Bitcoin and altcoins might consolidate or correct marginally for a few days before a possible breakout to the upside.
Chainlink is an Ethereum-based platform serves as an intermediate stage between smart contracts and external data. Another word, this is a version of ‘oracle.’ The project was launched by SmartContract company established in 2014. The company cooperates with the interbank data transfer and payment system SWIFT, which covers 11 thousand banks worldwide. The main aim of the project is to optimize and expand the usage of smart contracts and to reduce the possibility of information fault or inaccuracy. Oracle nodes receive real-world data, proceed it through the network and take it to the blockchain. Oracle operators that contribute to the Chainlink harvesting and transmission have a reward in Chainlink ERC-20 tokens. On 1st, June 2019, Chainlink launched its mainnet on Ethereum platform.
Chainlink rival BAND, the native token of Band Protocol, has soared by 65% in one day after Coinbase announced its listing among other factors.12632
If Bitcoin can reclaim the $12,200 level, several altcoins are likely to resume their uptrend.14500
The price of Chainlink has climbed to new heights as LINK continues to be one of the strongest cryptocurrency market performers of 2020.6122
The strong recovery in Bitcoin and altcoins from their weekend lows suggests that the traders are aggressively buying each dip.27045
DeFi-focused oracle platform DIA is using crowd-sourcing to improve the accuracy of price oracles.4669
Bitcoin price corrected sharply after reaching $12,000 but the strong bounce from BTC and altcoins shows bulls are intent on pushing prices higher.25328
Chainlink, one of the best-performing altcoins in 2020, is seeing consistent improvement in cryptocurrency community sentiment and social media presence.13879
Ethereum price looks to make a new 2020 high as Bitcoin bulls fight to hold BTC price above $9,600.27611
Blockfyre co-founder Simon Dedic says that the recent influx of money into the crypto space is evidence that a strong bull market has already begun.10383
CoinMarketCap has withdrawn BNB as the top DeFi token claiming it was a mistake.4861
Binance Smart Chain will integrate Chainlink data oracles to add usability to its blockchain, in particular, in the burgeoning DeFi space.6242
Many altcoins could pick up momentum If Bitcoin and Ethereum break above key resistance levels in the coming days.20106
Seven sponsors have backed the hackathon, which aims to encourage developers to put various blockchain solutions to the test.4350
A subsidiary of $80 billion German behemoth Deutsche Telekom has become a Chainlink node operator and will engage in "generalized mining."7771