|All Time High:|
|Market Cap: |
|The price of #LINK today is $7.69 USD.|
The lowest LINK price for this period was $0, the highest was $7.69, and the exact current price of one LINK crypto coin is $7.69166.
The all-time high LINK coin price was $52.85.
Use our custom price calculator to see the hypothetical price of LINK with market cap of SOL or other crypto coins.
|The code for Chainlink is #LINK. |
Chainlink is 6 years old.
|The current market capitalization for Chainlink is $4,283,099,219.|
Chainlink is ranked #19 out of all coins, by market cap (and other factors).
|There is a very large volume of trading today on #LINK.|
Today's 24-hour trading volume across all exchanges for Chainlink is $304,182,892.
|The circulating supply of LINK is 556,849,970 coins, which is 56% of the maximum coin supply.|
|LINK is well integrated with many pairings with other cryptocurrencies and is listed on at least 153 crypto exchanges.|
View #LINK trading pairs and crypto exchanges that currently support #LINK purchase.
Arbol Hires Jeffrey Khoo to Lead the Company’s Expansion into APAC
Arbol Will Open its APAC Office this Fall Based in Singapore NEW YORK (October 4. 2022) — Arbol Inc. (Arbol), a global climate risk solutions platform, today announced the hiring of Jeffrey Khoo as part of the company’s expansion strategy into APAC. Mr. Khoo will serve as Arbol’s Vice Chairman, APAC. He most recently served as Chief Marketing Officer at ED Broking and before that served as Head of Food and Agriculture Sales, Asia at Swiss Re Corporate Solutions. He brings to Arbol decades of experience across the agriculture and insurance sectors and will help oversee the launch of the company’s APAC operations this fall in Singapore. “Jeffrey is a respected and influential leader in the agricultural space who brings to Arbol decades of invaluable experience in key sectors where we have positioned ourselves as a global leader in parametric climate solutions,” said Sid Jha, Founder and CEO, Arbol. “Arbol is well positioned to fill a gap in the market for customizable, data-driven climate risk solutions and parametric insurance across APAC and we are excited about the potential for working with companies in the region.” “I am excited to join Arbol and help make the company a leader in parametrics and climate risk solutions across APAC,” said Jeffrey Khoo. “APAC needs data-driven, parametric climate risk solutions to help address the sizable coverage gap that exists for climate and weather related event...
Singlife with Aviva Partners with Arbol to Launch First Rainfall Protection Cover for Travelers in…
Singlife with Aviva Partners with Arbol to Launch First Rainfall Protection Cover for Travelers in Singapore - Singlife with Aviva, a homegrown financial services company, has introduced Rainfall Protection cover for travelers, in partnership with Arbol Inc, a global climate risk solutions platform. Singlife is the first insurer in Singapore to offer this innovative parametric insurance product designed to help consumers manage the impact of unexpected weather conditions in an increasingly volatile environment. Singlife will pay up to S$150 to travelers whose single trip plans are disrupted by heavy rainfall. All countries and regions globally are included in the Rainfall Protection coverage, with the exception of certain countries in the Middle East and Africa. Pan Jinglong, Head, General Insurance, Singlife with Aviva, said: “We are pleased to be the first insurer in Singapore offering this innovative Rainfall Protection coverage, which adds another dimension to our comprehensive and award-winning travel insurance portfolio. Singlife has taken a significant step in advancing the next generation of sustainability-centric insurance solutions, leading the way for our industry to prepare our customers for evolving climate conditions during their travels.” This solution is underwritten in collaboration with Arbol. The company leverages cutting-edge technologies such as smart contracts and artificial intelligence underwriting...
Arbol Platform Transacts $100 Million+ in Gross Written Premium in First Half of 2022
Arbol Inc. (Arbol), a global climate risk solutions platform, today announced it transacted $100 million+ in gross written premium (GWP) in the first half of 2022. The 100 million+ transacted through the Arbol platform in 1H of 2022 is greater than all GWP ($70 million) transacted in 2021. Arbol is a global climate risk coverage platform and FinTech company offering full-service solutions for any business looking to analyze, manage and transfer climate risk. Arbol’s products offer parametric coverage which pays out based on objective data triggers rather than subjective assessment of loss. “The traction and scale the Arbol platform continues to see is a testament to the market demand for end-to-end parametric climate risk solutions,” said Sid Jha, Founder and CEO, Arbol. “As volatile weather conditions like record droughts in Texas continue to hurt expected crop yields for agribusinesses and farmers, the need for data-driven and objective financial products like insurance have never been more essential. Parametric coverage, powered by next generation technology and data has the ability to bring both better efficiency and transparency to the weather risk market while chipping away at the sizable global coverage gap for climate disasters.” The premium transacted in the 1H of 2022 came from businesses in the agriculture, energy (traditional and renewable), and reinsurance sectors. Premium sizes booked through Arbol’...
Arbol Forms First Captive Insurance Company Focused on Climate Risk Management
Formation of Climate Risk Insurance Company Enables Arbol to Offer Customized Climate Risk Management Solutions for Corporations. — Arbol, a global climate risk solutions platform, today announced the formation of Climate Risk Insurance Company, the first captive insurance company dedicated to climate risk management. Climate Risk Insurance Company is a Connecticut domiciled sponsored captive focused on helping businesses and corporations manage a range of climate risks, like temperature, rainfall, and catastrophic storms. Arbol is a global climate risk coverage platform and FinTech company offering full-service solutions for any business looking to analyze, manage and transfer climate risk. Arbol’s products offer parametric coverage which pays out based on objective data triggers rather than subjective assessment of loss. Last year, Arbol launched Captive+Parametric, a first of its kind risk management solution for enabling corporations to simply and effectively assess and manage emerging risks like climate and weather using captives. “Arbol provides a full service, end-to-end risk management and transfer solution for managing climate risks using a technology and data driven platform,” said Hong Guo, Chief Insurance Officer, Arbol. “The formation of Climate Risk Insurance Company further extends Arbol’s services towards climate risk retention and management. We are excited about our capability to help corporat...
Arbol Appoints Charlie Kornberger As Chief Revenue Officer and Deputy CFO
Arbol Inc. (Arbol), today announced that Charlie Kornberger has joined the company as Chief Revenue Officer and Deputy CFO. He will oversee all revenue generating programs and operations for the company and its subsidiaries. “We are excited to have an impactful financial services and banking executive of Charlie’s caliber joining Arbol’s ranks to help lead our next phase of growth as we look to continue rapidly expanding our overall franchise and product offerings,” said Siddhartha Jha, Founder and CEO, Arbol. Charlie joins Arbol from Standard Chartered Bank, where he most recently served both as Global Head of Insurance Banking and Head of Financial Institutions for the Americas. Charlie successfully led large specialized businesses and leveraged client teams across multiple sub-sectors and geographies during his tenure. Charlie originally joined Standard Chartered in August 2013 as the bank’s Regional Head of Insurance Coverage for the Americas and previously held leadership positions with Credit Agricole Corporate & Investment Bank, Chase Securities, and Salomon Brothers. Charlie has over thirty years of corporate and investment banking and senior leadership experience across financial markets, risk management, capital markets, M&A, asset management, insurance-linked securities, risk transfer solutions and transaction banking services. “I’m thrilled to have joined the leadership team of Arbol, which i...
