What do Vladimir Putin and Burger King have in common? 

For starters, they both have a cryptocurrency named after them. Actually, PutinCoin and Whoppercoin might be the only thing they have in common. But their namesake cryptocurrencies are among the thousands of different virtual currencies making up a growing marketplace grabbing investors’ attention.

Cryptocurrencies like Bitcoin and Ethereum have a growing track record of holding and increasing in value over time, though recent dips have wracked the market, while lesser-known cryptos are considered much more speculative and unpredictable. And while PutinCoin and Whoppercoin belong to a category of cryptocurrencies marked more for their absurdity than their potential as either an investment or cryptocurrency, they show just how unique different types of cryptocurrencies can be.

Here’s Where to Start:10 Most Popular CryptocurrenciesDecentralized FinanceDigital GoldDigital Cash or Internet MoneySoftware Platforms Stablecoin or Digital FiatMemecoins, and Other Strange Cryptocurrencies

In general, cryptocurrencies can be grouped by utility: What is the purpose of the cryptocurrency? What is its value proposition? What is it for?

“They all have different utilities, they all have different founders who have different visions for where that cryptocurrency is going,” says Mike Uehlein, founder and financial planner of WealthU advisors. Uehlein regularly talks to clients about investing in cryptocurrency. 

10 Most Popular Cryptocurrencies

There are thousands of cryptocurrencies, most with very little value and unclear potential. Many advisors recommend investors stick to Bitcoin and Ethereum — if any — and pass on the smaller cryptos. 

Leading cryptocurrency news outlet CoinDesk maintains a Coindesk 20 list of the most popular cryptocurrencies currently being bought and sold. This list includes cryptocurrency assets and networks by their most common names. Some, like Bitcoin (BTC), have one name for both the blockchain network and the cryptocurrency. Others, like Ethereum, are named for the broader blockchain network, but have a different name for their associated native cryptocurrency (Ether, or ETC, in the case of Ethereum).

Updated quarterly, the list ranks cryptocurrencies based on dollar volume and other data from third-party cryptocurrency exchanges, where people can buy and sell different linkUniswapPolkadotUSD Coin

Note: This top 10 list was last updated — using the Coindesk 20 — on May 26, 2021. 

Bitcoin

As the first cryptocurrency, Bitcoin (BTC) is also the most popular and highly valued, despite high volatility over the course of its history. Bitcoin was initially created to be used as a digital payment system, but experts say it is still too volatile to be used for that.Ethereum

Ether (ETH) is the cryptocurrency of the Ethereum network, an open-source blockchain upon which developers can build apps and other cryptocurrencies. It’s also the second largest cryptocurrency by market cap, behind Bitcoin. Ether’s value has risen sharply since its creation in 2013, to nearly $3,000 for one token as of late May, but still lags well behind Bitcoin’s value of nearly $40,000 per coin. 

XRP

XRP is the cryptocurrency of the Ripple digital payment network. Built for digital payments, XRP touts itself as a faster and more efficient way to power global payments. Ripple and XRP also allow for third-party development on other uses for XRP.

Tether

Tether (USDT) is a fiat currency tied to the U.S. dollar. This keeps its value more stable, allowing Tether to present itself as a stable cryptocurrency alternative to cash deposits and withdrawals. Amid high volatility with other cryptocurrencies, Tether’s value hovers around $1 on account of its tie to the U.S. dollar.

Cardano

Cardano (ADA) uses a technology called Ouroboros, a peer-reviewed blockchain protocol. It describes itself as a more secure and scalable way to maintain decentralization.

Stellar

Stellar’s native cryptocurrency is the Lumen (XLM). Stellar is designed as an “open network for storing and moving money” that allows people to create, send, and trade digital money. It’s designed to sell and trade all digital monies, not just Stellar’s own associated cryptocurrency, the Lumen — although you’ll need to own some Lumen to make transactions.

Chainlink (LINK) uses “real-world data and off-chain computation while maintaining security and reliability,” according to its website.

Uniswap

Uniswap (UNI) is a decentralized crypto exchange that operates on Ethereum’s blockchain. Its developers promise to get rid of unnecessary intermediaries, which it says gives users more control.

Polkadot

Polkadot (DOT) says its mission includes allowing different blockchains to exchange information and transactions with one another. Its website plays up data and identity security and users being in control.

USD Coin

USD Coin (USDC) describes itself as “the world’s digital dollar.” Created by a global financial firm called Circle, USDC is the result of work that has been invested in by Goldman Sachs, Baidu, and IDG Capital, among others. USD Coin is tied to the U.S. Dollar, which makes its price much more stable than other cryptocurrencies. That stability lends itself more toward digital payments, while other cryptocurrencies have more potential to increase in value as investments (along with more risk of losing value, of course).

Bitcoin Cash 

Bitcoin Cash is a peer-to-peer electronic cash system, which was the original intention of Bitcoin. The currency allows you to send money anywhere for very low fees.

While each of these top cryptocurrencies is unique in its own way, they all tie into an underlying principle called  decentralized finance (DeFi). 

Decentralized Finance 

In its simplest terms, decentralized finance refers to financial activities conducted without the involvement of a traditional bank. 

Think about all of the activities in which you’d normally use a bank or some other financial institution — getting a loan, insurance, investing, even using a credit card. “All of these [activities] are traditional-finance based and have intermediary companies,” says Ollie Leech, learn editor at CoinDesk. “Now people are creating these products in a completely autonomous way with [cryptocurrencies].”

It can seem counterintuitive — where else would you go for a loan, if not an established lender? But that’s one of the appeals to DeFi, says Leech. 

In the same way people have increasingly brought “smart” technology into their homes, proponents say cryptocurrency has potential to automate and digitize more and more aspects of the financial system. The appeal of this happening outside the conventional — or centralized — finance system depends on who you ask. 

Many Americans may not understand the appeal of a finance system that operates beyond government control. But things can be very different in countries with less financial stability, says Roger Aliaga-Díaz, principal and senior economist with Vanguard Investment Strategy Group. If cryptocurrencies offer as much or more stability as a given national currency, it’s an entirely different equation than if your national currency is the safe and stable U.S. dollar.

