Chainlink is in the spotlight again after striking a major deal with the U.S. Department of Commerce. 

LINK price is up almost 3% today, trading around $24.95, with volume surging more than 85%. Traders are buzzing over what this partnership could mean for LINK’s next move.

The big news is that official government economic data will now be delivered on-chain through Chainlink. That means metrics like GDP and inflation will be made available across multiple blockchains, powered directly by LINK oracles.

It’s a first for the U.S. government and a big step toward making blockchain part of everyday financial infrastructure.

But that’s not the only catalyst. On August 27, Bitwise filed for the first-ever Chainlink ETF, giving institutions a potential new way to get exposure to LINK. 

The news triggered a quick 5% pop in price, and traders see it as another sign that LINK is moving closer to the mainstream. 

At the same time, whales have been active, pulling more than 2 million LINK off exchanges in the past two days. That kind of accumulation often points to confidence in higher prices ahead.

For Chainlink, this partnership goes beyond hype. By hosting U.S. government economic releases on-chain, LINK gains a level of legitimacy few crypto projects can claim. 

It opens the door to new use cases, from real-time trading strategies to more transparent DeFi platforms, and strengthens Chainlink’s image as more than just an oracle.

The market clearly noticed. LINK price briefly spiked above $26 on the news before cooling back near $25, and social sentiment across X has turned overwhelmingly bullish.

#Chainlink partners with the U.S. Department of Commerce to bring U.S. government macroeconomic data from the Bureau of Economic Analysis (BEA) to blockchain. pic.twitter.com/gAyk3etCZy

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GROK AI weighed in on the potential impact, calling the partnership a milestone that cements Chainlink as part of “national financial infrastructure.” Based on past reactions to big LINK announcements, GROK mapped out three scenarios.

Best case would be if adoption accelerates and ETF momentum builds, LINK price could pop up to the $30–$50 range in short order and even move toward $100+ in the next few months. 

In a neutral case, LINK bounces between $25 and $28 in the immediate future with potential to grind higher into the $30s. Worst case is that LINK  falls back toward $22 if hype fades or the broader market becomes cool.

For now, the key level to watch is $28. Breaking through there could set LINK price up for a run at $35, especially if whales keep accumulating. If sellers step in, the token has strong support around $22.

Either way, Chainlink’s partnership with the U.S. government has already shifted the conversation. LINK isn’t just powering DeFi apps anymore, it’s now carrying official U.S. economic data on-chain. And that’s a development traders aren’t ignoring.

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The post Chainlink Price Prediction: Will LINK Rally as U.S. Government Data Goes On-Chain? appeared first on CaptainAltcoin.

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