Can Chainlink Price Reach $30 in May as SEC Chair Paul Atkins Backs Tokenization?
By: bitcoin ethereum news|2025/05/14 03:00:13
0
Share
Chainlink (LINK) is at a pivotal point amid a boom in demand for securities tokenization, which will only increase after the SEC Chair Paul Atkins released a statement saying this industry could help achieve President Trump’s dream for the US to become the “crypto capital.” Atkin’s statement has bolstered a bullish sentiment around Chainlink price, as traders speculate on whether it could finally reach $30. At press time, LINK price trades at $16.58 after recording a 4% drop in 24 hours, as the crypto market dropped today, May 13, due to a drastic surge in long liquidations. Chainlink Price Targets $30 as Bullish Pattern Emerges Chainlink price may be on the verge of a massive upward move after an inverse head and shoulders pattern appeared on the one-day chart, which is an indication that an uptrend is looming that may push LINK to as high as $30 in the near term. This pattern has an upward sloping resistance, and after breaking above this level, Chainlink is now testing it as support, and if it holds, it may spark a 45% price increase to $23. If bulls maintain control at this price, the token could surge past $30 in May and reach 2025 highs. The ADX line is tipping north, and this is an indication that the upward trend depicted by this bullish pattern will likely continue, which also makes a bullish case for the Chainlink price. The above technical outlook highlighting a bullish Chainlink price forecast will be invalid if LINK price fails to defend the critical support level at $16 and instead dips to $10. SEC’s Paul Atkins Backs Tokenization – Bullish for LINK? The current chair of the SEC, Paul Atkins, has backed the concept of asset and securities tokenization in his recent remarks during the recent roundtable event. This move could bode well for Chainlink price, which is currently the largest Real World Asset (RWA) token by market cap. As Coingape reported, Atkins vows to make the US a crypto capital of the world, and one of the ways to achieve this is via tokenization. He said, “For the United States to be the ‘crypto capital of the planet, ‘ envisioned by President Trump, the Commission must keep pace with innovation and consider whether regulatory changes are needed to accommodate on-chain securities and other crypto assets.” Atkins’ recent statement comes on the back of significant growth among RWA tokens, which have surpassed $61 billion in market cap. In the last month alone, the RWA market cap has increased from $47 billion to $61 billion. Therefore, considering the buzz around asset tokenization and the recent growth in the RWA token market cap, Chainlink price may reach $30 in the near term. This rally may be fuelled by the strong technical outlook depicted on the daily chart as well as the recent statement shared by SEC Chair Paul Atkins. Frequently Asked Questions (FAQs) Chainlink price can reach $30 in May after forming an inverse head and shoulders pattern. Moreover, the recent statement by the SEC Chair backing asset tokenization may support the uptrend. Paul Atkins’ statement endorsing asset tokenization will have a bullish impact on LINK price and may support a surge past $30. Chainlink price is dropping today because of a pullback across the broader crypto market that has spiked a surge in sell-side pressure. ✓ Share: muthoni Muthoni Mary is a seasoned crypto market analyst and writer with over three years of experience dissecting blockchain trends, price movements, and market dynamics. With a sharp eye for technical analysis and an in-depth understanding of on-chain metrics, she delivers insightful, data-driven content that helps investors navigate the fast-paced world of digital assets. Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss. Source: https://coingape.com/markets/can-chainlink-price-reach-30-in-may-as-sec-chair-paul-atkins-backs-tokenization/
You may also like

Morning Report | DeepSeek completes over $7 billion in financing, with a valuation exceeding $50 billion; Musk's personal wealth has surpassed the total market value of Bitcoin
Overview of Important Market Events on June 16

Cursor, why did you get on Musk's spaceship?
SpaceX set a record with its IPO, spending a staggering $60 billion to acquire the popular AI programming unicorn Cursor just four days later. Musk is using the ultimate puzzle of "super computing power + top coding engine" to propel the market value skyrocketing, surpassing Amazon in one fell swoop...

In the name of charity, for the benefit of the family: How the Trump family turned charity into profit?
This set of "beautiful rhetoric and value return to one's own people" has not stopped at charitable foundations; it has now almost been transferred intact to American Bitcoin.

Will Gold Break $4,500 After Tonight's Fed Decision? What XAUT and PAXG Traders Need to Know
The Federal Reserve announces its June rate decision tonight. Could gold break $4,500 next? Explore the latest gold price prediction, key Fed scenarios, and what they mean for XAUT and PAXG traders.

SharpLink CEO: How to understand that Ethereum developers have just surpassed 1 million?
The most important question in the cryptocurrency industry is not which chain is the fastest, but rather where top builders choose to build in the long term. Ethereum has just surpassed one million cumulative developers; what does this number mean?