Just like there are different types of accounts and tools in conventional finance — from savings accounts to investment accounts to credit cards — that are used for different purposes, different cryptocurrencies can have similarly unique uses in this emerging decentralized finance system.

Instead of going to a bank to draw out a loan, you might “go to a decentralized application that’s not owned or operated by anyone in particular,” says Leech. 

Where conventional loans involve humans at a bank who take part in processing, reviewing, and approving loans, a DeFi loan — with funding in the form of cryptocurrency — could run via app on a network like Ethereum with an algorithm processing it. The borrower would put up some cryptocurrency as collateral, which they’d get back minus interest when they repay the loan.

“The code runs autonomously using smart contracts,” Leech says. “So once the developers release the data they’re pretty much hands-off, and everything runs automatically so there’s no intermediary.” 

Ethereum’s website offers a comparison chart contrasting decentralized from traditional finance. Along with these technical differences, a big consideration to keep in mind is that the conventional financial system is regulated to serve the interests of everyday customers, while cryptocurrency and decentralized financial systems are largely unregulated, and subject to governance and oversight only by their creators/users.

Unlike the money kept in a bank account, money you have in crypto may not be FDIC insured. Some exchanges offer this insurance while others don’t — something you’ll want to look into before buying crypto from one or another. For exchanges that don’t offer this insurance, there’s no guarantee you will be repaid if there is a hack or the exchange goes out of business.

You hold your moneyMoney held by financial institutions Transfers happen in minutesPayments can take days to processTransactions are pseudonymous Financial activity is coupled to your identity (social security number, name, address, etc.)Market is always openMarket closes Built on transparency – anyone can inspect the systemFinancial institutions are closed books.comparison-table tr td:nth-child(){border-left: 10px solid #5bffb1;border-right: 10px solid #5bffb1;}.comparison-table tr:first-child td:nth-child(){border-top: 10px solid #5bffb1}.comparison-table tr:last-child td:nth-child(){border-bottom: 10px solid #5bffb1}

With that in mind, here are some of the broad categories of cryptocurrencies that tend to organize the market.

Digital Gold

Digital gold refers to cryptocurrency comparable to real gold in its ability to store and increase in value. There’s a limited amount of gold on earth, in the same way that digital gold cryptocurrencies have a limited supply. 

“People buy gold not because they expect to be able to go to the store and spend it, but because they expect it to hold its value and maybe, probably, increase in value over time,” says Galen Moore, director of data and indexes at CoinDesk. 

The primary example of a digital gold cryptocurrency is Bitcoin, though that was not its original intention. Bitcoin was originally put forth as an electronic peer-to-peer cash system, but its volatility, among other things, limited its potential for that purpose. 

In use, such digital gold cryptocurrencies are bought and held, “for the same reason people would have diamonds, or some $100 bills, or some gold coins in a safe,” says Moore. Litecoin is another example — it’s been described as silver to Bitcoin’s gold.

Digital Cash or Internet Money

Internet money is exactly what it sounds like — you use it to buy things over the internet. 

Bitcoin was originally intended to be digital cash, but speculation led to the creation of another cryptocurrency, Bitcoin Cash (a variation of Bitcoin). Bitcoin’s price was too volatile for it to be a suitable currency, which proponents for Bitcoin Cash argued was the entire point of the currency to begin with. 

“There was a big debate about what the future of Bitcoin was going to be. Was it gold or was it cash? The people who wanted it to be more like gold won out,” says Moore. The decision was a “turning point for Bitcoin where it really went down to be digital gold.” 

But the group that wanted Bitcoin to remain internet money split off — or forked, in crypto parlance — the currency and created Bitcoin Cash. The network is devoted to digital payments (with faster processing and lower fees). In these ways, Bitcoin Cash is “meant to be cash. That’s the value proposition,” says Moore.

Though Bitcoin Cash is designed and intended for transactions, its price is still volatile and probably not your best option for making or receiving payments. 

Software Platforms  

Ethereum represents another type of cryptocurrency: It operates as a cryptocurrency network and along with its native cryptocurrency, Ether, offers a programmable crypto environment for developers. Similar to how smartphones allow third-party apps to be downloaded and used, Ethereum allows developers to create “dapps” — Ethereum-based apps that tap into the network. 

Investors can buy Ether just like they can buy Bitcoin, hoping it increases in value. Ethereum’s programmable network allows for other, more customizable uses. One example is the creation of NFTs — nonfungible tokens — that caught the attention of people far beyond the cryptocurrency community this year. NFTs are Ethereum-based digital assets, which hold value based on demand and supply on the Ethereum network.  

Stablecoin or Digital Fiat

A stablecoin pegs its value to some other currency or commodity. A digital fiat represents a fiat, or government-backed, currency on the blockchain, says Moore. One of the most popular examples of a digital fiat is Tether, a cryptocurrency whose value is pegged to the U.S. dollar. 

Tether is a system that enables you to have a cash-like currency that is always worth $1 — but only on cryptocurrency exchanges. A digital fiat like Tether comes in handy when you want to quickly move your assets within a cryptocurrency exchange. For example, if you think the market for smaller, more unpredictable coins is going to crash, you might put your money in a stablecoin like Tether, and then buy back at a lower price after the crash, says Moore. 

Stablecoins enable the exchange to flow better, says Moore. Taking the previous example, you could theoretically cash out your smaller coins for actual dollars, and then reinvest those dollars after the crash, but it could take days to convert your coins into dollars and back again, says Moore. 

Memecoins, and Other Strange Cryptocurrencies

There are thousands of cryptocurrencies available. Many of them have little to no value, and no discernable value proposition, which lands them in the category of memecoins. Experts recommend avoiding investing in this category of coins and sticking with more well-known options like Bitcoin or Ethereum, if you decide to invest in crypto at all. 

Whoppercoin and PutinCoin fall into this category of cryptocurrencies, as does another famous memecoin of recent fame: Dogecoin. While Dogecoin has seen a rise in demand — and thus value — in recent weeks, it still is highly volatile, as evidenced by its drop in value when Tesla CEO Elon Musk made it the subject of a joke on a recent episode of “Saturday Night Live.”

Any cryptocurrency that’s not Bitcoin is referred to as an “altcoin.”

