Connect with us
CLOSE

ChainLink News

Tezos And Chainlink Surge 18% In 24 Hours

Published

on

xrp price starts

Tezos and Chainlink are the usual two cryptocurrencies which make similar surges and rise in almost the same momentum whenever bullish action on the market comes. In the latest cryptocurrencies news, we can see how Tezos and Chainlink surge by more than 18% in the past 24 hours – and these gains could easily extend today. Both Tezos’ XTZ and Chainlink’s LINK token are in the green now and are testing key resistance levels which could be the catalyst for a further advance.

After peaking at a high of $4 in mid-February, Tezos experienced its major sell-off which pushed its price all the way down to $1. When we see the technical vie of the coin, we can notice that the bearish impulse appears to have been triggered by a rejection off the upper boundaries of a parallel challenge.

Since then, every time the Tezos news showed XTZ rising on top of the channel, there has been a visit to the bottom and a bounce back again. So, now that Tezos took a 70% nosedive to the lower boundaries of its channel, it appears that the support near the token was able to hold. Breaking the resistance trendline that sits around $1.8 could trigger a new break out of the pattern and ignite a spike for XTZ.

Chainlink’s LINK token, on the other hand, is also ambitious. It has been one of the top performers in the run-up seen throughout the entire cryptocurrency industry in the start of the year. LINK was also the cryptocurrency that skyrocketed over 200% in the peak of the markets – but the price cooled down afterwards.

Now, the Chainlink news show that the coin is testing the resistance presented by the 78.6% Fibonacci retracement level. The resistance levels for LINK sit at $2.9 and $3.3, respectively. Nonetheless, an increase in the Tezos and Chainlink prices could trigger a new run on the upside – something that many investors are looking out for now.

In the end, we can see that the crypto market appears to be benefiting the most from the latest news by the Fed to unload an “infinite amount of cash” and “support smooth market functioning.” Tezos and Chainlink are the coins that are reaping the rewards since the announcement of the new stimulus programs.

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at editor@dcforecasts.com

Continue Reading
Comments

ChainLink News

Chainlink Rallied By 149% After The Bitcoin Price Crash In March

Published

on

By

Chainlink Rallied
Chainlink rallied by 149% after the massive bitcoin price crash since March. This week, LINK gained more than 47% over the past hour with a strong purchasing volume. The price dropped by a dramatic 63% from March 11 to March 12 and reached $1.35. Since then, Chainlink rallied by 149% and we are reading more about the price analysis in the LINK news below. The recent announcement for the new partnership with decentralizing giant Celsius and Fantom could be responsible for adding to the current excitement as previous partnership announcements boosted the price higher. The recent price gains are quite impressive and the current state of the Link charts shows that there could be more to come. Chainlink broke the $1.99-$2.30 range when the price took off and cleared the volume profile that was visible range high volume node and reclaimed the lost ground from the previous month's price drop to $1.33. The drop on March 12 led to the LINK price-cutting through the key supports in one candle so the traders can see the consolidation that occurred on March 19 all the way until April 5, matching the same price action from December and January when Link traded in the same price range. The price later stopped at $3.47 which is a point previously serving as support where Link was able to reclaim the $3.47 support level.  Looking above $4.13, the next target could be $4.57 which means it is closer to the all-time high and the current move is looking over-extended. The price could drop to $2.89 which is right above the 61.8% Fibonacci retracement and the high volume node on the VPVR so if the price level at $2.89 and $2.58 range fails to provide more support, a full retrace of the recent 47% gain could happen as the price drops back to $2.26. While it all looks good on the time frames, the 4-hour charts show that the altcoin is losing a bit of momentum as the moving average divergence convergence begins to roll over to the signal line. The strength index dropped from bullish territory to 66 as well. When it comes to the coin’s performance against Bitcoin (BTC) and Ether (ETH), LINK has gained 32% and 16% respectively, highlighting the firmness of ETH as well as the weakness of BTC. This happened only a few weeks before a market shifting event is set scheduled.
`
Continue Reading

ChainLink News

Chainlink Is Up By 36% In Only 3 Days: Why Is LINK Surging?

Published

on

By

chainlink is up
In three days, Chainlink is up by 36% and we can see that the ERC-20 token based on the Oracle service platform has been rising.  In the last 24 hours alone, the token managed to gain even 18% and has surged to a price of $3.38. LINK is pushing its weekly gains to 51% which is awesome for the coin. The latest Chainlink news show that at spot rates, LINK has almost doubled after sinking to lows of $1.94 on March 17, a few days after the brutal capitulation of the crypto markets dubbed "The Black Thursday." Even though LINK bottomed then, Chainlink is up by 36% in 3 days now and 51% in a week. When it comes to the coin's performance against Bitcoin (BTC) and Ether (ETH), LINK has gained 32% and 16% respectively, highlighting the firmness of ETH as well as the weakness of BTC. This happened only a few weeks before a market shifting event is set scheduled. https://twitter.com/Josh_Rager/status/1247984447296847874 Chainlink is up by a lot and outperforming BTC and ETH now, as well as other coins. There are three main reasons for this rise, including:
  • The recent partnerships - Chainlink recently partnered with Google and Fantom. They will both integrate the network.
  • SWIFT could also use LINK - Speculations circling on the Internet show that one of the main competitors of Ripple, SWIFT, could use LINK for instantaneous global transactions.
  • Cypherium also integrated with Chainlink - The enterprise grade platform which focuses on decentralization and scalability also integrated with Chainlink.
For those of you who haven't read the crypto news before, Chainlink (LINK) is basically the leading oracles platform which expands the silo-ed smart contracting capability of most blockchains including Ethereum. Because smart contracts rely on internal and on-chain data for execution, Chainlink creates a route where they can be triggered to execute from vetted, off-chain data which introduces more use cases of the smart contracting and therefore greater utility. While Chainlink is up by 36% in 3 days, more important is the fact that it is built on Ethereum and its native token, LINK, complies with the ERC-20 standard which means it is compatible, fluid and can be stored in the Ethereum wallets.
`
Continue Reading