Arbol’s Blockchain-Powered Platform Transacts $70 Million in Premium in 2021
Arbol is Cash Flow Positive As Total Premium Transacted Grew From $2.2 Million in 2020 to $70 Million in 2021 Arbol, a global platform for data and blockchain powered climate risk solutions, today announced it transacted $70 million in gross premium in 2021. This marks significant growth and traction for the Arbol platform, which in 2020 transacted $15 million in notional risk and $2.2 million in gross premium. Highlighting Arbol’s focus on a sustainable business model, the company’s risk capacity had a loss ratio under 50% for transacted deals and it also ended the year cash flow positive. Arbol is a FinTech company offering global climate risk solutions for businesses in the agriculture, energy (traditional and renewable), maritime, and leisure sectors. Arbol’s proprietary pricing platform enables users to get live pricing directly through the app in a matter of minutes. The platform leverages a decentralized climate data network (dClimate), blockchain technology and an AI underwriter designed to price risks efficiently to make parametric protection products and SaaS services accessible and affordable for traditionally underserved and underinsured regions and businesses. “We created Arbol to make it easy and efficient for businesses of any size or location to build climate resilience leveraging data and blockchain technology,” said Sid Jha, Founder and CEO, Arbol. “Over 50 percent of Arbol’s clients in 2021 en...
Arbol Launches Arbol Underwriters, Enters the Reinsurance Market With Bermuda MGU
SIG Re Appoints Arbol Underwriters as its Insurance Agent for its Parametric Reinsurance Business. — Arbol Inc. (Arbol), an InsurTech platform for parametric protection products, today announced the launch of Arbol Underwriters Ltd. (AUL), a registered insurance agent based in Bermuda, focused on matching reinsurance capacity with parametric insurance risks. AUL’s parent company, Arbol, is an InsurTech platform and FinTech company that leverages decentralized climate data, blockchain technology and AI to power its proprietary pricing platform and to offer parametric protection products and SaaS services to help a wide range of customers to transfer and manage climate risks. “We are excited about setting up a platform in Bermuda to offer parametric solutions in the form of reinsurance” said Hong Guo, CEO of AUL and Chief Insurance Officer of Arbol. “Leveraging Arbol’s massive, cutting-edge data infrastructure and proprietary pricing tools, AUL will be able to provide innovative reinsurance solutions to its clients.” AUL intends to source original risk through a variety of channels, the first of which being partnerships with fronting insurance carriers. Through both volume program business and bespoke coverage solutions designed by Arbol and written through the fronting carriers, individuals and businesses can purchase parametric insurance to hedge their climate risk. Additionally, AUL will work with (re)insur...
Case Study: Punkin Center Gins
Arbol’s Area Yield Program (AYP) is Already Changing Lives and Saving Businesses. — “…the sixty-six hundred bales we ginned was just about enough to pay the light bill…with very little cotton there was no income so this (settlement from Arbol) was going to be a large chunk of the income that comes in for my bank this year.” Al Crisp first started working at a cotton gin at the age of fourteen in southern Texas at the Smith Gin COOP in Odem. He immediately became hooked on cotton. After hearing how big cotton was in West Texas, Al moved to Lubbock after finishing college to take a job with the Texas Cotton Ginners Association. Shortly after, he was managing three gins as a plant manager for Odonnell COOP. In 1999 when Al was twenty-five years old, he bought Punkin Center Gins. Today, he runs the business alongside his wife Kasha. Punkin Center Gins is a family-owned and operated cotton gin and processing facility located in Lamesa, Texas. The business itself was established nearly a century ago in 1926. Punkin Center refines cotton into products like cotton seed, cotton mote, and five-hundred pound bales of cotton.Punkin Center Gins Cotton is at the heart of every cotton gin’s success. Simply put, a cotton gin can’t prosper financially without cotton to process. Al heard about Arbol’s Area Yield Program (AYP) for cotton after several consecutive challenging years for cotton in his area due to weather...
Arbol Unveils Climate Risk Solution for Captives at VCIA Conference
NEW YORK (August 11. 2021) — Arbol, an InsurTech platform for parametric weather protection products, today announced at the Vermont Captive Insurance Association (VCIA)’s annual conference the release of its streamlined “Captive+Parametric” solution for climate change risk management. The first of its kind service gives corporations a simple and practical way to take immediate action towards climate change risk management by transferring climate risks into captives using a parametric structure. “90 percent of Fortune 500 companies have captive insurers for managing traditional and emerging risks. As the demand for companies to better manage and disclose climate change risks grows as severe weather events become a greater point of global concern, the traditional risk management framework will need to account for risks related to climate and weather,” said Hong Guo, Arbol’s EVP and Chief Insurance Officer. “We believe that captive is the best mechanism and that parametric protection is the ideal product structure for corporations to start actively managing mounting climate risks. Arbol’s new Captive+Parametric solution will give corporations the ability to leverage Arbol’s proprietary pricing tools and climate data platform to easily implement this process.” Arbol’s streamlined climate risk solution for captives gives corporations access to Arbol’s full suite of technology and data tools, including...
Smart Contracts and Blockchain Can Help Close the Global Protection Gap, Enable Businesses to Build…
Smart Contracts and Blockchain Can Help Close the Global Protection Gap, Enable Businesses to Build Climate Resilience - By Siddhartha Jha, CEO of Arbol The great challenge of the upcoming century for enterprises and households will be how to proactively adapt and build resilience against changing and increasingly volatile and unpredictable weather patterns. For businesses that are exposed to weather and rely on a certain level of cooperation from the elements to operate normally, building climate resilience is a necessity for future success and survival. 70% of business globally are estimated to be impacted by weather, with damages from severe weather events and natural disasters rising each year. According to Aon, economic losses resulting from severe weather events totaled roughly $268 billion in 2020. Out of that total, only $97 billion in losses were insured, leaving a global protection gap of $171 billion. As governments adapt to the impacts of climate change on businesses, military operations, and essential infrastructure, policymakers are also calling on financial institutions, corporations, and hedge funds to do more to identify, disclose, and mitigate climate risks and build institutional resilience. These risks are no longer an afterthought or a matter of future concern for global communities, even those in developed and wealthier nations. The U.S. Environmental Protection Agency (EPA) recently released a report s...