Bitcoin, Litecoin

Bitcoin Cash, XRP

Ethereum, Cardano, Polkadot

Tether, USD Coin

Dogecoin, PutinCoin, Whoppercoin

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Planning to invest your hard-earned money and looking for the most profitable investment? If yes, then you must consider investing in cryptocurrencies. The reason being, cryptocurrency is one of the easiest and fastest ways of earning huge amounts of profit and comes in various types. However, all types of crypto are profitable and risk-free, but we recommend you invest in Chainlink. The Chainlink is that type of cryptocurrency which motivates the global networks. The decentralized oracle network provides reliable temper proofs inputs and outputs for smart contracts on the blockchain. Chainlink crypto price has dramatically expanded the intelligent contracts capability by enabling access to real-world data, payments, events, and more without sacrificing security.

Together with this, you can invest in Chainlink in just a few steps for the purpose of earning maximum profit. If you plan to trade your Chainlink frequently and only plan to hold a small amount of the Chainlink you can leave it on the exchange wallet. But it is mentioned that this is the least secure way to store your Chainlink. And also the reliability guarantees of the Chainlink inherent to the blockchain technologies. If you want some more about the Chainlink, continue reading this article.

Chainlink is a cryptocurrency that has aimed to motivate the global network computers to provide real-world and reliable data to smart contracts running on top of the blockchain. Smart contracts are agreements that are programmed to execute when and if certain conditions. These smart contracts searching to replicate bonds and assurance agreements may need access to APIs reporting on the market price. Every oracle in the chainlink network is motivated to provide accurate data since the reputation score is assigned to reach. Concerning the security level it offers, a chain link fence is referred to as hurricane or cyclone fencing. It is just because it is made up of interlocked steel wires and securely coated. It is made to have a vertical zig-zag pattern that is connected to form a shape of a diamond.

The Chainlink project aims to provide compatibility amongst Ethereum, Bitcoin and allow the bank and the system’s payment services. The primary purpose of Chainlink is to secure the interest of users who are investing in the crypto world. The Chainlink is preferred for its economic advantages, affordability, and durability. One of the main aims of Chainlink is to decentralize intelligent contracts and increase the security of data as well as accuracy. The smart contracts company, referred to as the backbone of Chainlink developers, has been engaged since 2014 in contract automation. Besides, it has cooperated with the most prominent companies like Oracle, Google Cloud, SWIFT inspires confidence. The LINK tokens can be a good investment tool given by the technological capabilities and the goals set by the Chainlink project.

Who has watched the crypto charts as of late can speak well on the popularity of Chainlink. This popularity stems from a variety of different sources, including the firm’s unique business model. Instead, the cryptocurrency platform wants to advance the entire sector through its unique protocols. For many other space projects, Chainlink does not seek to compete against another cryptocurrency. Chainlink is a very safe and secure platform that anyone can invest in this fearlessly. If you also want to make an investment in Chainlink, it can be the right one to buy LINK.

The Chainlink attempts to rectify the big problem facing the blockchain sector is communicating information from and to the blockchain. This task was accomplished by the sensors known as the oracle, which can be set to monitor anything nearly. The oracle provides a reliable way to initiate the smart contract when the outside parameters are met. If the oracle becomes corrupted, it puts the whole network at risk.

The Chainlink is quite different from purely speculative projects, and it is safer as the Chainlink can bring substantial returns. The cryptocurrency is suitable for long-term investment as well as a short-term investment. If you are searching for something to invest in, Chainlink can be the best option for you. The Chainlink is a secure platform that converts your funds to maximum profit. The Chainlink provides various security features intending to save the interest of users.

The Chainlink is referred to as the most prominent cryptocurrency and shows tremendous growth. It presents the ideal combination of the project with the right technologies and has enough resources for further developments. And you know the best part of the Chainlink is it possesses an excellent community. Investing in the Chainlink will be beneficial for you as it trades in the crypto ecosystem. With a five year investment, the total revenue of Chainlink is expected to be around 390.12%. Read about – Binance Coin Price

Last few years, Chainlink burst into the list of top 10 cryptocurrencies in the market of capitalization. At the beginning of this year, the Chainlink cryptocurrency price increased by 830%, overtaking bitcoin and other liquid coins. At the beginning of the year 2021, the Chainlink again hit the previous records. Some experts have said that the reason for this success and burst is the demand for a service. In the decentralized oracle market, Chainlink becomes a monopolist, and their oracles are the industrial standards. Changelly treats the Chainlink as a cryptocurrency concerning it is a promising project. The coin is traded against several cryptocurrencies and is always ready to be swapped over 160 digital assets on this platform. According to the long forecast service, Chainlink will gain momentum and reach $125 by the end of 2025.

Chainlink Price in USD or INR Calculator

The Chainlink is a cryptocurrency that has been going absolutely to the symbolic and shooting the previous records, and now it is at the 5th biggest crypto. If you are also looking for something to invest in, the Chainlink is safe and secure for you. Chainlink price in USD or checkout the Chainlink price in INR or other currency before investing. I hope this article will help you and you get the entire content you are searching for.

Chainlink’s Price Reference Data Feeds are the most widely used decentralized oracle networks in the DeFi ecosystem, providing a tamper-resistant and highly reliable source of financial market data on cryptocurrencies, stablecoins, commodities, FX, indices, and more. With Chainlink Price Feeds now securing billions of user deposited funds for leading DeFi applications such as Aave and Synthetix, we are constantly working on building additional security features for our users so the DeFi ecosystem can continue to scale to secure more value.

Given our security focused approach, we are proud to announce the launch of the Chainlink On-Chain Data Directory using ENS, which creates an easily-identifiable on-chain index of Chainlink Price Feed addresses, providing users with additional assurances that they are relying on and/or sending funds to the right on-chain address. The Ethereum Name Service (ENS) is a decentralized protocol for the creation of human-readable domain names that point to specific on-chain addresses or contracts. Because ENS stores all metadata on-chain, as long as the Ethereum network continues to operate, users will be able to discover and connect their contracts to Chainlink Price Feeds in a straightforward and decentralized manner.

