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 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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The Chainlink market has been largely unaffected by the vast volatility impacting the altcoins and Bitcoin market. This could possibly be due to the reduced correlation between BTC and LINK. However, the price of the altcoin has been more or less been moving sideways for a while now and with a lack of volatility, this trend may persist longer.

Chainlink 1-hour chart

The above chart indicated the price has been moving along the same restricted range. However, this long period of consolidation has been bullish for the LINK market. Now that the selling pressure has been rising, the market trend may also witness changes.

Reasoning

The Bollinger Bands were converged earlier, but given the sudden selling pressure, the bands were now starting to diverge. Although the signal line remained under the candlesticks noting a bullish reign, this trend may change.

The 50 moving average was also under the candlesticks noting the price was moving upwards. However, the gap between the candlesticks and the MA was reducing indicating the price has now been sloping down.

The Relative Strength Index that was close to the overbought zone has now been moving towards equilibrium as sellers entered the market. The current value of the RSI was 52, which indicated the buyers and sellers were evening the trading pressure in the market. This could lead LINK to remain at the current level and continue to consolidate.

The Awesome oscillator noted the momentum in the market to be enough to keep the current phase going. However, the tussle between the traders could push the digital asset in either direction.

Conclusion

The LINK market was in a consolidation phase, at the time of writing. However, the coin has been devoid of much volatility until now, but a sudden switch in price could push the market towards the bears or the bulls. Traders may want to keep an eye on the market as it could swing any moment in the short term.

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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.

Cryptocurrency Filecoin (FIL) has entered the list of top 10 digital currencies in the world after the digital asset jumped approximately 40% in a single day. Filecoin is the 9th largest cryptocurrency in the world with a market cap of more than $13 billion.

According to the latest data published by Coinmarketcap, Filecoin is now more valuable than digital currencies like Litecoin, Chainlink, Theta, Stellar and Bitcoin Cash. The cryptocurrency is now up by more than 150% in the last 7 days.

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As of writing, Filecoin is trading near $220 with a total market cap of around $13.8 billion. The cryptocurrency experienced a significant jump in demand last month after Grayscale, the world’s largest crypto asset manager, added Filecoin to its list of investment trusts.

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Grayscale introduced five new digital currency investment trusts last month including Basic Attention Token (BAT), Chainlink (LINK), Decentraland (MANA), Filecoin (FIL) and Livepeer (LPT) investment trusts. Filecoin was trading at around $60 at the time of the announcement. The digital currency has gained more than 250% since Grayscale’s announcement.

The cryptocurrency asset manager announced yesterday in a Tweet that the company has more than $45.6 billion worth of digital assets under management. According to the latest details published by Grayscale, the company has nearly $7.8 million worth of Filecoin (FIL) under management. The company has accelerated its accumulation of Bitcoin, Ethereum and Litecoin in the last few months amid a significant jump in crypto prices. Grayscale has $38.5 billion worth of Bitcoin under management. The company’s Ethereum trust has nearly $5.8 billion worth of ETH.

Filecoin is not the only digital currency that has gained significant value in the last few days. Ethereum, the world’s second-largest cryptocurrency, has jumped by more than 20% in the last 7 days. Additionally, Polkadot, Uniswap, and XRP have reported substantial gains in the few days. Furthermore, cryptocurrency Klaytn is up by more than 40% in a single week.

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.

Thanks to Bitcoin’s price corrections on the 22nd, the last few days have been very bearish for most of the crypto-market. However, while the world’s largest cryptocurrency has been consolidating above $54,000 since, the same wasn’t true for the market’s altcoins, with the likes of Chainlink, UNI, and NEM continuing to lose value on the price charts.

It’s worth noting, however, that if Bitcoin surges again, the aforementioned alts’ price fortunes could change quickly.

Chainlink [LINK]

Chainlink, the cryptocurrency ranked 11th on CoinMarketCap, has been very inconsistent on the price charts since it hit its ATH a few weeks ago. In fact, while for a long time LINK took pride in moving independently of Bitcoin, of late, its movement has been dictated by BTC’s, with the same being the case over the last few days.