More Chainlink (#LINK) News
|Chainlink CCIP Goes Live on Coinbase-Incubated Layer-2 Base
Chainlink - the leading Oracle service provider - has announced that its Cross-Chain Interoperability Protocol (CCIP) is now live on Base in a bid to enable developers on the Coinbase-incubated Ethereum layer-2 network to have access to the secure and easy-to-use interoperability protocol for building cross-chain applications and services.
The move comes a month after Chainlink Price Feeds went live on Base, which allowed developers on Base access to Chainlink Data Feeds and other Web3 services.
Chainlink CCIP on Base
According to Base creator Jesse Pollak, the launch of CCIP on Base is expected to allow developers to securely build cross-chain applications, letting them experiment further and explore new use cases.
So far, Chainlink has successfully incorporated Ethereum, Polygon, Avalanche, Polygon, Optimism, and Arbitrum into its protocol, while Base joins as the sixth addition to this growing roster.
Commenting on the development, Johann Eid, Chief Business Officer at Chainlink Labs, said,
'Base and Chainlink are both building on the forefront of blockchain development as we work to bring the next wave of millions of new users into our industry. The scalability and technological creativity of Base as a layer 2 solution, combined with an ever-increasing number of Chainlink services, is a boon for developers looking to build the next generation of cross-chain applications and services.'
CCIP - The New Gold Standard for Interoperability
CCIP serves as a cross-chain communica...
|LINKing The Dots: Why Chainlink Could Be The Altcoin To Watch, Top Trade...
Chainlink (LINK), the decentralized oracle network, has been making waves in the cryptocurrency space recently. Renowned crypto analyst Altcoin Sherpa, known for his insightful market predictions on the social media platform X, has voiced strong support for Chainlink, highlighting its promising fundamentals.
With a current price of $7.45 on CoinGecko, LINK has been steadily gaining traction, posting a 0.2% gain in the past 24 hours and a 9.1% increase over the last seven days.
Sherpa's Vote Of Confidence On Chainlink
Altcoin Sherpa's LINK endorsement carries significant weight in the crypto community. He believes that Chainlink is poised for exceptional performance in the next bull cycle, emphasizing its resilience during the crypto market's ups and downs.
In his own words:
'LINK: Still one of the few coins that I would consider just buying a bag of and letting it sit for the next six months [plus]. I think this is going to be a very strong one for the next cycle. Core infrastructure for a ton of projects with few competitors.'
LINK’s Steady Price Growth
Chainlink's recent price surge has caught the attention of investors and analysts alike. Over the past two weeks, LINK's price has climbed from a low of $6.53 to a peak of $7.30. This impressive rally has left many wondering about the driving factors behind it.
One significant factor contributing to LINK's recent upswing is the dynamics of its availability on exchanges. Santiment, a prominent on-chain a...
|Chainlink (LINK) Brushes Off Market Downtrend, Scores 11% In Last Week
Chainlink has remained bullish despite the bearish pressure in the broader crypto market. The crypto closed bullish at $7.4 yesterday, September 26, with over 7% increase.
LINK remains bullish, with an 11% seven-day price increase and over 2% gain in the last 24 hours. But while the token’s price continues to increase, data shows the trading volume has declined 17% in the last 24 hours. What could be the reason behind this contradiction?
Chainlink Price Continues To Surge
In an X post on September 24, Chainlink network announced it had recorded multiple integrations across six blockchains. These include Arbitrum, Ethereum, Optimism, Avalanche, Polygon, and BNB Chain.
Also, yesterday, September 26, gaming platform BetSwirl announced that it integrated Chainlink's CCIP across Ethereum, Polygon, Avalanche, and Arbitrum. Given the ongoing movement, the crypto asset could break the $7.8 resistance and record higher highs soon.
Meanwhile, Chainlink (LINK) is number 3 among the top weekly gainers after CRV and PEPE. It has also secured a position on the top daily gainers’ chart.
Although the price strides are bullish, the trading volume, down 17%, raises concern about whether LINK can sustain the rally. It indicates reduced trading activity, a possible sign that buyers have reached saturation and paused to weigh their next move.
This setup bodes badly for LINK as it could signal the entrance of sellers, which will exert downward pressure on the token’s ...
|LINK Price Broke Critical Level, Macro Downtrend Behind? Analyst Forecas...
The LINK price has been the best performer in the crypto top 20 by market cap over the past week, data from Coingecko shows. The cryptocurrency recently broke out of a critical level and a downtrend and seems poised to re-capture previously lost territory.
As of this writing, the LINK price trades at $7.70 with a 4% profit in the last 24 hours. Over the previous week, the cryptocurrency recorded a 12% profit while other tokens in the top 20 have mostly seen losses, with Bitcoin Cash (BCH) standing as the exception along with Chainlink.
LINK Price About To Start Uptrend? When the LINK price broke below in early 2023, the cryptocurrency began to descend to its current levels. The price struggled to stabilize around $5.5, but once buyers stabilized the cryptocurrency around those levels, the token formed a sideways trend.
Since May this year, the LINK price has been moving in this trend with a high of around $8. The chart below shows that trader Rekt Capital believes the token’s recent price action spells good news for LINK holders.
The chart above shows that LINK broke above an essential trend after closing a weekly candle above $7. Thus, the cryptocurrency could rise to $10.5 before meeting any critical resistance.
If the token can extend its gains, the next target could see LINK hitting $16.5 as an ultimate stand for bears to take back control and prevent a full-on bull run above $20.
As of this writing, the crypto market, at least its two most important tokens, Bit...
|Biggest Movers: BCH, LINK Move to 6-Week Highs on Wednesday
Bitcoin cash was once again a big mover, as the cryptocurrency rose by nearly 10% during today's session. The move saw price climb to its highest level since mid-August, and came as U.S. dollar strength pushed the S&P 500 to a three-month low. Chainlink also rallied strongly on Wednesday.Bitcoin Cash (BCH)
Bitcoin cash (BCH) continued to climb higher for a third straight session on Wednesday, as prices surged by nearly 10% in today's session.
BCH/USD peaked at $234.94 earlier in the day, which comes a day after falling to a low of $211.95.
This is the strongest point that the token has hit since August 10, when price was trading above $240.00.
Looking at the chart, the move came following a breakout of a point of resistance at the $225.00 level.
Additionally, the relative strength index (RSI) also broke out of a ceiling at 60.00, and is now tracking at 65.52.
The next target now seems to be at the $250.00 mark, which could be hit if current momentum extends for the remainder of the week.
In addition to BCH, chainlink (LINK) was also in the green on Wednesday, rising to a multi-week high of its own.
After falling to a low of $7.26 on Tuesday, LINK/USD surged to an intraday high of $7.82 during today's session.
Like with bitcoin cash above, today's peak pushed the cryptocurrency to its highest level since August 9.
