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?

This is why DeFi’s growth in 2021 isn’t a fluke

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. 

How bullish really are Ethereum, Chainlink?

Synthetix votes to introduce asset providing on-chain exposure to Tesla Shares

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

Chainlink Price Analysis: 13 February

Chainlink Price Analysis: 05 February

Chainlink Price Analysis: 27 January

Chainlink Price Analysis: 23 January

Chainlink Price Analysis: 16 January

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.

After consolidating above $20 for a prolonged period of time, Chainlink has finally managed to breach the $30-price level, checking off another valuation target for the year 2021. In fact, in the year 2021 alone, Chainlink has surged by close to 172%, with the crypto recording YTD returns of 132%, at press time.

In the last six hours alone, LINK climbed by over 8% on the price charts.

LINK first gained significant traction in mid-2020, with the crypto-asset becoming one of the cryptos leading the altcoin season soon after.

Interestingly, the writing was already on the wall since Chainlink’s price only recently successfully breached an ascending channel on the price charts. In fact, the resistance just above $26 was tested four times before the eventual rally to $30, with the pattern briefly broken in the previous instance as well.

At the time of writing, market indicators were bullish for LINK. However, a possible correction may also take place, pulling the crypto’s value down to the support at $24.

One of the major advantages of supporting Chainlink’s hike is the consistent development from a technological perspective. Just a few days back, Kraken integrated a Chainlink node to bring spot price data to DeFi. Chainlink’s price reference data is one of the most widely-used decentralized oracle solutions in the DeFi space, and it remains credible to the fact its activity is also up by 60% since the start of the year.

Chainlink still being in price discovery mode helps the crypto-asset attain consistent bullish tops in the present market. Additionally, LINK’s Daily Active Addresses also registered a record high recently, although a divergence was identified on the chart as well. Its Network Growth too climbed to an ATH level recently.

LINK’s price surges have been supported by a host of other metrics too. Chainlink’s Token Circulation Level, for instance, is flashing bullish signals for the 13th straight month, according to Santiment.

Trading at such a high range, a section of the market’s investors will always be willing to sell in order to cap in some profits. Hence, the hodling sentiment will play a key role in the future for Chainlink.

Are retail traders ready to spend their Bitcoin?

Cardano, Tezos, VeChain Price Analysis: 12 February

Biraajmaan covers market trends of major cryptocurrencies. As a graduate in engineering, his interests lie in Blockchain technology. With over a year as a journalist, his articles focus on US and UK markets.

Bitcoin’s comeback to $55,000: When and how?

Why it’s critical to monitor Bitcoin miners’ position over the next 2 weeks

Swiss private bank Bordier & Cie SCmA offers trading in Bitcoin, Ether and Tezos

Chainlink, Cosmos, Enjin Price Analysis: 24 February

XRP, LTC, DOGE holders might soon be able to create ‘stable tokens’ on Flare

Oxygen Protocol to list OXY tokens on BitMax

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.

Bitcoin SV, BAT, Compound Price Analysis: 11 February

Chainlink Price Analysis: 11 February

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.

Bitcoin under $50k: Here’s the best option for traders right now

Here’s why Binance Coin might not wait on Bitcoin next time

Can one expect more growth from DeFi tokens like YFI

As Bitcoin settles down will altcoins like Ethereum, Polkadot etc. become stronger?

Should traders double down on their Bitcoin accumulation?

What’s behind YFI’s recent price woes?

Big data ecosystem GeoDB, also called Geo Data Block, is going to launch its own Chainlink node to provide data shared within the GeoDB ecosystem to blockchain networks with an initial focus on Ethereum providing location data to DApps like GPS-based on-chain rewards programs.

According to an announcement by GeoDB on Tuesday, February 9, GeoDB’s Chainlink node will supply the location and mobile phone-related data onto the Ethereum blockchain, such as the number of phones within a given location.

GeoDB is an interesting startup to look for. It is a Europe-based, Ethereum blockchain-powered decentralized peer-to-peer big data-sharing ecosystem that rewards anyone around the world for the data they generate. It collects user data without compromising identities, distributes GEO tokens—the native token of GeoDB— as rewards to data providers, and validates and manages the ecosystem using a decentralized governance model.

