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Research firm K33 Research said in a report on Wednesday that the tokenization of real-world assets (RWA) narrative is on the rise in the cryptocurrency space, and Chainlink's native token (LINK) may be the "safest option" for investors seeking to profit from the hype. Analysts advised investors to wait for a lower price to go long, noting that long-term support around $5.70 could go long.
The data shows that LINK recently changed hands at $7.30, well below its all-time high of $53, but is up 32% this year.