Overall, the rise occurred as price strength moved past a resistance level of 67.00, with a current reading of 67.22.
LINK bulls are now likely l...
|LINK Price Extends Increase, Will Chainlink Bulls Be Able to Hit $8.5 Mi...
Chainlink’s LINK price is moving higher above the $7.25 resistance. The price is now consolidating gains and might aim for more upsides above $7.50.
Chainlink price is showing positive signs above $7.25 against the US dollar. The price is trading above the $7.30 level and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support near $7.25 on the 4-hour chart of the LINK/USD pair (data source from Kraken). The price could restart its increase unless there is a close below the $6.95 support. Chainlink (LINK) Price Eyes More Upsides
In the last LINK price prediction, we discussed the chances of more gains above the $7.00 level against the US Dollar. The price did remain stable and extended gains above the $7.25 level.
The price even broke the $7.50 level. Chainlink traded as high as $7.56 and outperformed Bitcoin and Ethereum. Recently, there was a minor downside correction below $7.40. The price tested the 23.6% Fib retracement level of the upward move from the $6.60 swing low to the $7.56 high.
LINK is now trading above the $6.50 level and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support near $7.25 on the 4-hour chart of the LINK/USD pair.
Source: LINKUSD on TradingView.com
If there is a fresh increase, the price might face resistance near $7.45. The first major resistance is near the $7.50 zone. A clear break above $7.50 may possibly start a steady increase toward the $8.00 and ...
|Chainlink Addresses Controversial Multisig Wallet Signer Changes
Chainlink, a decentralized oracle network, has addressed concerns raised by the crypto community about a recent alteration in its multisig (multi-signature) wallet.
The criticism arose after users, including well-known crypto researcher Chris Blec, noticed a quiet shift in the number of signatures required on the multisig wallet from 4-of-9 to 4-of-8.
Crypto Community Questions Chainlink's Multisig Wallet Adjustment
Chainlink is under scrutiny from the community for subtly altering the protocol's multisig wallet. The changes involve reducing the required number of signatures on the multisig wallet from 4 out of 9 to 4 out of 8. The 4-of-8 multisig setup is a security measure that demands at least four out of eight signatures to authenticate any transaction.
The issue was brought to light when an individual took to X, mentioning the removal of a wallet address from Chainlink's multisig system without a preceding announcement from the company.
Chris Blec responded to the post expressing concerns that modifications to this multisig could manipulate any Chainlink price feed to display any desired price. He argued that this situation essentially centralizes what should be a decentralized system.
Chainlink multisig has removed a signer and is now a 4-of-8 multisig.
This multisig can change *any* Chainlink price feed to provide *any* price that it wants it to provide.
Completely centralized under this multisig. https://t.co/GOAtJXShIV
— Chris Blec (@ChrisBlec) September 24, 2...
|Chainlink (LINK) Spikes 6% On The Weekly Chart As Market Sees Correction
The crypto market cap has declined over 1% in the last 24 hours, transmitting losses across the market. Top coins like Bitcoin and Ethereum have taken the hit, losing 3% and 4% of their past week’s gains, respectively.
However, Chainlink (LINK) resisted the prevailing bearish market forces amid this onslaught, holding 6.51% gains on the weekly chart. Also, the token has recorded a 1.68% price increase in the last 24 hours.
Amid the upturn, LINK has broken past the $7 price mark; could it ride the prevailing bullish waves to record new highs? Let’s find out.
ChainLink’s Daily Active Addresses Hits A 2-Month High
LINK’s price uptick comes amid a significant increase in active unique addresses on the network. Data from leading on-chain analytics firm Santiment shows that Chainlink's unique addresses exceeded 3,900 for the first time since July 21.
Furthermore, this uptick indicates increased network activity and engagement, reflecting the rising community interest and involvement. Moreover, increasing unique active addresses is often synonymous with increased usage and adoption of the network's native token, LINK. And this could be seen in the increase in LINK’s market value over the past seven days.
In addition, an update on Chainlink adoption shows four of the network's services integrated across six different chains. These chains include Arbitrum, Avax, BNB Chain, Etherem, Optimism, and Polygon.&nbs...
|Biggest Movers: SHIB Extends Gains, LINK Hits 5-Week High on Saturday
Shiba inu was a notable mover to start the weekend, as the meme coin rose for a second consecutive session. The surge comes despite the global crypto market cap mostly consolidating today. Chainlink also raced higher, hitting a five-week high.Shiba Inu (SHIB)
Shiba inu (SHIB) continued to move away from a recent support point on Saturday, as the price rose for a second straight day.
SHIB/USD peaked at $0.000007391 earlier in the day, which comes following a low of $0.00000725 the day before.
The move saw shiba inu distance itself from a floor of $0.00000710, moving closer to a ceiling of $0.00000760 instead.
As the price approaches this point of resistance, the 10-day (red) moving average also nears an upward cross with its 25-day (blue) counterpart.
In order to reach this point, bulls will first need to orchestrate a move beyond a ceiling of 44.00 on the relative strength index (RSI).
At the time of writing this, price strength is tracking at 42.46.
Chainlink (LINK) was another big mover to start the weekend, as the price surged to a multi-week high.
After falling to a low of $6.73 on Friday, LINK/USD jumped to a peak of $7.13 earlier in today’s session.
As a result of the surge, chainlink climbed to its strongest point since August 15, when the price peaked at $7.42.
From the chart, it appears that the rally led to a resistance level at $6.90 being broken, however, price uncertainty has begun to creep in.
LINK is now trading at $7.00, which comes a...
|Chainlink (LINK) Defies Market Sentiment, Bitcoin (BTC) Stalls at $26.5K...
Bitcoin failed to reclaim the $27,000 level yesterday and has stalled at around $26,500 as of now.
The altcoins are in no better shape, with minor losses coming from most larger-cap ones. Chainlink is the only one with a notable price increase.
BTC Back at $26.5K
Last week was expectedly less volatile, aside from a brief spike on Saturday that pushed bitcoin to a then-multi-day peak of $26,400. After failing to continue upwards, BTC retraced to $26,000 and spent the rest of the weekend there.
Monday didn't start all that positively either, but finished that way. Bitcoin went on the offensive and soared above $27,000 for the first time in weeks. It dumped shortly after, but the bulls kept the pressure on and pushed the cryptocurrency to a new 20-day peak at $27,500 on Tuesday.
The next few days were rather calm, with BTC maintaining the $27,000 even after the US Federal Reserve's decision to stop raising the interest rates. Yet, bitcoin's momentum disappeared by Friday, and it fell down to $26,400.
It tried to bounce off by the end of the day but failed and currently stands at $26,500. Its market cap is south of $520 billion, while its dominance over the alts is still just inches above 49%.