The key benefits of the Chainlink On-Chain Data Directory include:

Currently, Chainlink Price Feeds are discoverable on both our feeds page and developer documentation. With the Chainlink On-Chain Data Directory, we are increasing the decentralization of how people can access Chainlink Price Feeds in addition to our current resources. The On-Chain Data Directory also makes it easier for various smart contracts to securely consume various Chainlink Price Feeds, as all domain names are clearly stated with human-readable names relevant to the particular feed. This is the first time a tamper-proof on-chain directory of oracle networks has been created, and we believe that this will improve both the developer and user experience of both discovering and tracking changes to Chainlink Price Feeds.

Leveraging the ENS protocol, Chainlink will be using the data.eth domain name to provide human-readable subdomains for each and every Chainlink supported Price Feed live on the Ethereum blockchain. Domains for each price feed can be easily accessed by simply appending the name of the price feed to the front of the domain, such as eth-usd.data.eth. Additional domain names include:

The usage of data.eth subdomains ensures that even if the Chainlink feeds page and documentation experience an unforeseen issue, users can still have access to the Price Feeds they need for their smart contract applications. To utilize these domain names, users can perform a simple search on the ens.domains website, use a trusted block explorer like Etherscan, or use their own Ethereum full node to query on-demand for the current addresses of a feed solely using on-chain data. Additionally, developers can utilize these domains to track upgrades to Chainlink Price Feeds, as every change to an ENS domain generates a standardized on-chain event that developers can easily find, removing the need to manually search for changes.

Smart contracts can also utilize the data.eth subdomains to ensure upgrades are seamlessly supported without any integration work from developers. The data.eth domain name and its subdomains are managed via a distributed multi-signature contract, which will continue to decentralize over time through the addition of other key ecosystem stakeholders, further ensuring the integrity of data.eth subdomains. With the support of ENS, we will continue to make it as seamless as possible for users to discover and connect to Chainlink Price Feeds in a manner that’s decentralized end-to-end.

Through this integration of ENS domains, we hope to standardize the usage of on-chain domain names to track mission-critical smart contracts such as price reference data feeds. This ensures that both end-users and developers have full transparency on contract updates, easy-to-identify addresses when building smart contract applications, and censorship-resistant discoverability of new and existing Price Feeds. More information on the On-Chain Data Directory can be found in our documentation page.

If you’re a developer and want to integrate Chainlink Price Feeds into your smart contract applications, check out the developer documentation or reach out here.

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TL;DR Breakdown

Today’s Chainlink price prediction is bullish as the market has retraced almost 35 percent from the last all-time high of $53. Therefore, we expect LINK/USD to reverse latest his week and start to head towards further all-time highs.

The crypto market trades with substantial loss over the last 24 hours and sharp spikes lower were seen across the board overnight. Bitcoin trades with a loss of 7.6 percent, While Ethereum is down almost 8 percent. The rest of the market follows this pattern with various degrees of bearish price action.

LINK/USD opened at $40.72 after slight bearish close yesterday. Overnight, the Chainlink price moved towards further lows until support was found at the $35 mark. From there, bulls regained control and pushed LINK to retest the $40-$41 previous support area as resistance.

The LINK/USD price moved in a range of $35.24 – $43.88, indicating severe volatility. Trading volume has increased by 25 percent and totals almost $3 billion. The total market cap stands at $16.8 billion, ranking the cryptocurrency in 13th place overall.

On the 4-hour chart, we can see the market rejecting further downside after a brief test of the $35 mark overnight, indicating that the market might reverse back to the upside this week.

Chainink price action continues trading in a bearish momentum over the past days after setting a new all-time high around the $53 mark on the 10th of May. Since previously LINK/USD gained more than 70 percent from the $30 low at the end of April, we can expect a similar upswing once the current retracement ends.

Right now, LINK/USD still retraces and is in a bearish short-term trend. However, since the market has already retraced more than 30 percent to the $35 low, we expect a reversal to be seen soon.

Currently, the Chainlink price action retests previous major support around $40-$41 as a resistance. If the market fails to move above this resistance, we can expect further downside later this week, with the next support around the $33 mark.

Alternatively, if the $40-$41 resistance breaks, LINK/USD should start moving sideways and set a higher low, from which to establish a base to move higher later this week.

Chainlink price prediction is bullish as the market rejected further downside overnight and currently trades below the $40-$41 resistance. Therefore, if bulls can push LINK/USD above this price point, we expect further upside over a week.

While waiting for further Chainlink price action development, read our latest guides on investing in Bitcoin, Litecoin mining software, and Ethereum mining pools.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Cryptocurrencies must be connected to the real world, and oracles solve this task. And so what is Chainlink oracle network? Chainlink network is one of the most trusted in this industry. Keep reading to understand what is Chainlink crypto and how oracles work.   

Blockchain oracles are a trusted data source that sends information to the blockchain for use by other smart contracts. This agent can be software, hardware, or human.

An oracle is a means for smart contracts to access data from the world outside the blockchain. As a type of smart contract itself, oracles take data from the outside world and place it on the blockchain to fulfill conditions within other smart contracts. Oracle offers the potential for blockchains to interact in real-time with everyday objects, including smart devices and other digital information.

It is worth noting that the oracle itself is not a data source, but rather one layer that queries, verifies and authenticates all readings from external sources and then relays this information. The data transmitted by oracles are various. This can be price information, successful completion of a payment, or temperature measured by a sensor.

Oracles open up smart contracts for a wide range of applications:

The Chainlink crypto provides data for smart contracts. It can be used to link real events to the terms of a contract. The project is called a bridge between the real world and blockchain technology.

According to Chainlink news, its ICO ended in September 2017, the project raised $32 million.

This altcoin is based on the Ethereum blockchain and is an ERC-677 standard token. It is used to pay node operators for providing data for smart contracts and also for deposits placed by node operators.

Storage on cryptocurrency exchanges is acceptable if the user works with a small number of coins. However, this option does not have a sufficient level of reliability. So, it is better to use wallets for this purpose. To store LINK cryptocurrency, it is recommended to use any wallet that supports Ethereum. 

Chainlink is a decentralized oracle network, which connects blockchain with apps and platforms in the real world. With oracles, data can be uploaded to the blockchain, allowing Chainlink smart contracts to interact with the external world.

Oracles are necessary to create and run decentralized applications and smart contracts based on all sorts of external data. Chainlink builds a robust environment for oracles that can be used by blockchain, providing a link between the digital and real world. 