Data providers provide data through proprietary data apps like GeoCash, Volta, GeoScan, Wawa, and PlugPark. These applications create data like location data via unique services. These apps then transfer this data to GeoDB which validates that data to be used by data consumers.

To provide its big data to smart contract application, GEO will now launch its Chainlink node. While the initial focus will be on providing location intelligence to Ethereum DApps, the company has plans to expand into retail shopping receipts, and health data generated data via IoT wearables and running applications. According to GeoDB, this will open up a suite of new “blockchain applications based solely around consumer data, such as location-based marketing campaigns, IoT-enabled sports competitions, parametric health insurance policies, and more.”

After looking deeply into the oracle problem and various methodologies, GeoDB found the Chainlink oracle network as the best-suited solution as it enhances the security of that data by cryptographically signing it on-chain as a means of proving its origin and being blockchain agnostic, Chainlink nodes allow GeoDB to supply data to other blockchain networks if it chooses to do so in the future,

Luis Gelado, Founder and CEO of GeoDB, commented:

The Chainlink Community Grant Program provides financial resources to the many development teams and researchers building a more functional and accessible Chainlink Network. We encourage talented individual developers and development teams to apply to the grant program here, or if you are a researcher and want to collaborate, contact us.

We’re excited to announce that Kurtosis, a platform for the end-to-end testing of mission-critical blockchain infrastructure, has been selected as a recipient of the Chainlink Community Grant Program. Kurtosis is receiving a grant to construct an automated and extensible testing platform that validates the scalability and reliability of Chainlink oracle networks. The custom-built Kurtosis test platform will validate the security assumptions at different levels of network consumption for various types of Chainlink oracle networks across different blockchains, enabling developers to test their upper limits of scalability while still maintaining high reliability during simulated black swan events.

Kurtosis was founded by two former Palantir engineers, Kevin Today and Galen Marchetti, both of which have extensive experience battle-testing large distributed systems in heterogeneous environments. From that experience, they created Kurtosis — a continuous testing environment purpose-built to provide developers the tooling they require to build anti-fragile distributed systems that are resistant to network failures. The Kurtosis platform gives developers the tools to automate the creation of test environments, simulate outages or malicious behavior, and test their codebase against arbitrary black swan failures before deploying into production. By testing for weaknesses in early-stage development, downtime and outages can be prevented. The Kurtosis framework has already been implemented for the Avalanche blockchain.

Through the Chainlink grant, Kurtosis will work to customize its framework so it’s tailored to the specific requirements of running secure and reliable Chainlink oracle networks. The goal is to make the framework openly accessible to development teams across the Chainlink ecosystem, which they can use with minimal effort to verify their work before it’s audited and/or launched in-production. It will also serve as a toolkit for developers who want to experiment with and test various real-world scenarios and oracle design limits on the Chainlink Network. Testing platforms can help drive more innovative and resilient Chainlink solutions built in a more efficient manner, both through reducing development workloads and allowing developers to focus on their core feature work instead of the construction of test infrastructure.

Additionally, having uniform stress tests for various Chainlink oracle functions ensures integration work performed by different development teams throughout the ecosystem meets the same high standards of current native Chainlink integrations in various blockchains, such as Matic and Binance Smart Chain. This will accelerate the rate at which Chainlink is integrated into new blockchain environments, while still ensuring a consistent level of reliability is maintained across the entire Chainlink ecosystem.

Working with the Chainlink engineering and research team, Kurtosis will strive to build a platform where developers can plug their work into the Kurtosis testing framework and initiate a multitude of unit tests. These tests will verify the performance of Chainlink oracle functionalities within specific blockchain environments, including extreme failure scenarios such as network partitions in the underlying blockchain, unstable API connections, malicious behavior of participants, and more. Each test runs in an isolated private testnet to allow for adjustments of different fault tolerances and failure scenarios. As a result, Kurtosis can help identify and mitigate potential performance failures or outages early in the testing process.

Given the increasing demand from smart contract developers wanting native support of Chainlink oracles within their preferred blockchain environments, Kurtosis makes a strong recipient of Chainlink Community Grant to create standardized testing guardrails that developers can leverage to test the quality of their Chainlink oracle designs and receive immediate feedback on.