When BTC fell, so did LINK, with the alt dropping by over 9% in the last 48 hours. At the time of writing, LINK was once again trading at a level last seen in the first week of March.

While the Parabolic SAR’s dotted markers were well above the price candles and underlined the bearishness in the market, the Awesome Oscillator pictured the market’s momentum dipping into the negative territory.

The altcoin’s movements have been in line with those projected by a recent analysis, with the same predicting that LINK was likely to be pulled in one direction soon. Despite the said corrections, however, LINK can be expected to turn bullish again owing to a host of other factors.

Uniswap [UNI]

Uniswap [UNI], the crypto-market’s biggest DeFi token, has had a good few weeks and months, with UNI registering its ATH on the charts just under 48 hours ago. Since then, however, UNI has been on a downtrend, one spurred on by the general market’s bearishness. In fact, after registering an ATH of $35,88 on the charts, at press time, the alt had fallen by almost 13%.

The sharp drop in trading value was accompanied by an even sharper hike in trading volume.

UNI’s indicators flashed some interesting signs, but they weren’t credible enough to warrant talks of a trend reversal. While the mouth of the Bollinger Bands was widening to indicate some near-term volatility, the Relative Strength Index was pointing north towards the point of equilibrium.

With Uniswap V3 expected to release on the Ethereum mainnet sometime in May, UNI’s price action is likely to profit as soon as the correction wave passes.

NEM [XEM]

Following the 37.5% depreciation on the anniversary of Black Thursday, XEM’s price action has been very rangebound on the charts, with the altcoin a long way away from regaining its losses. In fact, if anything, the alt seemed to be heading in the opposite direction, with XEM falling by over 7.5% since the 22nd after Bitcoin registered corrections.

The cryptocurrency’s technical indicators didn’t leave room for a lot of optimism either as while the MACD line was intertwined with the Signal line, the Chaikin Money Flow, despite pointing north, was still below zero.

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Jibin is a news editor at AMBCrypto. With over three years of experience as a political writer, he primarily focuses on the political impact of crypto developments. A graduate in Law and International Relations, his writing is by and large focused on cryptocurrencies from the political and financial perspective. A Liverpool FC fan. YNWA

Due to its decline in market value, Chainlink has been pushed out of the list of top ten cryptocurrencies b y CoinMarketCap. Chainlink (LINK)  currently is ranked No.11 with a market cap of $11,703,931,788. 

However, it still provides generous returns for investors, which has risen by 1,285.5% within one year. 

Although Chainlink is down nearly 24% from its all-time high (ATH) of $36.89 on February 20, the decline is not that steep.  Currently, LINK’s price has rebounded somewhat. At the time of writing, LINK is trading at $28.13.

According to Glassnode, Chainlink’s liquidity is showing a downward trend. The number of exchange deposits for LINK has reached a four-month low. This indicates that there are fewer and fewer investors who have bought LINK recently.

Low trading volume may not guarantee that the LINK price trend develops in a direction consistently. However, t he lower liquidity also proves that the sellers have insufficient power. 

The strong rise of Bitcoin will help propel Chainlink’s price higher. It still has the possibility of touching its all-time high (ATH) as most technical indicators show signs of bullishness presently.

Chainlink (LINK) Price Analysis

Judging from a daily candlestick chart above, Chainlink (LINK) shows the strong selling pressure in mid-March, which caused the cryptocurrency asset’s value to fall to a low support level of $23.73 on March 24. However, LINK’s price has shown a bullish momentum and pushed up the price. Does this mean that the LINK downtrend is over?

Investors should not take this lightly. Although the MACD indicator has almost bonded below the zero axes, which is a signal of forming a bullish crossover. But the current LINK’s price has not yet stood firm 20-Exponential Moving Average(20-EMA) of $27.86.

If LINK/USD could stand firmly at the 20-EMA today, then it is likely to trigger a large number of buying orders, which will push up the price to the resistance level of $31.85 in the short term. If LINK/USD can overcome this level of resistance, it will enable the altcoin to test its all-time high of $36.89.

The stochastic relative strength index indicates that this altcoin has remained more or less near the equilibrium zone of the 50 marks and has not fallen into the oversold zone. The upward trend of the indicator indicates that the current price level is supported by the buyer.