Moreover, smart contracts need a connection to form inputs that affect their work and can change their state and outputs to trigger actions in the external world, such as the transmission of rights to assets.

Chainlink developers do their best to create a decentralized oracle network that is more reliable than centralized platforms that provide similar services.

The oracle services on Chainlink create movement in the blockchain space through their broad functionality. They act as bridges that allow multiple blockchains to interact with internal and external resources, such as market data.

When news broke that China’s blockchain service network (BSN) was integrating Chainlink decentralized oracles into its network, the price of communication rose to new heights. Plus, the integration has been made easier with the IRITA service.

Chainlink aims to accelerate the adoption of smart contracts as the dominant form of digital payments by enabling them to use popular tools such as DeFi. Chainlink has been active in the blockchain space and has recruited over 300 projects.

As for Chainlink coin news, the most recent integrations include Agoric, which links Chainlink’s technology for developing smart contracts with JavaScript. This attracts more developers who can invest their time in creating faster, more customizable data streams.

Chainlink is a promising asset. The LINK crypto price is volatile. The World Economic Forum rated it one of the top 100 startups in the latest list of technology innovators. So, this project is promising, and oracles are a robust mechanism that simplifies communication between smart contracts and the outside world. They have great potential to introduce safeguards that could remove much of the systemic risk from the blockchain ecosystem. 

You should remember that no one knows for 100% what the future will bring to the Chainlink project.

If you believe in the Chainlink crypto coin, need to exchange it, or want to know how the LINK coin price changes – Chainlink Price Prediction 2021, use StealthEX. The platform allows users to read recent Chainlink (LINK) news and exchange more than 350 tokens. 

Exchange LINK crypto on StealthEX with a low fee. 

You can study a detailed article with an exchange guide, watch a tutorial video on our YouTube channel, or just go to StealthEX and follow these easy steps:

The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk. You should conduct your own research when making a decision.

March 10, 2021

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice

The crypto-market has been on a roll lately, with Bitcoin, the world’s largest cryptocurrency, leading the charge with its price performance on the charts. Thanks to the correlation it shares with the rest of the market’s alts, when BTC rallied to $47,500-$48,000, so did the rest of the altcoin market, including the likes of Chainlink.

At the time of writing, having finally breached the much-anticipated psychological resistance level of $30, the crypto was trading at $30.82.

Chainlink daily chart

Chainlink’s daily chart highlighted bullish momentum coursing through its market. While the digital asset’s value did hit a price peak, the trend did not change, indicating that users are still holding their alts close and are unlikely to sell anytime soon.

However, the market may soon see a drop in value, one before it can continue trading at the same price level.

Reasoning

The price of Chainlink has been pushing higher for a while, and it was doing so even during Bitcoin’s consolidation phase. However, now that the price is surging on a daily basis, LINK has reached its peak. At this point, the volatility in the market will hike, as suggested by the divergence of the Bollinger Bands. Meanwhile, the signal line highlighted the upwards trending price on the charts.

The 50 moving average may act as support in case of a breakdown. However, this would be only possible if the selling momentum increases. Further, the Relative Strength Index suggested that LINK had moved into the overbought zone, at the time of writing.

At a high price, the volume has to support the value of the digital asset, therefore, even if there is selling pressure in the market, the bullish trend may ward it off and make sure LINK is positioned higher on the charts.

Conclusion

Although bullish, there might be small corrections visible in the Chainlink market. Given the bullishness, the change of trend in the long-term may not last. It will be taken over by the buyers in the LINK market. Given strong network activities, the LINK community has been supportive of the developments which have translated into the high value of the digital asset. This momentum may push LINK’s price further along the price scale.

Bitcoin will not replace gold, but is it trying to?

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Namrata is a full-time journalist at AMBCrypto covering the US and Indian market. A graduate in Mass communication, while majoring in Journalism, she writes mainly about regulations and its impact with a focus on technological advancements in the crypto space.

Chainlink Price Analysis: 18 February

Chainlink Price Analysis: 11 February

Chainlink Price Analysis: 05 February

Chainlink Price Analysis: 27 January

Chainlink Price Analysis: 23 January

Chainlink Price Analysis: 16 January

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice

Chainlink’s price has been on the rise since the start of the week. In fact, this has been the trend across the larger crypto-market lately, especially on the heels of Bitcoin’s bull run. Interestingly, even after having risen by over 11 percent, LINK may now be heading towards a trend reversal, one which may result in a slight correction on the charts. 

At press time, LINK was being traded at $28.1 with a registered market cap of over $11 billion, making it the 9th-largest cryptocurrency in the market.

Chainlink 4-hour chart 

According to the 4-hour chart for LINK, the coin has been trading within the confines of an ascending channel since the start of the month. In the short-term, this may result in a minor price correction as the breakout of an ascending channel formation is often in the bearish direction. 

The coin was enjoying a strong resistance level in the $27-$28 range and if the price fails to go past this level, the coin may retrace towards the support at $25.7.

Rationale

Chainlink’s price may soon see a price correction in the short-term if the resistance remains strong. The RSI indicator had moved away from the overbought zone momentarily and at press time, was retracing its steps back into the overbought zone. 

Further, the MACD indicator witnessed a bullish crossover at the start of the week, but at press time, showed that there was a slightly higher chance that it may soon register a bearish crossover as the Signal line was close to going past the MACD line.

Important levels to watch out for

Resistance: $27.7, $28.6

Support: $25.7, $23.7

Entry: $27.9

Take Profit: $26.2

Stop Loss: $28.3

Risk/Reward: 3.9

Conclusion

After having traded within an ascending channel formation, LINK’s breakout may be slightly bearish if it fails to go past the key range of resistance highlighted on the chart. In such a scenario, the crypto may head towards the support at $25.7 in the coming days. However, if the range is breached, the coin may continue to head upwards, with LINK likely to flip the resistance into a strong support for the cryptocurrency. 

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Jude Gerald Lopez is a full time News Editor at AMBCrypto covering the US and Indian market. He is a post-graduate in English literature with around 4 years of teaching experience in Indian literature.

Chainlink Price Analysis: 18 February

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Chainlink has helped to produce dynamic NFTs that are being used for multiple activities in blockchain today. To further analyze the contributions of Chainlink to the evolution of NFTs, it is important to understand the concept of NFTs.

