Bitcoin’s weakness and Dogecoin’s epic pump are signals that the market could be overheating and in need of a short-term correction.
Chainlink is a decentralized oracle network that allows public blockchains and smart contract platforms to bring external, off-chain data sources to on-chain operations with minimal trust in third parties. It is one of the most high-profile projects tackling the oracle problem — the ongoing challenge of bridging real-world data such as market stats, event outcomes and even the weather to blockchain without relying wholly on centralized data providers.
The roots of Chainlink go back to September 2014 with its parent company, SmartContract, which aimed to create a middle-layer infrastructure between blockchains and the real world. Its original solution relied on centralized oracles, which prompted the development of a decentralized alternative with the Chainlink network. In September 2017, Chainlink raised funds through an initial coin offering to the total of $32 million. The mainnet launched on Ethereum in June 2019.
Chainlink’s native token, known as LINK, is used to pay the network’s node operators, or oracles, for providing secure data feeds. Eventually, oracles will be able to stake LINK as collateral to provide data feeds to specific decentralized applications, bringing skin-to-the-game mechanics for added security and certainty.
Price oracles are playing a leading role in driving blockchain adoption.13276
In its new vision, Chainlink would allow anyone to deploy an arbitrary executable on its network.17685
Today's Coinbase (COIN) listing is likely to remain a focal point that will dictate the short-term price action in Bitcoin and altcoins.55283
Altcoins continue to press higher while Bitcoin bulls work on holding the $60,000 level as support.84216
The rally in Bitcoin and select altcoins seems to have hit a wall as bears continue to aggressively push back at key overhead resistance levels.78639
Altcoins retraced to key lower support levels after Bitcoin price dropped below $56,000, but will traders view the dip as a buying opportunity?59804
Bitcoin and most major altcoins have bounced off their immediate support levels, indicating an increase in bullish sentiment.60150
Select altcoins could rally higher if Bitcoin and Ethereum hold on to their recent gains.100544
Polkadot parachains can now choose to add Chainlink price feeds to their runtime.16681
Bitcoin’s recovery from its recent lows and the stellar performance from altcoins signal that bulls are confident BTC will retest its all-time high.72340
Bitcoin’s renewed push above the descending channel trendline suggests bulls are preparing to push BTC and altcoins to new highs.63540
Bitcoin price bounced off the 50-day moving average but the real test is near $57,500 where the bears are likely to push back.56503
Bitcoin price is still meeting strong sell pressure near a key trendline, indicating the possibility of further downside for BTC and altcoins in the coming days.65978
Bitcoin is stuck in a tight range but that has not stopped select altcoins from continuing their journey to new highs.73957