BTCUSD. Source: TradingView
LINK in Green
Most altcoins are also calmer on a daily scale. On the one hand, ETH, BNB, DOGE, ADA, DOT, MATIC, and LTC have charted minor losses, while on the other, XRP, TRX, TON, and SHIB are slightly in the green.
Solana has retraced the most from the larger-...
|Chainlink (LINK) Notches 9% In One Day As Market Rebounds, What's Next?
Oracle service provider Chainlink native token LINK has surged today as the crypto market records a significant uptick. The cryptocurrency is up by 9.02%, trading at $6.80 with a trading volume of $198 million, representing an over 179% increase in the last 24 hours.
One of the factors likely to affect LINK's price growth in the coming days is the massive movement of tokens from the network's wallet to exchanges. On September 16, four wallets associated with Chainlink transferred 18.75 million LINK tokens across various platforms, amounting to $119 million.
These wallets were originally intended for holding tokens that were not yet in circulation. But recently, around 15.7 million LINK tokens (approximately $100 million) left these wallets headed straight to Binance. Furthermore, 3.05 million LINK tokens (roughly $19 million) left the wallets in a multi-signature wallet identified as 0xD50f.
Following these significant on-chain activities and potential implications, investors are eager to see how LINK price will react.
LINK Breaks Above $6.3 Resistance Level
LINK is in an uptrend, forming a bullish engulfing pattern to break above the $6.3 resistance level. Although LINK is still below its 200-day Simple Moving Average (SMA), today's green candle has broken above the 50-day SMA, showing increased pressure from buyers.
The buyers at the $6.1 support level have forced the crypto coin to rally after the brief retracement between September 16-17. Also, the ...
|Bitcoin Eyes $27K, Chainlink Emerges as Today's Top Performer: Market Wa...
Bitcoin tried its hand at taking down $27,000 once again earlier today but failed in its tracks, at least for now.
While TONCOIN has slipped by more than 3% over the same period, Chainlink's native token has soared by about 6%.
BTC's New Attempt
Last Monday was a seriously volatile trading day in which BTC first dropped by a grand to a two-month low at under $25,000, but positive news coming from another application for a spot ETF sent it north quickly. As such, the cryptocurrency reclaimed $26,000 and aimed even higher.
The rest of the business week was slightly more positive, with bitcoin gradually increasing its USD value. This culminated on Saturday morning when it pumped to $26,900 for the first time in over two weeks.
As it happened during the previous attempts to overcome that level, though, the bears came out and halted the initiative. BTC retraced by a few hundred dollars almost immediately and spent the rest of the weekend at around $26,500.
Another minor push came earlier today when BTC tapped $26,800 but once again failed to continue upwards. As of now, it still stands below $27,000.
Its market cap is inches above $520 billion, and its dominance over the alts is at slightly over 49%.
BTCUSD. Source: TradingView
LINK Pops Up
Most larger-cap alts are relatively calm today. Ethereum, Binance Coin, Solana, Tron, Polygon, and Litecoin have charted minor gains, while Ripple, Dogecoin, Cardano, and Shiba Inu have charted insignificant losses.
TONCOIN has dropped the most...
|Chainlink (LINK) Bullish Run Falters: Time To Brace For A Price Dip?
Chainlink (LINK), the cryptocurrency known for its decentralized oracle network, has been facing a challenging period in recent days as it grapples with a persistent bearish trend. Despite some positive developments in the crypto space, LINK's price has been on a downward trajectory, failing to capitalize on favorable news.
One notable event that failed to provide the expected boost to LINK's price was the successful completion of Swift's experimentation with Chainlink. Swift, the interbank messaging giant, had conducted trials involving Chainlink, which created a buzz in the crypto community.
However, rather than propelling LINK's price to new heights, it primarily generated increased social volume and sentiment among traders.
Chainlink Short-Term Support Zone Crumbles
Looking at the price charts in a new analysis, it becomes evident that LINK was unable to maintain a short-term support zone that had been established by bullish investors just last week. The weekend witnessed a decline in prices and a surge in bearish pressure, undermining the previous support.
On the 4-hour chart, a bearish order block was clearly visible around the $6.2 zone, marked in red. While Chainlink prices had briefly surged past this level on September 7 and even retested it as support, ultimately flipping it into a bullish breaker block, the bulls struggled to sustain the momentum. The persistent sell pressure over the past few weeks ultimately pushed LINK's value below the critical $6.2 mar...
|LINK Price Surge Ahead? Chainlink Sharks Bet Big On Accumulation
Chainlink (LINK) has managed to break through the critical resistance level at $6. This unexpected surge in price can be attributed, in part, to the relentless accumulation of LINK tokens by large wallet investors, known as sharks.
The trend among these influential players has been particularly pronounced, and it could hold the key to Chainlink's bullish resurgence.
On-chain date cited in a report has provided valuable insights into this remarkable shift in Chainlink's fortunes. According to their data, the shark tier of investors has swiftly acquired a staggering $9.6 million worth of LINK tokens within just three days. This surge in demand from these heavyweights is expected to act as a significant catalyst for further upward movement in LINK's price.
Emergence Of New Shark Wallets: A Bullish Sign For Chainlink? Recent data also reveals that 98 new shark wallets have emerged within the Chainlink ecosystem since the start of the week, marking a 3.2% increase. As of Thursday, a total of 3,127 shark wallets were holding between 10,000 and 100,000 LINK tokens. This demonstrates a growing appetite among larger investors for Chainlink, further fueling the cryptocurrency's recent rally.
The current LINK price, as per CoinGecko, stands at $6.34, with a slight 0.7% decline in the past 24 hours. However, over the last seven days, LINK has seen a notable 6.4% rally, defying the broader bearish sentiment that has gripped the altcoin market.
The accumulation of Chainlink ...
|Chainlink Sharks Accumulate $9.6M Worth of LINK in 3 days: Data
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 number of wallets holding 10K-100K LINK has surged to levels not seen in the last nine months.
Shedding more light on the latest accumulation patterns, the market intelligence platform observed that this cohort of holders has added a staggering $9.6 million worth of LINK tokens in the last three days alone.
#Chainlink's key shark tier that holds between 10K-100K $LINK has been on an accumulation spree. There are now 3,127 wallets holding this level of coins, making it the highest amount since Dec. 3, 2022. They have added $9.6M worth of $LINK in 3 days. https://t.co/X8egUJMz5k pic.twitter.com/TPYHkahdg9
— Santiment (@santimentfeed) September 7, 2023
Santiment's analysis also shows that Chainlink sharks collectively hold over 0.15% of LINK's entire circulating supply.
There has also been an increase of 98 new Chainlink wallets holding between 10K-100K LINK tokens since September 3rd, representing a growth of more than 3.2%.
The renewed accumulation among large LINK holders comes as the crypto asse...
|Chainlink Price Prediction For September: Buy LINK Now?