NFTs are blockchain-based tokens that represent ownership of a particular asset. With NFTs, tokenized ownership can be claimed on a variety of digital assets, such as unique digital trading cards or digital art. Besides, NFTs vary from fungible tokens due to their uniqueness.

Bitcoin, as a fungible token, can be traded for another BTC. In the case of NFTs, each one is unique and has a representation of digital scarcity. This implies that multiple types of a particular NFT can hardly be found. These unique items can be stored as data on the blockchain. These NFTs are listed and traded on the blockchain to make them globally accessible, more liquid, and transparent.

NFTs are gradually evolving from static NFTs to dynamic NFTs. Therefore, it implies the use of oracles by smart contracts to interact with systems and data. Through such oracles, NFTs can use these systems and data as a means to promote peer-to-peer trading, burning/minting of NFTs, etc.

Through Chainlink oracles, developers have been able to link their NFTs to web APIs, IoT data, and other data providers. Developers can also leverage on the Chainlink Verifiable Randomness Function (VRF) to achieve verifiable randomness, promote cyber-physical systems, and connect to back-end systems.

These connections can be used in the creation of dynamic NFTs. These dynamic NFTs interact with data and can be integrated with infrastructures that already exist on blockchain. Chainlink uses off-chain data sources to enable dynamic attributes to NFTs. One of these attributes is the creation of randomness using NFTs.

Chainlink VRF helps to create dynamic NFTs that seek a secure source of randomness. Chainlink VRF “utilizes verifiable random functions to generate randomness that is verifiable on-chain.” Unlike other random number generator (RNG) solutions, Chainlink VRF is both auditable, secure, and also accessible on-chain to all users.

It has a system of operation which goes thus: the NFTs will send requests for randomness. Then, Chainlink will generate randomness and send proofs to the VRF contract. In turn, the VRF contract will verify the randomness before the NFT will receive verified randomness.

When smart contracts submit an NFT to Chainlink, Chainlink nodes will use that seed to generate a random number. After that, the result will be published on-chain. Alongside the result will be an associated cryptographic proof which will verify the accuracy of the computation.

This computation will undergo verification by using the oracle’s public key. Not only that, the NFTs will also be employed in the verification process. With Chainlink VRF, accessing random numbers in NFTs has become very easy and secure. Some online gaming platforms and conflict resolution processes have leveraged on Chainlink VRF to promote fairness.

In addition to achieving randomness, Chainlink oracles also leverage on NFTs in reward systems. Therefore, NFTs can now be used to reward customers with digital tokens. Companies can decide to mint special coupons as NFTs for their users instead of giving out paper or digital coupons.

As a means of reward, these minted NFTs can be linked to the participation of the customer. This is where Chainlink comes in. Chainlink uses IoT data in minting these coupons, according to verifiable attendance. Also, NFTs can be used to represent unique digital assets that interested hobbyists can collect, such as rare cards, digital media, etc.

Chainlink also helps in utilizing NFTs for verification of authenticity. Once NFTs are interfaced with existing systems, they can be used to track and verify unique assets. This shows how well dynamic NFTs can be used in different use cases.

Overall, Chainlink has been very instrumental to the evolution of NFTs to become dynamic NFTs, capable in carrying various purposes. To this effect, Chainlink always calls on developers to come build dynamic NFTs on its platform.

Before now, Fuse Network entered into a strategic partnership with Chainlink to guarantee secure, reliable. and efficient minting and auditing of its collateralized stablecoin, FuseDollar (fUSD).

As of the time of publication, Chainlink (LINK) price was $28.20 with a 24-hour trading volume of $869,214,274. LINK price also dropped by 0.1% over the last 24 hours. Besides, it has a circulating supply of 416 million LINK coins and a max supply of 1 billion.

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For more cryptocurrency news, check out the Altcoin Buzz YouTube channel.

TL;DR Breakdown

A report released by a Citi Group team earlier this week has suggested that Chainlink may surpass Bitcoin. The cryptocurrency named Bitcoin was at a juncture and could become the desired currency for international Trade in about seven years from now. 

The report further likened Bitcoin to the “North star evolving in the digital space,” giving bearings to “enhancing the wide crypto commerce ecosystem.”

In the report’s climax section, the role Chainlink plays in the smart contract space of blockchain technology was explored. They cited that Chainlink was listed in the 100 most promising technology pioneers list of the World Economic Forum for 2020. And this stands as a significant recognition coming from such Forum.

Also, Chainlink progressed beyond the mere Ethereum network by being adopted on other blockchains like Tezos and Polkadot. Due to this, the platform’s technology’s continual usage would birth the potential of making the LINK token gain an edge, and Chainlink may surpass Bitcoin as described below. 

“Utilization of the chain-link network by developers requires a payment by the protocol’s native token, which is LINK. Thus any token which helps the growth of the on-chain ecosystem could also move the development of Bitcoin as time passes, as this becomes a critical key to the operation of the blockchain infrastructure.

It is now possible for anyone to visualize commerce-linked or infrastructure-linked coins that could later catch up with Bitcoin. As a result of this, an increasing number of possibilities could emerge. Advancement in terms of innovations in the chain-based ecosystem is rapidly increasing. 

Today’s offerings may provide a path to a new invention that would gather more considerable amounts of assets and attention than Bitcoin. With this analysis, Chainlink may eventually surpass Bitcoin. 

We are pleased to announce that Chainlink (LINK) will be listed on LCX Exchange.

Chainlink connects decentralized peer-to-peer networks and smart contracts to real-world data, events, and payments. LINK token is Chainlink’s utility token, developed on Ethereum Blockchain, which powers the Chainlink decentralized oracle network.

Chainlink is one of LCX’s long-term partners. LCX is a data provider to the Chainlink network, providing reliable and compliant reference prices to the decentralized finance (DeFi) ecosystem. LCX is doing this in our role as registered Price Service Provider at the Financial Market Authority and in accordance with the Liechtenstein Blockchain laws. 

Deposits: 

Starting on March 23rd 2021 at 1:00pm CET, customers will be able to transfer LINK into their LCX account. Customers will not yet be able to transfer this to their LCX Exchange wallet or place orders as trading has not started. 