“We’re looking forward to extending the Kurtosis Platform to the Chainlink Network, so developers can continuously test Chainlink oracle networks with isolated, manipulable testnets,” said Galen Marchetti, Co-Founder & CEO of Kurtosis. “This gives developers a toolkit for testing the bounds of reliability on various oracle designs in response to numerous real-world scenarios and across different blockchains. With Kurtosis, developers can root out bugs and launch Chainlink integrations into production safely and efficiently, ultimately helping accelerate the adoption of Chainlink.”

Through the Chainlink Community Grants program, we look forward to continuing to empower more and more Chainlink ecosystem teams and researchers who are both researching and building key tools and infrastructure that accelerate the development of universally connected smart contracts and secure oracle networks. We will continue supporting the community as a key driver of Chainlink’s rapid growth, because only together can we make universally connected smart contracts into the dominant form of digital agreement.

If you want to learn more about the Grant Program, check out our recent blog post that further expands upon its goals and the criteria for submission. If you would like to participate in the Chainlink Grant Program, please apply here. Chainlink Community Grants are provided in Cash and/or LINK.

The world’s second-largest cryptocurrency Ethereum (ETH) has hit a new all-time high of $1868 surging an additional 5.5% today. The overall cryptocurrency market cap shoots to $1.5 trillion and altcoins continue to show dominating behavior.

At press time, ETH is trading at $1851 with a market cap of $212 billion. The institutional buying of Ethereum (ETH) has kickstarted on a big scale. Every since reopening the Grayscale Ethereum Trust (ETHE) 12 days back, digital asset manager Grayscale has added 195,000 ETH coins worth $353 million. The net assets under management of the Grayscale Ethereum Trust (ETHE) have soared to above $5.5 billion.

Also, the CME Ether Futures have seen staggering response since going live earlier on Monday, February 8. On-chain data provider Skew Analytics notes that the average daily volume for Ether Futures, in the first four-sessions, has been above $30 million. At the same time, the open interest in the CME Ether Futures has moved past $43 million.

— skew (@skewdotcom) February 12, 2021

Oracle service provider Chainlink (LINK) has registered a solid move in the market. The LINK cryptocurrency has shot up 14% today hitting its new all-time high of $32. With this move, Chainlink’s (LINK) price has nearly tripled year-to-date registered a solid 200% gain.

The LINK cryptocurrency has seen a solid demand in the exploding crypto DeFi market. As a result, investor optimism has also spiked simultaneously. On-chain data provider Santiment states that the recent LINK price comes with “increased level of token circulation, dormant tokens moving, and a sustained high level of unique address activity”.

— Santiment (@santimentfeed) February 12, 2021

As stated the Dormant USD invested in LINK has been on the move. Analysts say that Chainlink is emerging as a new competitor to Ethereum and the surge in the network activity is a testament to it.

The post Ethereum (ETH) and Chainlink (LINK) Hit New All-time Highs While Dormant Tokens Moving Fast appeared first on Coingape.

Article source

Deutsche Telekom AG, Europe’s largest telecommunications company by revenue, is now one of the main data providers to Chainlink – the omnipresent oracle service on which decentralized finance (DeFi) relies. 

Not only that, Deutsche Telekom subsidiary T-Systems Multimedia Solutions (MMS), says it has begun staking on the Flow Network, the ultra-scalable proof-of-stake (PoS) blockchain from CryptoKitties creator Dapper Labs, and has plans to begin staking on several other chains in the near future.

Yes, Deutsche Telekom is providing DeFi data support and has quietly gone beyond helping with the infrastructure of PoS blockchains and actually started custodying, staking and earning crypto rewards. 

But lumbering telco giants are meant to be mired in enterprise blockchain proofs-of-concept, or stuck doing rather dull blockchain-as-a-service cloud offerings, right?

“We started roughly five years ago, like everyone else, doing all those enterprise blockchain proofs of concept,” said Andreas Dittrich, head of the Blockchain Solutions Center at Deutsche Telekom. “But we gradually began to feel we were not focusing enough on public blockchains. This is where digital value will be moved in the future, and it’s really where a telco should be active.”  