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Chainlink is down 30%, but the on-chain and derivatives indicators show that investors have an increasing interest. Chainlink Price Metrics had a pretty rough month, falling by 45% after an all-time high of $37 on 20 Feb. 

Although the recent losses might look surprising in comparison with the gains of other altcoins, in the last nine months, LINK has still managed to reach 640%. Therefore, the failure to maintain above 32 dollars should not be construed as a change of trend. 

Kindly read below the key chainlink price metrics to check if its gathering strength or not:

Chainlink price at Binance, USDT. Source: TradingView

The de-centralized finance boom (Defi) was also in a very good position for Chainlink. Many of the prices feed connecting individual blockchains and decentralized exchanges use their price oracles to discover prices. 

This project was proactive when the network fees of Ethereum were higher and adapted quickly to “off-chain reporting,” which replaced the aggregation of in-chain data with an off-chain consensus round. “

The aggregates are then transmitted to the blockchain, where a clever contract checks that a quorum of nodes agree on this version of data, as Cointelegraph reported previously.

Even with strong Defi growth and healthy online indicators, LINK’s price struggles to recover the 30 dollars aid. On-line indicators such as daily active addresses and transactions continue to show strength, together with open interest in futures contracts.

Check out Chainlink(LINK) Price now!

The transfer value is a leading on-chain user activity indicator that includes all moved corners every day. CoinMetrics analysis provides precise data by adapting these figures so that mixers and transactions between the same entities are excluded. 

There were about $600 million in daily adjusted transfers, 235% of which were earned since the beginning of 2021. The current level is twice as large as Litecoin (LTC), a crypto-monetary with 7% market capitalization, but as second-layer scaling solutions evolve, the main case of the project has fallen.

Daily active addresses are yet another vital on-chain metric, although they are easily inflated at relatively low transfer costs. Given that Chainlink is running on the Ethereum network, that cannot certainly be the case. 

Chainlink daily active addresses 7-day average. Source: CoinMetrics

As mentioned above, the daily active addresses of Chainlink have been above 10,000, despite the recent decrease. One should contribute to the rising network charges for Ethereum that could explain the lack of new highs. However, the 14% gain in the indicator in 2021 can be considered positive.

Had the top traders abandoned or lost interest in Chainlink, the open-interest futures contracts would have been affected. Although this measure does not necessarily dictate bullishness, the interest of investors remains a healthy amount of derivatives activity. 

Chainlink futures open interest. Source: Coinalyze.net

The data above show no evidence that the open interest in futures contracts has been reduced. The sharp fall on February 21 and February 22 reflects the 41% price crash. Meanwhile, LINK regained the $26 support level less than a week later, and the open interest in its future continued to grow.

Investors may start speculating that an ‘Altcoin’ season is close if the present bullish market conditions persist. Chainlink price metrics currently look well-positioned to benefit from the Defi peak.

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However, although Bitcoin was showing signs of life at the time of publication, not all alts were following suit.

Chainlink [LINK]

Chainlink, the altcoin ranked 10th on CoinMarketCap, has dropped in the rankings table in recent weeks, with Cardano, Binance Coin, and Uniswap all passing it. It should be remembered, however, that LINK only recently recorded its own ATH on the charts. Connection, as the rest of the economy, dropped as a consequence of a BTC-fueled depreciation, with the cryptocurrency down by nearly 10% in 48 hours.

Although the aforementioned collapse had been stopped at the time of publishing, LINK had yet to regain the majority of its losses. Instead, the altcoin was consolidating its role in the news.

While the Parabolic SAR’s dotted markers were just above the price candles, the Chaikin Money Flow was only touching zero after a quick foray into the negative field, emphasising the shakiness of the crypto’s place.

Chainlink was recently in the news after Bloomberg Terminal introduced price monitoring data for LINK, among a slew of other cryptocurrencies.

Cosmos [ATOM]

Cosmos, which is ranked 21st on CoinMarketCap, has seen a lot of ups and downs in recent weeks. The same can be seen in its price activity over the last seven days, with ATOM recovering somewhat after price corrections on March 13th and 14th. In contrast to LINK, ATOM gained more than 10% as BTC recovered on the charts, despite corrections at press time.

