $11 (neckline of the inverse head-and-shoulders pattern).
• $10: The next strong lower support zone is around.
• $15: Major resistance is at $15, where the price might face heavy selling pressure, aligning with the top of the projected breakout target.

If the Chainlink price breaks above $12.35, it could surge to $15, indicating a strong bullish trend that could potentially reach $19.50. However, it requires a sustained movement above $12.35.

Volume has been increasing slightly as the price approaches the neckline, which is an early indication that a breakout could be imminent if the buying pressure continues to rise.

Chainlink price prediction shows that if the asset movement fails to break above $12.35, it could lead to further declines to $9 and even $8. Additionally, Chainlink continues to top the chart among projects with the highest development activity. The integration of of 21.co is just another addition to the over 1,000 integration the Oracle service provider has offered on its platform. The LINK price could surge not just to $15, but 10–15X, and it would still remain undervalued, given the immense capability of the technology.

Frequently Asked Questions (FAQs)

1. What is driving the recent surge in Chainlink price?

The recent surge in Chainlink's price is primarily driven by its integration with 21.co’s Proof of Reserve (PoR) system, which is expected to create more demand for the LINK token as it continues to secure integrations.

2. What is Chainlink’s Proof of Reserve (PoR) and why is it important?

Chainlink’s Proof of Reserve (PoR) is a mechanism that provides real-time verification of reserves, such as Bitcoin, backing certain assets. It ensures transparency and security, preventing malicious attacks and ensuring that assets are properly backed.

3. Can Chainlink price reach $15 and beyond?

Chainlink price could reach $15 and possibly beyond, depending on sustained market momentum and continued adoption of its technology. Some analysts suggest that due to its capabilities, LINK could even achieve a 10–15X increase in value over time.

✓ Share:

• TAGS
• Chainlink

• Trending
• Price Analysis

• SEC’s Paul Atkins Pushes for On-Chain Capital Raising Without Uncertainty
• SEC Delays Decision On Staking For BlackRock’s Ethereum ETF
• SEC Delays Decision on Franklin Templeton’s Solana and XRP ETFs
• BNB Hits New ATH As Binance Partners With $1.6T Franklin Templeton
• Crypto Market, S&P 500 Rally as PPI Data Fuels Rate Cut Hopes

• Pump Price Forecast as $12M Buyback Fuels Scarcity — Is $0.01 in Sight?
• SUI Price Prediction as Mysten Labs Meets SEC Ahead of ETF Decision—Is $7.5 Next?
• Can Dogecoin Price Hit $1 as Derivative Volume Jumps Ahead of DOGE ETF Launch
• Bitcoin Price Prediction Eyes $150K as Trump Calls for Aggressive 100 BPS Rate Cut
• Solana Price Prediction: Can Nasdaq Listing and $94M Holdings Propel SOL Toward $400?

Best Crypto Presales To Invest In September 2025 – Top Upcoming Presale Tokens

Best Crypto AI Trading Bots In 2025

Top Meme Coins To Buy In September 2025

Evans Karanja

Evans Karanja is a crypto analyst and journalist with a deep focus on blockchain technology, cryptocurrency, and the video gaming industry. His extensive experience includes collaborating with various startups to deliver insightful and high-quality analyses that resonate with their target audiences. As an avid crypto trader and investor, Evans is passionate about the transformative potential of blockchain across diverse sectors. Outside of his professional pursuits, he enjoys playing video games and exploring scenic waterfalls.

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.