T-Systems announced it was going to run a Chainlink node back in summer of last year, right around the time DeFi basically exploded. Since then, it’s been “a hell of a ride,” admits Dittrich.

“We were really jumping into something new, providing public blockchain infrastructure and having a token-natured business model on top of that,” he said. “So, of course, we started really small, with few data feeds. But then scaled rapidly, and by now, I think we are among the top three data providers at the moment on the Chainlink network.”

Chainlink’s system of data feeds, known as oracles, pipes information into the blockchain world of smart contracts, eliminating reliance on any single, centralized source.

“We are providing 51 data feeds right now,” said Gleb Dudka, an analyst at T-Systems. “We don’t handpick applications we provide data to, but examples would be Synthetix, a few decentralized exchanges, Nexus Mutual for insurance. The data is mostly digital asset prices, FX rates, and commodity prices like gold, silver, etc., and these mostly go to Synthetix.”

It’s only a matter of time until other big enterprise firms follow Deutsche Telekom’s example and run Chainlink nodes, said the network’s co-founder, Sergey Nazarov. 

“Chainlink enables top infrastructure teams like T-Systems to monetize their globally distributed infrastructure and security expertise across the many chains already being served by Chainlink oracles,” Nazarov told CoinDesk via email.

Providing complex infrastructure for the internet is something Deutsche Telekom has done for decades (it’s also worth pointing out the telco has its own cloud offering and so reduces reliance on the likes of AWS). So on the surface of it, there should be nothing surprising about it providing infrastructure support for the incipient “internet of value.”

However, Dittrich acknowledges there’s an interesting blurring of the line between IT services and financial services. 

The hardest part was getting this right from a legal, risk management and tax perspective, Dittrich said. T-Systems partnered with Bankhaus Scheich as a broker and Berlin-based crypto custodian Finoa, one in a slew of German firms waiting in line for a crypto custody license from regulator BaFIN.

“It’s quite a unique thing, because our business model means we need to be able to handle crypto tokens,” said Dittrich. “We need to have them on our balance sheet, various types of crypto tokens. And that’s a hard thing to pull off for a company like us.”

Dittrich said his team has been busy looking at a range of other crypto staking candidates. The elephant in the room in this case has to be Ethereum 2.0 staking, the largest blockchain after Bitcoin, which is the first phase of its transformation to PoS. 

See also: Deutsche Telekom, Alibaba Cloud, Citi Join Hyperledger Blockchain Project

“We are not doing Ethereum 2.0 staking yet,” said Dudka. The ETH T-Systems buys is needed for Chainlink, he said, and has to be spent in order to sign transactions on the Ethereum public mainnet. 

“There are quite a few networks in the pipeline that we plan to go live on,” Dittrich added. “Obviously, the bigger proof-of-stake networks are in there, be that Tezos, Polkadot, Ethereum 2.0, you name it.”

It’s been a good few days for the crypto-market, with its price fortunes given an impetus a few days ago by the news of Tesla’s $1.5 billion purchase of Bitcoins. Following the same, the world’s largest cryptocurrency pumped on the charts, and thanks to BTC’s correlation with the rest of the market, the altcoin market surged too. The examples of Chainlink, Ethereum Classic, and Decred were a case in point.

Chainlink [LINK]

Chainlink, the industry’s 9th-largest cryptocurrency by market cap has had a great start to 2021, with the token surging exponentially on the charts over the past few weeks. In fact, since the year dawned, LINK has been registering one ATH after the other, with the crypto very close to the much-anticipated $30-mark, at the time of writing.

In the last 7 days alone, the cryptocurrency has climbed by over 14% on the charts, with LINK recording YTD returns of 130%.

The bullishness in the crypto’s market was highlighted by the Parabolic SAR, with the indicator’s dotted markers well below the price candles. On the contrary, the Chaikin Money Flow was heading south, a sign of capital outflows gaining some strength.

It should be noted, however, that other indicators seem to be highlighting positives for Chainlink as well. LINK’s price/NVT Signal comparison, for instance, suggested that the crypto was registering a clear bullish signal for the 13th straight month.