Trading Pairs:

LINK / LCX starting on March 24th at 10:00 am CET

LINK / BTC starting on March 25th at 10:00 am CET

How to deposit?

LINK deposit processing times 

30 confirmations are required before deposits will be visible in your wallets. This will take approximately 6 minutes.

Important Note: Trading cryptocurrency is complex and comes with a high risk of losing money.  You should carefully consider whether trading cryptocurrencies is right for you and take the time to learn how trading works and decide how much money you are prepared to lose. This content is not financial advice and should not form the basis of any financial investment decisions nor be seen as a recommendation to buy or sell any good or product.

Whatever the team at the Chainlink Network is doing, they are doing it pretty well. The Chainlink token (LINK) has even surpassed price expectations, even with the current bullish run in the crypto market.

While many other cryptocurrencies, including Bitcoin, have stalled in the past few days, Chainlink seems to be gaining momentum. Bitcoin has retracted in price, but altcoins like Chainlink are still making serious gains in the market.

According to a recent analytics report by Santiment, Chainlink has grown its number of new addresses to 143% higher than it was back in October.

— Santiment (@santimentfeed) January 23, 2021

Chainlink is a decentralized oracle provider that has gained massive usage both within the blockchain and crypto space.

On Saturday, the LINK token reached an all-time high after a massive price increase for several hours. Its performance means it has leapfrogged Litecoin (LTC) to become the 7th largest crypto asset by market cap. Litecoin’s market cap is about $9.6 billion, while LINK’s market cap is now $10 billion.

Although LINK’s price retracted below the $25 level, it shot further up to hit $25.17 on Monday, representing a 3.6% surge in less than 24 hours. Within a week, LINK has made up to a 14% gain, making it the second-best performing crypto asset, with Ethereum the only coin ahead.

Interestingly, the cryptocurrency traded around $2-$3 barely a year ago. Those who had faith in the token at that time are reaping their rewards for their patience now.

LINK is not the only altcoin to gain significantly in the past few days. Polkadot has gained more than 7% to maintain its place as the fourth-largest crypto coin by market cap, overtaking Ripple’s XRP in the process.

XRP has been the victim of a serious legal case the SEC has filed against its parent company Ripple. The coin lost most of its value after major exchanges distanced themselves from the token.

Bitcoin started falling last week when it dropped below $29,000. The top cryptocurrency experienced intense selling pressure when investors cashed out from the market to retain the gains they have accumulated over the past few weeks. But it is gradually bouncing back to that level and has lacked any serious price movement for the past few days.

However, Ethereum (ETH) also hit an all-time high of $1,450, which is a tiny fraction higher than its previous all-time high record of $1.440 in 2018.

Last week, Chainlink capped off an eventful month by awarding a Chainlink Community Grant to support the UNICEF Innovation Fund, which finances early stage, open-source technology benefiting children in emerging markets, and the UNICEF CryptoFund – a new financial vehicle that allows UNICEF to receive, hold and disburse cryptocurrency.

The Chainlink Community Grant will help UNICEF support startups building blockchain-based solutions through funding, mentorship and technical expertise, with the goal of accelerating blockchain as a force for good, especially in areas of the world where innovative solutions are needed most.

“We’re looking forward to working with Chainlink to provide domain-specific expertise related to data and smart contracts and additional resources to help expand the capabilities of startups in emerging markets who are building digital public goods for those who need them most,” said Sunita Grote, Venture Lead at UNICEF. 

In exploring the applications and benefits of blockchain technology, UNICEF is focused on three main initiatives: leveraging innovative financing models to distribute resources, increasing the efficiency and transparency of processes, and incentivizing and encouraging the creation and maintenance of open-source digital public goods.

Grote said UNICEF is tackling this three-pronged approach by researching and prototyping both internally and with collaborators. “We always look to work with partners that share in our vision of narrowing the gap between technologies and the people we need to reach,” she said. 

“With Chainlink, we will continue exploring – through our Innovation Fund, but also our larger blockchain initiatives – how blockchain and cryptocurrency can drive more transparent and globally accessible investment in open source solutions that solve the most pressing challenges facing children and young people.”

One of the biggest challenges facing blockchain projects is being able to connect and utilize various off-chain data. “Chainlink will help our teams better understand and leverage the benefits of decentralized oracles and utilize smart contracts efficiently,” Grote said. Furthermore, bringing off-chain data on-chain will help UNICEF establish more fair and transparent systems.

One such use case for smart contracts is Giga, a global initiative to connect every school and every student to the internet. Smart contracts can automatically execute payment to internet providers when pre-established conditions are met based on real-time, transparent connectivity data. 

Chainlink’s support of UNICEF’s Innovation Fund and CryptoFund will also benefit companies that are developing and adapting solutions to the ongoing Covid-19 crisis. For example, StaTwig, which previously received funding from the Innovation Fund, is piloting a blockchain-based app to track and improve the delivery of rice to millions living in poverty in India – a need greatly amplified by Covid-19.

In the coming weeks, UNICEF will announce several companies constituting its first blockchain cohort to receive investments in fiat and cryptocurrency. Selections will be made from 450 submissions from 77 countries. Grote said that chosen companies share a clear theme of “financial inclusion,” a vision made possible by oracles and smart contracts: “We look forward to Chainlink and other industry experts joining us in shaping these solutions for bigger social impact.” 

For more information about the projects UNICEF supports, visit strong> and trong>.  

Listen to UNICEF’s Sunita Grote talk about the Chainlink Community Grant on The Decrypt Daily podcast.

Decentralized exchange Mettalex has integrated Chainlink price feeds into its platform, according to an announcement earlier today.

Chainlink’s integration will enable decentralized price oracles for a variety of new assets including cryptocurrencies, crypto indices, real-world indices, fiat currencies, and the world’s most popular commodities.

Mettalex will also be able to utilize Chainlink’s price feeds on the Binance Smart Chain DeFi ecosystem owing to Chainlink’s recent integration with Binance Smart Chain.

Mettalex stated that one of the reasons Chainlink was chosen as their go-to oracle solution was their dedication to providing high-quality price data sourced from data aggregators to prevent flash loan attacks.

Humayun Sheikh, Mettalex Founder, and CEO stated, “Chainlink’s secure data feeds were a major driver of DeFi’s growth in 2020.”