Chainlink (LINK) has been a standout in the crypto market recently, registering an 11% increase over the past six days, even as the broader crypto market sentiment remains subdued.
Will Uptober Start Early For Chainlink? A significant factor that might be driving this price action is the behavior of LINK's major holders. On-Chain analysis firm, Santiment, highlighted this in a recent tweet, stating: 'Chainlink's key shark tier that holds between 10K-100K LINK has been on an accumulation spree.'
Diving deeper into the data, there are now 3,127 wallets holding between 10,000-100,000 LINK, marking the highest level since December 3, 2022. These wallets have added a staggering $9.6 million worth of LINK in just three days. Since September 3rd, there's been a 3.2% rise in the number of wallets in this category, with 98 new wallets emerging. This group has accumulated 0.154% of the entire LINK supply in the same period.
However, Chainlink's journey hasn't been entirely smooth. The token has been ensnared in a sideways range for an exhausting 485 days, which is over 15 months. The LINK/BTC pair has been on a downward trajectory for more than three years.
Chainlink's much-anticipated release of the Cross-Chain Interoperability Protocol (CCIP) was met with significant hype. Yet, despite its potential to revolutionize cross-chain communication, its release didn't provide the expected boost to LINK's price.
Also the news that a tokenization experiment by interbank messaging system...
|LINK Price Prediction: Chainlink Needs To Clear $6.25 For Hopes of a Fre...
Chainlink’s LINK price is holding the $5.75 support zone. The price could start a fresh increase if it clears the $6.25 resistance zone.
Chainlink token price is showing positive signs above $6.0 against the US dollar. The price is trading above the $6.05 level and the 100 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $6.10 on the 4-hour chart of the LINK/USD pair (data source from Kraken). The price could gain bullish momentum above the $6.25 resistance zone. Chainlink (LINK) Price Eyes Fresh Recovery
After a major decline, LINK price found support near the $5.75 zone against the US Dollar. A low was formed near $5.74 and the price is now attempting a recovery wave, like Bitcoin and Ethereum.
There was a decent move above the $5.85 and $6.00 levels. LINK is now trading above the $6.05 level and the 100 simple moving average (4 hours). However, there are many hurdles on the upside starting with $6.10. Besides, there is a key bearish trend line forming with resistance near $6.10 on the 4-hour chart of the LINK/USD pair.
The current price action suggests that the price is struggling near the trend line and $6.10. The first major resistance is near the $6.25 zone. It is close to the 23.6% Fib retracement level of the downward move from the $7.91 swing high to the $5.74 low.
Source: LINKUSD on TradingView.com
A clear break above $6.25 may possibly start a fresh increase toward the $6.65 and $6.80 levels. The next major res...
|Ripple (XRP), Chainlink (LINK), and Pomerdoge (POMD) Held By These Trade...
The goal of every investor is to make maximum returns. Hence, the decision to sell or keep tokens is always crucial for every investor. Since the crypto market is volatile, it becomes critical for investors to conduct in-depth research before holding a token.
Keep reading to find out why veteran investors are holding Ripple (XRP), ChainLink (LINK), and Pomerdoge (POMD).
Click Here To Find Out More About The Pomerdoge (POMD) Presale
XRP (XRP) Is Attaining New Unprecedented Heights
Ripple (XRP), a renowned token due to its transformative ability in financial services and community, has gained an unprecedented increase in adoption. Binance Pay has launched in Brazil, and the importance is for local businesses to accept cryptocurrency as a form of payment. XRP, which is one of the tokens supported by Binance Pay, might see its price head north as more individuals will want to use it to make payments.
Also, a new report by Bithumb has shown how popular XRP is in South Korea. The proportion of young investors holding the token is about 3.2% higher than Ethereum and Bitcoin. The major reason many investors are holding XRP is because of its versatile use cases for micropayments, DeFi, and even NFTs.
It predicts a bright future. The token soared back in July and despite its subsequent retracement, many believe it could aim for the $1 price tag.
Chainlink (LINK): Why Are Investors Positive Despite the Bear Market?
Chainlink (LINK) is one of the tokens affected by the bear market. Its p...
|Chainlink Completes Integration With Coinbase's Layer 2 Network Base
Chainlink has expanded its integrations to a total of 12 by tapping the Coinbase-incubated layer-2 network Base. According to a recent update, Base joins the likes of Ethereum, Arbitrum, Avalanche, BNB Chain, and Polygon, among other projects.
The decentralized oracle network had first announced implementing its price feeds into Base a day before the latter's mainnet launch.
The integration essentially enabled developers building on the layer-2 blockchain to access Chainlink Data Feeds and other web3 services.
In a statement, Jesse Pollak, Creator of Base and Head of Protocols at Coinbase, previously said,
'Chainlink Price Feeds are one of the leading price data solutions for developers when it comes to security, reliability, and usability.'
The exec further highlighted that the native integration of Chainlink Price Feeds into Base will allow developers with the tools they need to port existing applications over to the blockchain and enable them to experiment with novel use cases that can be built on Base's 'hyper-scalable layer-2 environment.'
While Base has been operational for developer testing for a few months, it wasn't until August 9th that the network was launched for the public.
Meanwhile, the total value locked in the blockchain surged to $205 million. This feat was achieved in less than a week since...
|Biggest Movers: LINK Ends 4-Day Losing Streak, as DOGE Extends Declines
Chainlink was one of the notable movers on Monday, as the token ended a streak of four consecutive days of declines. The move comes despite the global market cap mostly trading lower to start the week, falling 0.23% as of writing. Dogecoin fell for a second straight session.Chainlink (LINK)
Chainlink snapped a four-day losing streak on Monday, despite the global market cap mostly tracking lower to start the week.
Following a low of $7.32 on Sunday, LINK/USD jumped to a peak of $7.54 earlier in today’s session.
Monday’s move sees chainlink edge closer to a key resistance level of $7.65, which was last truly broken on July 30.
In addition to this, an upward crossover between the 10-day (red) and 25-day (blue) moving averages looks imminent.
Should this occur, there is a strong possibility that chainlink may not only move past the aforementioned ceiling, but closer to the $8.00 level.
At the time of writing, LINK is tracking at $7.49.
On the other side of the spectrum, dogecoin moved lower for a second straight session, following last week’s bull run.
DOGE/USD fell to a low of $0.07409 to start the week, following an earlier high of $0.07615 the day prior.
Since peaking at a multi-week high of $0.0776 on Saturday, dogecoin has mostly traded in the red, which appears to be largely due to profit taking.
This spell of bearish pressure looks to be pushing price towards a key support level around the $0.0730 region.
In addition to this, the 14-day...
|LINK Price Prediction: Chainlink Hints At Potential Rally To $8
Chainlink’s LINK price is holding the $7.30 support zone. The price could start a fresh increase if it clears the $7.50 resistance zone.