Ethereum Classic [ETC]

Ethereum Classic, the popular altcoin ranked 51st on CoinMarketCap’s rankings, has come a long way since the price depreciation that followed the series of 51% attacks back in August 2020. Since then, the alt’s price has recuperated with the same even surging at times.  The latter was the case over the past week or so, with ETC hiking be over 40% in the aforementioned time period.

Valued at $11.91 at press time, ETC was trading at a level last seen in February 2020.

Ethereum Classic’s technical indicators provided evidence of the bullishness in the crypto’s market. While the mouth of the Bollinger Bands continued to expand to make way for incoming price volatility, the Awesome Oscillator’s histogram was noting an uptick in positive market momentum.

A few weeks ago, Wrapped ETC tokens were first listed on the likes of Uniswap and Sushiswap.

Decred [DCR]

Like Ethereum Classic, Decred too has hiked considerably over the last few weeks, with DCR registering a price appreciation of almost 39% in the last 7 days. Priced at $105, however, the crypto was still some way away from its ATH of $129.37, at press time.

As far as Decred’s technical indicators were concerned, while the MACD line was holding its position well above the Signal line, the Relative Strength Index was keeping steady in the overbought zone. If the RSI, however, decides to move south, the crypto’s uptrend on the charts might come to a halt.

What a short squeeze means for Bitcoin’s price

Why Bitcoin and gold can work together for your portfolio

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

Chainlink, Cosmos, Enjin Price Analysis: 24 February

Tron, Neo, Ethereum Classic Price Analysis: 23 February

Chainlink, Aave, Cosmos Price Analysis: 22 February

Stellar Lumens, Synthetix, Decred Price Analysis: 22 February

Polkadot, Tron, Ethereum Classic Price Analysis: 22 February

Chainlink Price Analysis: 21 February

Chainlink war eine der ersten Kryptowährungen, die im Jahr 2020 ein neues Allzeithoch erreicht hat – aber angesichts ihrer Abwesenheit während des Höchststandes im Jahr 2017 sah sie sich anderen Umständen und keinem übergeordneten Widerstand gegenüber. Der Altcoin war in den letzten Jahren fast völlig unbeeinflusst vom Bärenmarkt und konnte so einen Rekord nach dem anderen brechen.

Allerdings hat sich eine massive bärische Divergenz gebildet, da die unaufhaltsame Kryptowährung zum dritten Mal eine aufsteigende Trendlinie berührt. Könnte dies der Beginn der ersten längeren Bärenphase des Altcoins sein? Oder bereiten die Bullen einen viel stärkeren Vorstoß vor, um endlich die langfristige Trendlinie zu durchbrechen?

Im Jahr 2017 katapultierten der kometenhafte Aufstieg von Bitcoin und die Explosion von ICOs, die auf Ethereum basieren, die Anlageklasse der Kryptowährungen ins Bewusstsein der Öffentlichkeit. Aber nach einem Sturm der Überschwänglichkeit und einer parabolischen Preisaktion platzte die Blase und diese Vermögenswerte stürzten in vielen Fällen um bis zu 90 % oder mehr ab.

Sogar das Krypto-Asset mit der größten Langlebigkeit, Bitcoin, fiel um ganze 84% vom Hoch zum Tief, was zu einem dreijährigen Bärenmarkt führte. Während dieser Zeit machte jedoch Chainlink sein Debüt im Krypto-Raum – und es befindet sich seitdem auf einem unaufhaltsamen Aufwärtstrend.

Der Altcoin stieg vor kurzem von fast wertlos zu über $25. Chainlink übertraf die meisten Altcoin-Allzeithochs, noch bevor ein Bullenmarkt bestätigt wurde.

Seitdem die Dinge bullish geworden sind, hat sich auch Chainlink Bitcoin und Ethereum angeschlossen und ein weiteres Rekordhoch aufgestellt. Der gesamte Markt hat wieder nach unten gedreht, aber der aufsteigende Altcoin bleibt in der Nähe von 2021 Hochs.

Der jüngste Push auf $25 pro Token hat dazu geführt, dass eine massive bärische Divergenz auf dem wöchentlichen Relative Strength Index aufgetaucht ist, die sich über die aktuelle Spitze und die 2020-Hoch von $20 erstreckt, so ein Krypto-Trader.

