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Chainlink powers $7B in 2026 World Cup bets but LINK token price remains stagnant at $7.94.

Market News
14 Jun 2026
Cointribune
View Source
Neutral
pluang ai news

Chainlink's decentralized oracles support $7 billion in bets across multiple 2026 World Cup prediction platforms, with record daily active addresses. Despite this heavy adoption and critical role in automated betting settlements, the LINK token price has dropped 26% since May, stuck near a 90-day low of around $7.70. This paradox is mainly due to LINK's strong correlation with Bitcoin, which is currently in a risk-off phase, and a lack of market hype or narrative to drive price gains. The situation highlights that utility alone no longer guarantees crypto price appreciation, leaving investors to wait for a rebound or bet against the token's success.

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