Chainlink token price is showing positive signs above $7.30 against the US dollar. The price is trading above the $7.40 level and the 100 simple moving average (4 hours). There is a key declining channel forming with resistance near $7.50 on the 4-hour chart of the LINK/USD pair (data source from Kraken). The price could gain bullish momentum above the $7.50 resistance zone. Chainlink (LINK) Price Eyes Fresh Increase
After a strong increase, LINK price faced sellers near the $7.90 zone against the US Dollar. A high was formed near $7.91 and the price started a downside correction, unlike Bitcoin and Ethereum.
There was a move below the $7.60 and $7.50 levels. The price declined below the 50% Fib retracement level of the upward move from the $6.932 swing low to the $7.915 high. The price also spiked below the $7.40 level. However, the bulls are active near the $7.30 support.
LINK is trading above the 61.8% Fib retracement level of the upward move from the $6.932 swing low to the $7.915 high. It is also above the $7.40 level and the 100 simple moving average (4 hours).
Source: LINKUSD on TradingView.com
It is now facing resistance near the $7.50 level. There is also a key declining channel forming with resistance near $7.50 on the 4-hour chart of the LINK/USD pair. The first major resistance is near the $7.685 zone. A clear break above...
|Crypto Analyst Shares Bullish Insights On Chainlink As Users Accumulate ...
Chainlink (LINK) has been one of the top trending tokens in recent weeks due to a combination of an overall positive price movement as well as exciting on-chain developments.
Following a recent buying spree in the LINK market, crypto analyst Ali Martinez has taken to social media platform X, providing some insights on the token’s potential price action.
29,000 Wallets Purchase 295 Million LINK Forming Major Support Level
On August 11, Ali posted on X stating that Chainlink has established a strong support zone between $6.63 and $6.88 as about 29,000 addresses purchased over 295 million LINK at this price range based on data from analytics firm IntoTheBlock.
Moving on, he postulated that as long as the altcoin was trading above this price zone, investors were likely to continuously remain bullish, especially as Soon-chain data shows that there are no significant resistance levels ahead.
According to Ali, a good number of LINK whales have already recognized the $6.63-6.88 zone as “robust” price support and are actively accumulating more tokens. He highlighted that in the past 14 days, LINK whales have purchased an estimated 13 million LINK worth around $91 million.
However, while these developments may be considered indications of a bullish LINK market, Ali states that traders anticipating a market breakout may still need to exercise some patience.
Using data from IntoTheBlock, the crypto analyst draws attention to the declining network ac...
|Biggest Movers: LINK Retreats From 2-Week High, as XRP Drops 5%
Chainlink declined from a recent two-week high on Thursday, as market uncertainty rose around the latest U.S. inflation report. As consumer prices rose to a reading of 3.2% in July, traders so far seem unsure on how to process this data. XRP fell by nearly 5% today.Chainlink (LINK)
Chainlink (LINK) was back in the red during today's session, as bulls retreated following a recent three-day win streak.
After moving to a peak of $7.86 on Wednesday, LINK/USD slipped to a floor of $7.57 earlier in the day.
Thursday's decline sees chainlink slip away from a move towards a long-term ceiling at the $8.00 level.
One reason for the drop off appears to be due to a collision with a ceiling of 58.00 on the relative strength index (RSI).
Currently, price strength is at a reading of 57.27, with the next visible floor at the 52.00 mark.
Should bears hit this target, LINK will likely be trading at $7.00.
Another notable token to fall today was XRP, which fell by as much as 5% during today's session.
After peaking at $0.6623 during yesterday's session, XRP/USD plunged to a bottom at the $0.6253 level.
Overall, XRP, formerly ripple, has been on the decline since its peak of $0.9479 on July 13, which was a 20-month high.
The latest drop coincided with the RSI failing to break out of a key resistance zone at the 46.00 region.
In the event momentum remains bearish throughout the week, XRP could be moving towards $0.5000.
Register your email here to get weekly price analysis updates sent to ...
|How High Can the Polkadot Price and Chainlink Price Go? Launchpad XYZ Hi...
Cryptocurrencies like Polkadot ($DOT) and Chainlink ($LINK) have experienced a tumultuous year thus far, with extended bull runs immediately followed by sharp drops.
However, with the crypto market showing signs of renewed optimism, some investors speculate that $DOT and $LINK could reach the fabled $10 mark in the weeks ahead.
Meanwhile, another new Web3 project, Launchpad XYZ ($LPX), is also gaining momentum – and has recently hit the $1.2 million funding milestone in its ongoing presale.
$DOT Price Could Push to $10 If Bullish Momentum Returns
Polkadot’s price has been highly volatile in recent weeks, with the token now trading around $5.02 – up 16% year-to-date.
Although this is a much lower return than Bitcoin and Ethereum, analysts still ponder whether $DOT could reach the $10 level in its current cycle.
As a leading blockchain interoperability protocol, Polkadot aims to facilitate seamless information transfers between various networks.
This functionality has garnered significant interest, and Polkadot’s ecosystem now hosts over 380 projects, according to data from PolkaProject.
With so much building on Polkadot, there's a growing belief that $DOT could see more upside, given how vital the token is to the ecosystem.
Some analysts have even set price targets above $10 for $DOT; for example, renowned market commentator Crypto Dose tweeted that he believes the token could be priced at $900 by 2025.
However, for this to occur, $DOT would need to sh...
|LINK Price Prediction: Chainlink Turns Attractive On Dips
Chainlink’s LINK price is showing positive signs pace above $7.20. The price could rise further if it stays above the $7.30 support zone.
Chainlink token price is showing positive signs and rising from $7.00 against the US dollar. The price is trading above the $7.30 level and the 100 simple moving average (4 hours). There was a break above a major bearish trend line with resistance near $7.35 on the 4-hour chart of the LINK/USD pair (data source from Kraken). The price could gain bullish momentum above the $7.35 resistance zone. Chainlink (LINK) Price Eyes More Gains
After a short-term downside correction, LINK price found support near the $6.95 level against the US Dollar. A low was formed near $6.933 and the price started a fresh increase, unlike Bitcoin and Ethereum.
There was a clear move above the $7.10 and $7.20 resistance levels. Besides, there was a break above a major bearish trend line with resistance near $7.35 on the 4-hour chart of the LINK/USD pair. Finally, the pair traded close to the $8.00 zone.
A high is formed near $7.914 and the price is now correcting gains. There was a move below the 23.6% Fib retracement level of the upward move from the $6.933 swing low to the $7.914 high.
Source: LINKUSD on TradingView.com
LINK price is now trading above the $7.30 level and the 100 simple moving average (4 hours). It is now facing resistance near the $7.80 level. The first major resistance is near the $7.95 zone. A clear break above $7.95 may possibly start a...
|Putin and Ramaphosa Discuss BRICS Summit, Trade and Cooperation; Russian...
