Chainlink has forged several collaborations with prominent companies but on the price side of things, its native token has yet to recoup its losses. Over the past month, LINK was down by approximately 14%. Surging past the crucial resistance level at $6 was a feat given a broad bearish market for altcoins this week, but the token could potentially be poised for more gains. According to Santiment, the “shark” tier of LINK investors has been amassing coins. As a result, the...
Read More »Chainlink Touts Proof-of-Reserve as Solution to Crypto Contagion
The crypto contagion has continued this year, with FTX compounding matters this week. This has put the spotlight on transparency, especially for centralized crypto exchanges. Data oracle provider Chainlink has been promoting its proof-of-reserve tools, which could solve the transparency issues currently plaguing the industry. In a tweet on Nov. 11, the Chainlink team asked if crypto will continue to repeat the mistakes of the traditional black-box financial industry. #Crypto...
Read More »Market Watch: LINK and AXS Explode 10%, Bitcoin Maintains $38K
Bitcoin tried to take down $39,000 but was stopped and dropped to its current level of around $38,000. Most altcoins are slightly less fluctuating today, with Ethereum standing at $2,600. Chainlink and Axie Infinity are among the best performers. Bitcoin Stands Still at $38K It was just a few days ago when the primary cryptocurrency dropped two consecutive times to $35,500 after failing to overcome $36,000. However, the bulls stepped up at this point and pushed the asset...
Read More »Weekend Watch: After Volatile Week BTC at $42K, LINK Explodes 13%
After the enhanced fluctuations in the past several days, bitcoin finally calmed around $42,000. The situation with the altcoin is quite similar, except for Chainlink. LINK surged by 13% and trades above $26. Bitcoin Sits Still at $42K It’s safe to say that the past few days didn’t go well for the primary cryptocurrency. On January 5th, it traded at $47,000 after failing to overcome $48,000 despite numerous attempts. This is where the landscape changed rapidly for the worse....
Read More »Crypto Price Analysis & Overview August 6th: Bitcoin, Ethereum, Ripple, Polkadot, & Chainlink
Bitcoin Bitcoin surged 8% today as it reclaims $40K but is just up 2% on the week. Last Friday, Bitcoin was trading inside an ascending price channel as it breached the January 2021 high at $42,000 to reach as high as $42,400 over the weekend. From there, BTC rolled over and broke beneath the ascending price channel on Monday. It then traded downward inside a descending wedge formation – best seen on the 4-hour chart. This wedge saw the price of BTC being driven lower until...
Read More »Grayscale Adds LINK, BAT, and 3 Other Products to Their Trusts
Institutional investors employing the services of Grayscale Investments would have the option to choose from five new product additions. Namely, those are Basic Attention Token (BAT), Chainlink (LINK), Decentraland (MANA), Filecoin (FIL), and Livepeer (LPT). The company’s recently-appointed CEO, Michael Sonnenshein, broke the news on Twitter earlier today. Upon the addition of the five aforementioned coins, the total number of Grayscale Trusts has grown to 14. Sonnenshein explained that...
Read More »Crypto Price Analysis & Overview February 26th: Bitcoin, Ethereum, Ripple, Polkadot, and Chainlink
This week saw a serious correction throughout the entire cryptocurrency market. Bitcoin lost, at one point, about $13,000 of its value as it went through one of the most serious declines since the start of the current bull run. With this said, we take a look at the following cryptocurrencies.BitcoinBitcoin has seen a turbulent week in which the price dropped to the current $48,000 level. The cryptocurrency was trending higher last week to set a new ATH price above $58,000.However, on Sunday,...
Read More »Crypto Price Analysis & Overview February 5th: Bitcoin, Ethereum, Ripple, Cardano, and Chainlink
This week saw nothing but green on the cryptocurrency markets as it seems everything is surging. Ethereum charted a new ATH, as well as many other altcoins, while Bitcoin attempts to reclaim $38K.BitcoinBitcoin saw a 15% price surge this week as the sentiment starts to turn bullish again for the primary cryptocurrency. The coin had been in a consolidation phase since hitting its ATH price at $42,000 last month. Since then, it has pretty much traded sideways within the confines of a descending...
Read More »DeFi Coins Exploding As Total Value Locked Eyes $35 Billion
The decentralized finance field continues expanding in all directions as the total value locked in various projects has tapped $35 billion. At the same time, numerous DeFi tokens have exploded in price in the past 24 hours, including an all-time high for Chainlink and double-digit pumps for Aave, Maker, Synthetix, Compound, and more.Skyrocketing DeFi TokensThe total crypto market cap marked a new all-time high today at over $1.170 trillion, and DeFi coins have attributed the most to these...
Read More »LINK Price Analysis: Chainlink Expects Huge Move Upon Breaking Symmetrical Triangle
LINK/USD: Short Term Symmetrical TriangleKey Support Levels: $22.4, $22, $20.77.Key Resistance Levels: $24, $24.70, $25.65.LINK started the past week following a strong bullish momentum as it surged to a new ATH price of $25.65 on Monday. However, it failed to close a daily candle above resistance at $24.85 and started to head lower from there.By Wednesday, LINK had dropped into the support at $20.77, the previous ATH Price. It rebounded from there and spiked back above $26 but could not...
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