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Reading: LINK ETF Launch Fails to Boost Chainlink Price Despite Strong Utility and Market Interest
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LINK ETF Launch Fails to Boost Chainlink Price Despite Strong Utility and Market Interest

News Desk
Last updated: April 9, 2026 8:54 pm
News Desk
Published: April 9, 2026
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Bitwise has recently introduced a LINK ETF under the ticker CLNK on NYSE Arca, allowing investment opportunities for individuals’ 401k and IRA accounts. Despite this exciting development, Chainlink’s native token continues to struggle, trading at approximately $8.77, which is an 84% decline from its all-time high. The lack of movement in LINK’s price contrasts sharply with its growing utility, as UBS and JPMorgan engage in live settlement pilots utilizing Chainlink infrastructure, and the Chainlink Cross-Chain Interoperability Protocol (CCIP) processes an impressive $18 billion monthly.

The price prediction community for Chainlink is focusing on the resistance barriers, particularly targeting the $10 to $12 range for 2026. The disappointing performance of LINK following the ETF launch has several analysts puzzled, particularly given that Chainlink generates $75 million in annual fees from its oracle services and secures a staggering $28 trillion in total value locked.

In more optimistic developments, the presale of Pepeto, a new project spearheaded by one of the original cofounders of the Pepe coin, has gained significant traction, amassing over $8 million at a presale price of $0.000000186. This project, which recently confirmed its listing on Binance, promises substantial rewards to early investors. Analysts suggest that Pepeto could yield returns ranging from 100x to 300x once trading commences, especially due to the built-in mechanisms such as staking at an impressive 195% Annual Percentage Yield (APY), drawing tokens out of circulation and fostering scarcity.

Pepeto offers innovative features, including a zero-fee exchange platform, PepetoSwap, which ensures that capital remains intact during trades. Additionally, its cross-chain bridge facilitates token movement across different networks without transaction fees, allowing users to maintain the full value of their holdings. The project’s risk assessment tools have garnered praise for their robust protection against potential fraud, paralleling the real-world benefits that Chainlink’s oracle functionalities offer.

Current forecasts for Chainlink indicate that support lies at $8.50, with critical resistance levels at $9.50 and $10. A breach of the latter could propel LINK toward $11, with targets of $12 to $15 anticipated by late 2026. However, as it stands, the token remains significantly undervalued compared to its utility—a narrative that suggests a prolonged wait may be necessary as the market slowly acknowledges its value.

As investors consider potential opportunities, Pepeto stands out as an attractive prospect in 2026. Its live trading options and a rapidly filling presale are drawing attention from both retail and institutional investors. Meanwhile, Chainlink’s prospects remain uncertain, with its potential hinging on future market conditions and the gradual recognition of utility in its pricing.

In summary, the dichotomy between Chainlink’s robust utility and its underwhelming price performance paints a complex picture, while Pepeto emerges as a compelling alternative for those seeking timely and potentially lucrative investments in the evolving crypto landscape.

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CoinMela News Desk brings you the latest updates, insights, and in-depth coverage from the world of cryptocurrencies, blockchain, and digital finance.
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