It’s also worth mentioning that the above increase was matched by an increase in trading volume.

Although the Bollinger Bands were widening, suggesting any near-term price uncertainty, the MACD was lingering above the Signal line, reflecting the market’s bullish power.

Dash [DASH]

Dash, one of the crypto-leading market’s privacy coins, was not resistant to the market-wide depreciation caused by Bitcoin over the past week. In reality, as a result of this, Dash dropped by more than 11.5 percent on the market charts. However, some stabilisation was ongoing at the time of writing, despite the fact that the cryptocurrency had not regained all of its losses.

Dash’s technical metrics were skewed somewhat in favour of the bulls. Although the Awesome Oscillator’s histogram depicted the creation of green candles, the Relative Strength Index remained stable about 45.

It is worth noting that if Bitcoin declines again, Dash can experience a sharper decline on the charts.

Dash recently made headlines when it revealed the introduction of an Ethereum DeFi bridge in cooperation with Stakehound.

Theta, the cryptocurrency of blockchain project Theta Network, has jumped above Chainlink in terms of market cap. The digital asset is now the 10th largest cryptocurrency in the world with a market cap of more than $11 billion.

According to the latest data published by Coinmarketcap, Theta is up by more than 70% in the last 7 days. The digital currency is now more valuable than USDC, Bitcoin Cash (BCH), Stellar (XLM) and Dogecoin (DOGE).

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Theta blockchain in an end-to-end infrastructure for decentralized video streaming and delivery. The core advisors include Steve Chen, Co-Founder of YouTube and Justin Kan, Co-Founder of Twitch.

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“Theta’s core advisor is YouTube Co-Founder Steve Chen, with sufficient funds, top 10 holds 61% of the currency, which may be easy to manipulate the market, the new version of Theta will be launched in the near future and keep up with the NFT boom. Some of Theta’s investors and advisors have a poor reputation in China, but it is irrationally sought after in South Korea. According to CMC data, the trading volume of Theta/KRW on Bithumb, the leading exchange in South Korea, ranks fourth,” Wu Blockchain, a China-based crypto researcher mentioned on Twitter.

Theta started this year with a price level of $1.9 billion. The cryptocurrency registered a jump of more than 500% in the last 12 weeks. As of writing, the world’s 10th largest cryptocurrency is trading near $11.15 billion with a market cap of around $11.2 billion. The recent boom in altcoins has contributed a lot towards the jump in the price of Theta. The cryptocurrency assets like IOTA, Filecoin, TRON, Kusama and BTT have also posted strong gains in the last 7 days. The surge in altcoins is causing a drop in the market dominance of Bitcoin.

BTC’s market dominance dropped from 62% to 59.5% within the last 7 days. The world’s top 5 cryptocurrencies include Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance Coin (BNB) and Cardano (ADA).

The last few days have been very bearish for the majority of the crypto-market, thanks to Bitcoin’s price corrections on the 22nd. Although the world’s largest cryptocurrency has been consolidating over $54,000 since, the same has not been so for the market’s altcoins, with the likes of Chainlink, NEM, and UNI continuing to lose value on price charts.

It is worth noting, though, that if Bitcoin spikes again, the price fortunes of the above alts could change rapidly.

Chainlink [LINK]

Chainlink, the 11th most valuable cryptocurrency according to CoinMarketCap, has been very volatile on the price charts since it reached its all-time high a few weeks ago. In reality, while LINK took pride in travelling independently of Bitcoin for a long time, its movement has recently been dictated by BTC, with the same being the case over the last few days.

When BTC fell, so did Connection, which fell by more than 9% in the last 48 hours. LINK was selling at a pace last seen in the first week of March at the time of publishing.

While the Parabolic SAR’s dotted markers were just above the price candles, emphasising the market’s bearishness, the Awesome Oscillator depicted the market’s momentum slipping into negative territory.

The altcoin’s movements have been aligned with those expected by a recent study, which predicted the Connect will be pushed in one direction soon. Despite the aforementioned corrections, Relation is supposed to turn bullish again due to a number of other factors.