Morning Report | MiCA grace period expires on July 1; Kalshi's trading volume in the first week of the World Cup breaks $5.1 billion, setting a record
Overview of Important Market Events on June 15

The foundation of SpaceX's trillion-dollar valuation: Who is dividing Musk's annual capital expenditure of tens of billions?
SpaceX Supply Chain Revealed: The Invisible Gold Mine Behind the Trillion-Dollar "Space Dream," from Nvidia's Computing Power Monopoly to China's Sole Supplier of Special Materials, these overlooked water-selling talents are the true wealth creation engine.

How to exit after asset tokenization?
Currently, three models have emerged, aimed at providing instant exit routes for tokenized real-world assets. Their differences lie in: who holds the funds required for exit, how efficiently the funds operate, and the extent to which this model can be scaled across different asset types.

The stablecoin positioning battle escalates: When compliance is just a ticket to entry, will USD1 become the biggest winner?
How does the GENIUS Act reshape the stablecoin landscape?

A16Z: The sun bears witness, SpaceX is worth 7.5 trillion
A deep analysis of Musk's ultimate grand vision: how SpaceX, xAI, and Tesla are deeply intertwined, using space AI data centers and Starships to gradually turn the sci-fi fantasies of Mars colonization and multi-planetary civilization into reality.

Mergers and acquisitions in the cryptocurrency market are exceptionally active
Behind the rise in mergers and acquisitions is a sluggish financing market, declining project valuations, and increased pressure for startup teams to exit. However, it also indicates that the cryptocurrency industry has not lost its capital vitality, but is completing resource reorganization in anot...

Concerns Behind the Binance Customer Service Controversy
As the user base expands to the scale of Binance today, relying on the personal efforts of the founder and a few employees to fill process gaps has become an unsustainable arrangement.

SpaceX Stock Prediction After the IPO: Can SPCX Reach $200 Before QQQ Inclusion?
SpaceX stock has become one of the hottest trades of 2026. Can SPCX reach $200 before QQQ inclusion? Discover the latest SpaceX stock prediction, analyst targets, Bitcoin exposure, and the key catalysts that could move SpaceX stock after its historic IPO.

Congratulations to Carl Moon on His Historic Ferrari Challenge Le Mans Podium Triumph
Crypto influencer and racing enthusiast Carl Moon finished third in the Ferrari Challenge Le Mans Coppa Shell class, marking his best result of the year. As his racing partner and sponsor, WEEX celebrates this remarkable achievement and continues to lead crypto’s journey beyond boundaries, uniting the innovation of digital assets with the passion of motorsport.

Can the CLARITY Act Become Law by July 4? Everything You Need to Know About the Final Battle
The CLARITY Act has cleared a major Senate hurdle, but the hardest battle is still ahead. With the July 4 deadline approaching, can the White House finally pass its biggest crypto regulation bill? Find the clues in our exclusive analysis below.

France vs Senegal World Cup 2026: Mbappe’s New Era Begins Against a Historic Rival
France vs Senegal World Cup 2026 preview: Can Mbappe lead France past Senegal after the shocking 2002 World Cup defeat? Full team news, predicted lineups, key battles, and WEEX's exclusive match prediction.

What is the connection between Huang Zheng of Pinduoduo and blockchain?
From Pinduoduo's "reverse insurance" to blockchain's smart contracts, this article explains how Huang Zheng's underlying logic uses "certainty" rules to reshape the flow of wealth for ordinary people.

Morning Report | Prediction market platforms like Kalshi and Polymarket jointly sue Kentucky over 14.25% trading tax; Bridgewater founder discusses decision-making in the AI era: principled thinking should run parallel to AI, human insight remains irre...
Overview of Important Market Events on June 15
Morning Report | DeepSeek completes over $7 billion in financing, with a valuation exceeding $50 billion; Musk's personal wealth has surpassed the total market value of Bitcoin
Overview of Important Market Events on June 16
Cursor, why did you get on Musk's spaceship?
SpaceX set a record with its IPO, spending a staggering $60 billion to acquire the popular AI programming unicorn Cursor just four days later. Musk is using the ultimate puzzle of "super computing power + top coding engine" to propel the market value skyrocketing, surpassing Amazon in one fell swoop...
In the name of charity, for the benefit of the family: How the Trump family turned charity into profit?
This set of "beautiful rhetoric and value return to one's own people" has not stopped at charitable foundations; it has now almost been transferred intact to American Bitcoin.
Will Gold Break $4,500 After Tonight's Fed Decision? What XAUT and PAXG Traders Need to Know
The Federal Reserve announces its June rate decision tonight. Could gold break $4,500 next? Explore the latest gold price prediction, key Fed scenarios, and what they mean for XAUT and PAXG traders.
SharpLink CEO: How to understand that Ethereum developers have just surpassed 1 million?
The most important question in the cryptocurrency industry is not which chain is the fastest, but rather where top builders choose to build in the long term. Ethereum has just surpassed one million cumulative developers; what does this number mean?
Morning Report | MiCA grace period expires on July 1; Kalshi's trading volume in the first week of the World Cup breaks $5.1 billion, setting a record
Overview of Important Market Events on June 15
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com