DeFi price oracles aren’t the only area of expansion for Chainlink, however, as they were recently integrated with VR content ecosystem Dvision Network.

Dvision Network’s initial integration with Chainlink revolves around using these Price Feeds as the primary oracle solution in the NFT marketplace.

It will be used to calculate the exact gas fees incurred when creating NFTs, ensuring users have access to accurate, up-to-date data on the true costs of using the network.

Dvision Network CEO Jung Hyun Eom commented on the integration saying that,

“By using Chainlink to access reliable price feeds and determine the distribution of random NFT rewards, Dvision users have assurances that the digital goods created by their gameplay will be based on provably fair systems, as well as be exchangeable on the open market for fair-market values and governed by economic models that are permanent and stable.”

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Samyuktha is a full-time journalist at AMBCrypto. Currently pursuing her Masters in Finance and Business Analytics, she is interested in cryptocurrencies, fintech, and blockchain technology adoption across various sectors.

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The past week saw Bitcoin’s price surge by over 18 percent, with the world’s largest cryptocurrency trading close to $45,000, at press time. It should be noted, however, that following reports of Tesla investing over $1.5 billion in Bitcoin, BTC climbed to register a new ATH above $48,000, before corrections set in.

The question thus emerges – Does Bitcoin have enough momentum in the market to help it move higher on the charts?

Regardless of recent corrections, one can argue that Bitcoin is once again setting itself up for a strong rebound, one that could take it extremely close to the $50k-level. An interesting way to determine the market trend and sentiment for a digital asset like Bitcoin can be through price models like Santiment’s NVT Token Circulation model.

According to the data provided, Bitcoin has displayed a ‘semi-bullish’ signal for a 5th straight month. Ergo, despite the aforementioned price corrections, there seems to be significant bullish momentum for BTC on the price charts.

According to Santiment, this model can help ascertain fair value to coins in question by taking a closer look at the value transferred on the network in relation to the coin’s valuation such as the market cap. This enables one to determine whether the current price point is either undervalued or overvalued. In the case of Bitcoin, the market data revealed that given the bullish momentum for Bitcoin, further price discovery for the coin cannot be ruled out.

Interestingly, this sentiment seemed to be true for other notable cryptocurrencies in the market as well. For coins that have registered promising returns such as Ethereum and Chainlink, the NVT model highlighted adequate bullish momentum.

While Ethereum has registered the 10th straight month of a green bullish signal, it is the 13th straight month for Chainlink.

It is not uncommon for Ethereum to register an ATH on the back of Bitcoin’s bull run – the same has been true this week as well. However, the fact that prominent altcoins like ETH and LINK have been noting strong bullish sentiment also reignites the debate surrounding how independent of BTC, ETH’s price can be and whether or not a dominant alt season can unfold in the coming weeks.

Taking a look at its correlation with Bitcoin, over the past year, according to CoinMetrics’ data, one can see a slight dip in correlation. It should be noted though that this doesn’t imply independent movement of the altcoin. Instead, it only suggests that there have been a few cases where some of the altcoins have triggered bull runs on their own and in some cases, been resistant to price corrections in Bitcoin’s market.

In the case of Bitcoin, the coming week will determine whether or not it can drive a decent rebound on the charts. As per data provided by Santiment, two indicators pointed to a bullish outcome. In light of the fact that BTC’s active addresses and the exchange supply of stablecoins like $USDT continue to remain high, going by past precedents, a move north of the press time range shouldn’t be too far away.

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Jude Gerald Lopez is a full time News Editor at AMBCrypto covering the US and Indian market. He is a post-graduate in English literature with around 4 years of teaching experience in Indian literature.

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As a decentralized film financing network Mogul is working towards freeing the independent film industry of the existing challenges. The current independent film financing is opaque, lacks standardization and closing costs are high. Mogul is using blockchain technology to bring transparency and cost optimization to film financing. Furthermore, Mogul uses its STARS utility token for reward distribution and voting mechanism. Now it will use Chainlink oracles as a bridge between CAM and smart contracts.

Due to the lack of standardization, Mogul was facing costly financing procedures prior to using blockchain. That’s because the collection, analysis, and distribution of profits are difficult due to budget complexity and disparate parties. However, with the help of blockchain, Mogul has been able to lower its financing procedure costs. According to Mogul Productions’ Co-Founder and film advisory board member, blockchain in the film industry finds a perfect use case. That’s because it brings transparency to profit-sharing, expenses projection, crew, cast, and vendor payments.

Collection Account Manager (CAM) is an unbiased third-party auditor of all Mogul films. It ensures the revenue accounting is correct and profit is distributed timely. After the Chainlink partnership, CAM will leverage Chainlink oracles to relay data to the smart contracts. Moreover, the oracles will ensure the data is delivered to the smart contacts in a transparent, accurate, and reliable manner. With the Chainlink oracle integration, the investors of Mogul films will also receive reliable exchange rates on payouts.

According to Chainlink Business Development’s Head Daniel Kochis, “A Chainlink-powered decentralized oracle network will bring reliable on-chain data to Mogul’s democratized film financing solution, ensuring that financers are fairly compensated for their investments.”

Entering new verticals for blockchain and film together

Mogul is looking forward to exploring more opportunities with Chainlink. Interestingly, it is already using a digital asset token, a decentralized voting setup, a smart wallet, an in-app currency token system, and blockchain. However, the Chainlink integration will now facilitate the fair selection of investors and fair distribution of rewards. That’s because Chainlink oracles promise guaranteed transparency in film financing.

Mogul is quite excited about the partnership. To celebrate the same, it is conducting a $100 BTC super easy giveaway. Moreover, to participate in the giveaway, a user needs to sign-up in Mogul production and Chainlink Telegram. According to the announcement, Mogul plans to conduct more giveaways in the same group.

To celebrate our collaboration with @chainlink we've this super-easy giveaway! We'll contact 4 lucky winners Sat 14 Feb. Now we're accelerating towards our Platform Launch with lots of excitement to come. Join us!https://t.co/CukGVknnpL pic.twitter.com/JdkXOK9Ze5

— Mogul Productions (@we_are_mogul) February 11, 2021

In the last 30 days, the LINK token has enjoyed a price pump of 96.4%. Moreover, at the time of press, the LINK token is trading a little over $27.