NEM [XEM]

Following a 37.5 percent drop on the anniversary of Black Thursday, XEM’s market activity has been very rangebound on the charts, with the altcoin already a long way from recouping its losses. In fact, the alt seemed to be going in the opposite direction, with XEM dropping by more than 7.5 percent since the 22nd after Bitcoin corrections.

Although the MACD line was entangled with the Signal line, the Chaikin Money Flow was still below zero, despite pointing north.

Uniswap [UNI]

Uniswap [UNI], the crypto-largest market’s DeFi coin, has had a successful few weeks and months, with UNI reaching its all-time high on the charts just under 48 hours ago. UNI, on the other hand, has been in a downtrend since then, driven by the general market’s bearishness. In fact, after reaching an all-time high of $35,88 on the charts, the alt had dropped by nearly 13% as of press time.

The dramatic decline in trade value was followed by an even sharper increase in trading volume.

UNI’s metrics showed some intriguing signals, but they weren’t convincing enough to suggest a pattern turnaround. Although the Bollinger Bands were expanding, indicating any near-term instability, the Relative Strength Index was pointing north, towards the point of equilibrium.

With the arrival of Uniswap V3 on the Ethereum mainnet scheduled in May, UNI’s price activity is likely to benefit as soon as the correction wave passes.

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Chainlink is a decentralized oracle network that brings off-chain data into an on-chain format, bridging the gap between the isolated blockchain and real-world data.

It aims to ensure that the external information (pricing, weather data, event outcomes) fed to smart contracts remains untampered with.

Chainlink is built on top of the Ethereum blockchain and Chainlink (LINK) is the native token of the protocol. LINK is used to pay Chainlink network operators for their services.

Chainlink web site: https://chain.link/

LINK Price Prediction: ction/

Timestamps 00:00 Introduction to Chainlink 03:41 LINK Price Prediction

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US-based major cryptoasset investment firm Grayscale launched five new trusts, while its biggest, bitcoin (BTC) trust is unavailable for investing again.

The Grayscale family has been joined by chainlink (LINK), basic attention token (BAT), decentraland (MANA), filecoin (FIL), livepeer (LPT) trusts.

Following the news, LINK jumped by 8% in the past hour, BAT rallied 12%, MANA – 21%, FIL – 6.5%, and LPT, ranked 170th by market capitalization, skyrocketed by 106%.

The minimum investment in these trusts is USD 25,000 and there’s a 2.5% annual fee. In comparison, it’s USD 50,000 in the case of Grayscale Bitcoin Trust (GBTC), which is currently unavailable. “All of Grayscale’s funds periodically close for administrative purposes,” a Grayscale spokesperson previously told Cryptonews.com. GBTC, which now holds BTC 655,140 (USD 36bn), was reopened in January.

As reported, in February, the company confirmed that its looking into at least 23 different digital assets “for potential new product offerings” as Bitcoin exchange-traded funds (ETFs) are gaining traction in Canada and new competitors for Grayscale emerge.

Meanwhile, Digital Currency Group, the parent company of Grayscale, said in March that it plans to purchase up to USD 250m worth of shares of GBTC.

While other trusts, such as Bitwise, BlockFi, Osprey Bitcoin Trust, and Canadian Bitcoin ETFs are emerging, the Grayscale trusts have so far been a dominant way for institutional investors to enter the cryptoverse.

The trusts are structured to hold the underlying crypto, while the value of each share is dependent on the amount of crypto under management. They also provide a familiar structure for accounting and taxation. However, there is no way to redeem the underlying crypto.

___ Learn more: – Bitcoin, Ethereum Rally Despite Inflows To Grayscale’s Trusts Slow Down – Ark’s Cathie Wood & Grayscale’s Michael Sonnenshein Talk Bitcoin – Grayscale Ethereum Inflows Up Again, Firm Calls ETH Valuation Methods ‘Opaque’

(Updated 13:37 UTC with the market reaction. Updated at 13:45 UTC with the data about Grayscale’s trusts. Updated at 13:48 UTC with information about an annual fee.)

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