Zusammenfallend mit dem bärischen technischen Signal ist eine mehr als drei Jahre lange Trendlinie, die als die Spitze zu jeder großen Rallye getradet hat. Bärische Divergenzen treten auf, wenn die Preisaktion ein höheres Hoch setzt, aber ein technischer Indikator auf demselben Zeitrahmen-Chart ein niedrigeres Tief bildet.

Dies deutet oft darauf hin, dass die Preise zwar neue Höchststände erreichen, der zugrundeliegende Kaufdruck aber geringer ist als während des ersten Hochs.

Die Schwäche führt dazu, dass die Bären die Oberhand gewinnen und die Preise nach unten treiben. Baisse-Divergenzen treten oft an der Spitze eines Trends auf, sind aber schwierig zu handhaben.

Baisse-Divergenzen werden erst bestätigt, wenn die Preisaktion nach unten gedreht hat. Das Fehlen eines höheren Hochs bei einem technischen Indikator könnte lediglich darauf zurückzuführen sein, dass die bullische Bewegung erst am Anfang steht.

Eine Position in einem langen aufwärtsgerichteten Altcoin aufgrund einer bärischen Divergenz einzunehmen, könnte dazu führen, dass man weitere Aufwärtsbewegungen verpasst, die folgen könnten.

Angesichts Chainlinks langfristiger Dynamik könnte die bärische Divergenz – wenn ungültig – das Momentum für einen viel stärkeren Push nach oben liefern.

Some of DeFi’s biggest players have joined forces to launch a new alliance geared towards furthering the education, research and best practices of the nascent industry. 

The GoodFi alliance, launched by Radix, includes crypto projects Chainlink, Aave, and mStable, as well as digital analytics company Messari.

Piers Ridyard, CEO at Radix, told Cointelegraph that GoodFi “enables companies operating in the DeFi space to collectively work to solve the issues facing a wider base, starting with the generally “crypto-engaged” but building to a mainstream audience.” As members of GoodFi, companies can share strategies and communal knowledge for attracting new DeFi users.

Their mission is to get 100 million people to put at least $1 into DeFi applications by 2025. To achieve this objective, the alliance has prioritized education to help raise awareness of the utility behind DeFi applications.

Ridyard explained:

Decentralized finance was one of crypto’s most remarkable growth stories of 2020, with projects like Chainlink and Aave leading the charge. LINK is now the world's ninth-largest cryptocurrency with a market capitalization of $11.3 billion. Meanwhile, AAVE is in the fourteenth spot following 500% year-to-date returns. 

At the time of writing, nearly $55 billion had been locked into DeFi projects across a range of applications and use cases.

Although DeFi has yet to lure a wider mainstream audience, early crypto adopters have been attracted to the idea that traditional financial services can be recreated or improved upon using blockchain technology. For that reason, DeFi is expected to be one of the hottest industry verticals moving forward.

Ridyard believes getting people to put $1 into DeFi projects is akin to early internet adoption. “Getting homes connected is the hardest part,” the alliance said of the internet in the 1990s. “With DeFi, getting the users to put their first $1 in is the very hardest step.”

Cryptocurrency enthusiasts in the US and Europe will often have very different tastes. Now and then, some overlap will exist between the two, but there will also be notable exceptions. CoinGecko’s recent top 10 trending coins confirm as much. 

It is not entirely too surprising to see some overlap for half of the top 10 trending coins in the US and Europe. Several markets performed incredibly well, making them impossible to ignore. For others, there seem to be some “cultural differences,” so to speak. Investors and speculators in different regions will exhibit favoritism toward specific projects and their associated risks.

Both the US and Europe share a common interest in Bitcoin, Ethereum, Cardano, Elrond, Decentr, OptionsRoom, and Dogecoin.  No surprises there, as all of these assets performed incredibly well last week. Bitcoin and Ethereum hit new all-time highs, which is somewhat surprising. Dogecoin also noted monster gains and seems unwilling to relinquish them.

Cardano is going through a strong bull trend as well. While it has not hit a new all-time high yet, doing so is not impossible thanks to this momentum. It will primarily depend on what happens to Bitcoin over the coming days, as that asset dictates the pace for alternative markets. 

