Bitcoin price continues to drop, pushing select altcoins closer to their critical support levels.
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.
COTI’s new Crypto Volatility Index allows traders to profit from highly-volatile cryptocurrency markets.6435
New research from Glassnode indicates the top 1% of Chainlink holders control nearly 81% of the token’s supply.17286
Altcoins are beginning to lose bullish momentum as Bitcoin price struggles to reclaim $40,000.40375
The market capitalization of Chainlink has surpassed Bitcoin Cash, as the DeFi market continues to prosper with TVL exceeding $24 billion.16719
Bitcoin's brief period of consolidation has opened a path for select altcoins to rally higher.33127
Bitcoin’s lower support retest was bought up by bulls, preparing BTC for another push to $40,000.25261
Altcoins have entered a slight correction after Bitcoin's relief rally lost steam and the price dropped below $35,000.47390
Traders are shifting funds into select altcoins as Bitcoin price trades in a sideways range.42673
Bitcoin’s sharp correction may not have broken its uptrend, but several altcoins have signaled that a short-term top could be in place.37465
Traders are buying every dip and pushing Bitcoin price to new highs on a daily basis, triggering many altcoins to follow suit.65158
Warp Finance's hack of $8 million could have been prevented with better oracles, the team says.10891
Bitcoin's slow crawl toward $36,000 has given select altcoins the green light to rally higher.58938
Tracking the hype and price action of several of your favorite cryptocurrencies.12444
As the crypto community grows, several companies stood out to lead the pack in 2020.28774