Chainlink recently saw a record-breaking rebound, closing an intraday rally with more than 30% gains on the day. The recovery kept climbing but has since turned around at the top of a downtrend channel that thus far has been holding. Will the downtrend take the cryptocurrency lower? And what other factors back up any theories…
Chainlink’s native token LINK slipped about 10 percent a day after establishing its all-time high at $8.53. The downside correction, nevertheless, failed to dismiss the prevailing bullish sentiment as LINK rose by more than 10 percent in the last 24 hours. Santiment’s latest research shows that the token may continue its uptrend based on favorable…
The total value locked away in DeFi applications has breached over $11 billion and is still climbing. This record inflow of decentralized finance capital could continue to propel Chainlink’s bullish momentum further. Here’s why this cryptocurrency central to DeFi data could surge higher alongside this rapidly skyrocketing statistic. DeFi Inflows Peak Over Record $11 Billion,…
2019 was the year of Bitcoin, which stole the spotlight from the rest of the crypto industry, including altcoins like Ethereum, Ripple, and Litecoin.However, a small handful of altcoins vastly outperformed Bitcoin, and crushed even the returns that BTC brought investors during its year of bullish price action.The Top Performing Crypto Assets of 2019From trough…
Bitcoin is surging but the rest of the crypto space isn’t following its lead this time around. Instead, many of the DeFi darlings that led the last bullish impulse, have fallen 10% or more in the last 24 hours. What’s going on with the previously parabolic Chainlink, Yearn.Finance, and Binance Coin? Here’s the good, the…
ChainLink (Link) Surging, adds 75.6 percent Google entry and listing at Coinbase significant for Link Oracles are the future, and Google is strategically positioning itself to be a valuable source of verifiable data. By partnering with ChainLink, Link which also got a “Coinbase Effect” boost, is bullish in the long term. At spot rates, the…
The cryptocurrency altcoin known as Chainlink has had a banner year, bringing investors in the project gains of over 1,100% from trough to peak.However, a violent selloff has begun in the asset, with investors taking profit following incredible returns it amassed throughout the year. The price action closely mimics a Wyckoff distribution schematic that suggests…
As a startup, Chainlink solves a significant obstacle that concerns transferring data between blockchains and the real world. The protocol, whose origins date back to September 2014 – a period when half of the world have not even heard about blockchains and Bitcoin, offered a solution that enables independent data sources to feed information into…
The crypto asset known as Chainlink or LINK, has been the talk of the cryptocurrency market for much of 2019. The asset has strongly performed even while other altcoins struggled, and often outperformed Bitcoin at times throughout the year. However, the altcoin’s rally appears to be coming to an abrupt end, and it could end…
ChainLink (LINK), the 17th most valuable cryptocurrency in the market, surpassed the $2.8 level for the first time since November 2019 after a 65 percent rally.With strong partnerships, ChainLink has maintained an active community of users, investors, and developers throughout the past year. It is one of the few cryptocurrencies to be down less than…