Russian president Vladimir Putin and South African president Cyril Ramaphosa recently addressed cooperation, trade, and preparations for the upcoming BRICS summit. The two leaders conversed about practical cooperation and the expansion of the organization, reflecting a shared commitment to international engagement. While Putin won’t be attending the conference in person, he will be represented via video link and by Russian foreign minister Sergey Lavrov’s attendance.Putin Opts for Virtual Presence at BRICS; Engages Ramaphosa on Bloc's Future
Russian president Vladimir Putin and South African president Cyril Ramaphosa engaged in a detailed conversation about cooperation and the upcoming BRICS summit by telephone. Scheduled to be held in Johannesburg on August 23-24, the summit is set to discuss the BRICS bloc's expansion, among other topics.
'The sides reiterated their commitment to further constructive cooperation on the current international agenda,” Russian media publication Tass quotes the Kremlin press service as saying.
Putin confirmed that he would not attend the summit in person, explaining that his presence in Russia was more critical. Russian foreign minister Sergey Lavrov will represent Moscow in person, while Putin will participate via video link. The dialogue between Putin and Ramaphosa came on the heels of their July 29 encounter and the earlier Russia-Africa summit, convened in St. Petersburg.
Ramaphosa expressed a favorable evaluation of the s...
|Biggest Movers: LINK, SOL Extend Gains, as Crypto Momentum Begins to Shi...
Chainlink surged by nearly 4% during Tuesday’s session, as the token moved towards a one-week high. The move came as cryptocurrencies rebounded, following a slow start to the week. Solana was another big mover, as it headed towards the $24.00 level.Chainlink (LINK)
Chainlink (LINK) was one of Tuesday’s biggest movers, as price surged by as much as 4% during the session.
LINK/USD hit an intraday peak of $7.42 earlier in the day, following a low of $7.00 to start the week.
Yesterday’s bottom was also a long-term support point, with bulls choosing to reject a breakout on this occasion.
This comes as the 14-day relative strength index (RSI) continued to move away from a floor at the 48.00 mark.
As of writing, price strength is tracking at 52.20, close to a resistance zone of 53.00.
In the event this level is breached, there is a strong possibility that LINK could move towards $7.50.
Solana (SOL) also made strong gains on Tuesday, with bulls pushing price towards the $24.00 level.
After starting the week at a low of $22.49, SOL/USD raced to an intraday peak of $23.68, earlier in the day.
Momentum seems to have shifted in favor of the bulls, with solana now trading at its highest point since last Wednesday.
This is now the third consecutive day that SOL has edged higher, resulting in the RSI nearing a collision with a ceiling at 53.00
Currently, price strength is tracking at 51.87, with a move to the aforementioned target likely to result in SOL mo...
|Biggest Movers: XLM, LINK 20% Higher on Thursday
Chainlink rose by as much as 20% earlier in today's session, as markets reacted to the release of its Chainlink Cross-Chain Interoperability Protocol (CCIP). Traders were buoyed by the news, pushing the token to its highest level since April in the process. Stellar rose to a one-week high today.Chainlink (LINK)
Chainlink (LINK) was one of Thursday's most notable gainers, as the token surged nearly 20% higher.
After falling to a low of $6.88 on Wednesday, LINK/USD rallied to an intraday peak of $8.32 earlier in the day.
The move pushed price to its strongest point since last April, when the token hit a high above $8.60.
Looking at the chart, the latest rally took place as the relative strength index (RSI) broke out of its ceiling at 72.00.
At the time of writing, the index is at 73.03, with an upcoming resistance point of 77.00 a possible destination for bulls.
In the likely event it reaches this point, LINK could surpass last Thursday's peak.
In addition to LINK, stellar (XLM) was another big mover during today's session, as it also rose by nearly 20%
XLM/USD recorded a high of $0.1793 earlier in the day, which comes following yesterday's low of $0.1414.
Similar to chainlink, this peak pushed stellar to its highest point since last Thursday, when the token hit a then 15-month high.
As a result of this gain, price strength in XLM is now overbought, which could spell a soon end for the current uptrend.
The RSI is tracking at a reading of 71.87, but is fast appr...
|Chainlink Jumps 7% on Cross-Chain News, Bitcoin Slipped to 18-Day Low (M...
Bitcoin's price took another turn for the worse in the past 24 hours as the asset fell to an 18-day low of $29,650.
Most altcoins have also turned red, with ETH close to breaking below $1,900. SOL has dumped the most from the larger caps.
BTC Dips Below $30K
Bitcoin went on a massive roller-coaster at the end of last week when it pumped from just over $30,000 to $31,800 to register its highest price tag in over a year. This came following Ripple's court win over the SEC.
However, the primary cryptocurrency failed there and nosedived on the following day back down to $30,000. The bulls managed to recover a few hundred dollars by the time the weekend had arrived.
As with most previous ones, this past weekend was also uneventful, and BTC spent it stuck at $30,300. Monday didn't provide any different scenarios either, and it was only during the early trading hours of Tuesday when bitcoin finally made a move.
It wasn't a positive one, though, as BTC slumped to $29,650 (on Bitstamp) for the first time since June 30. It has managed to recover most of the losses, but it is still shaky above $30,000.
Its market cap has declined to under $585 billion, and its dominance over the alts is slightly up to 48.6%.
BTCUSD. Source: TradingView
LINK Defies the Marke Sentiment
Most altcoins were also calmer during the weekend, but the landscape now is slightly more painful. Ethereum is close to dropping below $1,900 after a 1.4% decline on a daily scale. Ripple and Binance Coin, which exchanged p...
|Chainlink Labs Taps Blockchain PR Firm MarketAcross to Support Startups ...
Chainlink Labs, a Web3 services provider and developer of data oracle solution Chainlink, has partnered with blockchain public relations (PR) and content marketing firm MarketAcross to support startups in the Chainlink BUILD program.
According to a press release shared with CryptoPotato, the channel partnership between the two parties will give members of the program access to services in content marketing, PR, social promotions, brand reputation, community growth, and more.
Chainlink Partners MarketAcross to Support Startups
The Chainlink BUILD program was created to foster the development of early-stage startups in the Chainlink ecosystem. The alliance with MarketAcross is set to give members of the program access to a wide range of content marketing services that will enable them to focus on developing their core business logic and discovering new use cases for the blockchain space.
Commenting on the channel partnership, Kate Lane, head of partnerships at Chainlink Labs, said: “We’re thrilled to have MarketAcross support our Chainlink BUILD program as a channel partner. Their expertise in PR and content marketing for blockchain startups will be instrumental in supporting early and growth-stage projects and expanding their reach.”
As traditional marketing strategies do not always apply in the Web3 space, MarketAcross, which has worked with established blockchain solutions since 2014, will provide the startups with PR and content marketing expertise that ha...