ChainLink News

Chainlink Starts Using Celsius’ Treasury System For Assets Management

Published

on

By

Chainlink Rallied
Chainlink starts using the unique treasury system from Celsius in order to manage its crypto assets while moving to the custodial crypto landscape as we are reading in the following chainlink news today. Chainlink has partnered with other major organizations such as Intel and Google but this is the first time for a partnership with a crypto custodial crypto service. The Celsius Network is a financial platform that pays the users to deposit funds and to lend collateral to institutional funds that borrow the crypto assets to invest. Celsius will start leveraging Chainlink price feeds to calculate the interest payments because of the customers as well as for the payments to be received from borrowers. The pricing data will provide for more auditable trail for the lenders and borrowers because it will be stored on the public blockchain. The partnership between  Chainlink and Celsius will give prospective customers improved confidence in the system and the interest in payment calculation which is often done by publicly verifiable data. Chainlink starts having access to the treasury management solution of Celsius. According to the CEO of Celsius Network Alex Mashinsky:
 “Integrating Chainlink’s industry-leading decentralized oracle technology is the key step in the continued decentralization of Celsius. Partnering with Chainlink helps solidify our mission to bring revolutionary financial services to millions around the world.’’
A huge portion of Chainlink’s Bitcoin and Ether will be deposited right in the Celsius Network to earn interest at a much higher rate. The rate for BTC and ETH is standing at 3.92 percent and 2.33 percent. Lending ETH on Aave and Compound will only yield about 0.02 percent. The rates on Celsius are usually higher than DeFi because of the higher risk related. On Compound the lender is guaranteed with their initial capital thanks to over-collateralization. Celsius is a custodial solution which means it is able to use capital money efficiently. Celsius offers borrowing and lending in various crypto assets including stablecoins. Link is not integrated on the Celsius network but this could change with the new partnership. If this happens, LINK holders will have a new market to lend their coins to while the rates could be better than most of the DeFi platforms.
`
Continue Reading

ChainLink News

Chainlink Partners With Solana Blockhain To Build An Oracle

Published

on

By

Chainlink Rallied
The cryptonews today show that the decentralized network Chainlink partners with the Solana layer-one blockchain solution to build an oracle that updates very quickly. For those of you who don't know, Solana is a layer-one blockchain which can do around 60,000 TPS without any sharding. The founder and CEO of Solana, Anatoly Yakovenko, spoke to the media following the partnership and said:
"We recently saw market failures due to congestion on Ethereum, including oracle failures. What we're building with Chainlink is a high-frequency oracle that can give a price update every 400 milliseconds — and because of our capacity, we shouldn't see those kinds of market failures on our network. It's solving a fundamental problem that we see in the decentralized exchange space."
As Chainlink partners with Solana, the excitement of the CEO can be seen. When asked about the 60,000 TPS that Solana handles without sharding, Yakovenko said:
We are scaling with hardware with Moore's Law. We’re like a non-sharded layer-one that’s ridiculously scaled.
The Chainlink news before showed that aside from the prosperous LINK token that the network issues, the solution is one of the most sought-after and popular oracle networks in the world. You can see "Price Reference Contracts" which are a group of decentralized oracle networks that secure more than 25 DeFi price feeds including pairs such as ETH/USD, CHF/USD, ETH/BTC and others. All of these contracts are pegged by at least seven out of the 30 independent as well as Sybil resistant nodes. In the coming altcoin news, we can see that LINK is gaining and adding up in terms of value. Currently, the token is at $2.29 with a 1% increase on the day and holds the 14th position on the total cryptocurrency list. Its market cap of $800 million is very close to the one of Stellar (XLM) which is just above it on the list and has $845 million, as well as the Monero (XMR) altcoin which has gained 100% this month and has a market cap of $875 million. As Chainlink partners with Solana, we can see that the developments can be positive for the altcoin in the near future. The price of LINK could obviously benefit from everything that is going around the project and all of its plans for the future.
`
Continue Reading

Newsletter

For Updates & Exclusive Offers
enter your email below





NEWS CATEGORIES

ADVERTISEMENT

cryptocurrency review
FO5F93F47156 - Tezos And Chainlink Surge 18% In 24 Hours

ADVERTISEMENT

Medium Rectangle 300 200 2 Animated - Tezos And Chainlink Surge 18% In 24 Hours

ADVERTISEMENT

oasistrade banner

ADVERTISEMENT

300 250 - Tezos And Chainlink Surge 18% In 24 Hours
FO710FC3F2305 1 - Tezos And Chainlink Surge 18% In 24 Hours

ADVERTISEMENT

300 600 3 - Tezos And Chainlink Surge 18% In 24 Hours

Trending Worldwide