LINK

Chainlink set a new all-time high of $25.51 at 15:30 UTC Saturday, following a sharp rise over the past week. The milestone propelled Chainlink to the seventh spot on top cryptocurrencies by market cap, surpassing Litecoin. LINK, the native token of decentralized oracle provider Chainlink, has been one of the best performing crypto assets of the past year. This success is primarily attributable to the project’s development of smart contracts that connect blockchains to the real world. According to LINK…

Stablecoin provider Paxos has announced its partnership with Chainlink (LINK) to make use of its oracles. This partnership will promote the distribution of its PAX and PAXG tokens in the decentralized finance sector (DeFi). Integration of  Chainlink’s Oracles Will Improve Paxos Stablecoin assets Paxos made this development known in a blog post on its website and revealed further details about the partnership. More specifically, Paxos will be integrating Chainlink’s decentralized price feeds for its tokens. This will enable Paxos smart…

Chainlink is the frontrunner in the emerging niche of decentralized oracle networks. In less than three years since its release, it has become the favorite instrument for linking smart contracts with off-chain, real-world applications. The most popular oracle service has already struck partnerships with some of the world's biggest brands, including Google and Microsoft. Furthermore, its native token, LINK, has surged to become the 5th-largest cryptocurrency by market capitalization. In 2020, DeFi and DApp developers turn to Chainlink whenever they…

There's been a lot of talk surrounding the capabilities and functionality of Chainlink lately. This revolutionary protocol seeks to eliminate many of the most common issues encountered by oracles today. Consequently, Chainlink has the potential to revolutionize the sector. What are Oracles? Oracles are third-party sensors that can trigger smart contracts. Importantly, these sensors do not live on the blockchain. Instead, they function as intermediaries. Specifically, oracles translate off-chain data to smart contracts on the blockchain and back again. For…

Chainlink, an ETH-based blockchain designed to connect smart contracts to external data sources, has seen incredible growth in the recent past.   The network's utility token (LINK) now appears unstoppable after gaining 12.3% against the US dollar in the past 24 hours.  This surge saw the popular altcoin hit an all-time high of $19 before it gained a further 0.95% to trade at $19.175 during press time. Let us examine the various events surrounding LINK in the recent past and what analysts…

Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $369 billion. Bitcoin continues to trade just a little under $12,000 Ethereum equals 2018 and 2019 highs after reaching $438 XRP drops below the $0.28 support but regains 6% towards the weekend Chainlink continues to surge with another impressive 70% increase. Crypto Trends 10th - 16th of August 2020: PERFORMANCE & ANALYSIS The cryptocurrency…

Blockchain technology has brought numerous innovations, one of them being Decentralized Finance (DeFi). DeFi platforms are the next generation of financial primitives to transform "traditional" financial services such as borrowing, trading, lending, payments, and investing. These platforms employ open-source software and composable frameworks, i.e., smart contracts to offer financial services with no border limitations and in a trustless and transparent manner with no intermediaries present.  DeFi was the hottest topic in the blockchain space in 2020. Today, over 200o DeFi platforms…

Since the inception of Bitcoin in 2008, there has been a spike in the hype surrounding cryptocurrencies and blockchain. Though Bitcoin has dominated the market, more cryptocurrencies come into the market daily, with over 20000 digital currencies circulating the crypto world. A new era is in play for safer, sustainable, and profitable solutions for financial and investment spheres. More cryptocurrencies mean more options for multitudes fascinated by this dimension, which proves the typical notion that only big players can trade…

On July 16, 2020, Zeus Capital, a firm that focuses on fund management and independent research, published a paper full of allegations about Chainlink's credentials and infrastructure.  The report titled "The Chainlink Fraud Exposed", describes the token, which is currently in the top 10 by market capitalization, as "the Wirecard of cryptocurrencies". Zeus Capital analyzes all aspects of the LINK project and accuses Chainlink of market manipulation through the classic pump and dump schemes.  Essentially, these are makeshift transactions aimed…