One unusual name of both trending coins lists is Decentr , a project not too many people may be familiar with. Its $26 million market cap may explain why it is so popular on CoinGecko lately. Many traders and speculators look for new markets to enter, preferably ones with significant profit potential. Whether Decentr can deliver that profit remains to be seen. 

The same goes for OptionsRoom , a project currently valued at $28 million. iI, too has a low market capitalization, making traders in the US and Europe more willing to take a few risks along the way. 

Elrond, the final currency found on both top 10 trending coins lists, has risen by 121.3% in the past week. It noted an intense all-time high of $214.12 yet struggled to keep up this momentum in recent days. Currently trading $52 below that all-time high, the coming days may prove crucial for this project, at least from a theoretical perspective.

Regarding the cultural differences, there are some exciting trends to behold regarding the top ten trending coins.

In the US, traders focus on UTRUST and Bao Finance , two projects one doesn’t see mentioned on social media too often. No one knows why there is a sudden interest in both ventures, albeit there must be some valid reason for it. 

Europeans, on the other hand, have high hopes for PAID Network and IOTA. The first project doesn’t ring too many bells either and has a small market capitalization. Once a top 5 project by market cap, IOTA has given up a lot of ground but seems to claw its way back up. The price of MIOTA is still down by 77.8% compared to the all-time high of 2017. 

What is even more remarkable is how Europeans still have high for Ripple’s XRP. It is far less popular in the US due to the ongoing investigation and lawsuits. Several exchanges no longer support this asset’s trading, yet Europeans can still access it with ease. For this reason, it is one of the ten trending coins for last week. 

In the US, the focus lies on Chainlink, rather than XRP. An interesting decision, albeit one everyone can understand. Chainlink’s technology gains a lot of momentum in the blockchain and DeFi industries, two sectors that keep growing and evolving day by day. Additionally, XRP is – in the eyes of many – a “banker coin”.

Looking to advertise? We will gladly help spread the word about your project, company, or service. CryptoMode produces high quality content for cryptocurrency companies. We have provided brand exposure for dozens of companies to date, and you can be one of them. All of our clients appreciate our value/pricing ratio. Contact us if you have any questions: [email protected]

Bitcoin (BTC) and Ethereum (ETH) have been consolidating for a while altcoins like Chainlink (LINK) and Binance Coin (BNB) have surged to all-time highs. On Wednesday, February 10, the Chainlink (LINK) price surged to its new all-time high above $28.4 with its market cap shooting to $11.5 billion. The LINK has been one of the top-performing cryptocurrencies with its price skyrocketing more than 150% year-to-date. The recent price rally comes backed by solid network growth for Chainlink.

As per data by on-chain provider Santiment, the Chainlink network has registered a staggering 176% network growth over the last 90 days. Another chart from Santiment shows that the rapid surge in the LINK token circulation for the 13th straight month has contributed to its bullish run.

Source: Santiment

On Wednesday, February 10, Binance Coin (BNB) – the native cryptocurrency of the Binance blockchain shot 50% in a single day hitting its all-time high above $148. This was for the very first since its inception in 3.5 years that BNB price crossed $100 levels. Although the BNB price has retraced partially from its highs, it is still trading at $127 with a market cap of $19.2 billion.

At press time, the BNB price is 135% up on a weekly chart and its year-to-date gains stand close to 250%. Similar to Chainlink (LINK), the Binance Coin has also seen a staggering network over the last 90 days. During this period, the number of active addresses on Binance has literally tripled. The Santiment report states:

“Three weeks ago, the largest age consumed spike in BNB’s three and a half year history occurred. This was an indication that dormant tokens were on the move, and it wasn’t surprising to see prices spike fairly quickly afterward”.

Also, one of the major triggers to BNB’s Wednesday price rally was the Binance Smart Chain surpassing Ethereum in daily transactions. As Ethereum continues to face congestion with a high gas fee, Binance continues to gain ground in the DApps market with low fees.

This validates the logic that low fees attracts more users & projects. We will continue to work with the #BSC community to promote low fees (even as #BNB rises) and #build more.

— CZ 🔶 Binance (@cz_binance) February 10, 2021

To keep track of DeFi updates in real time, check out our DeFi news feed Here.

#bitcoin, #ethereum, #altcoins

🔷 ALTCOIN TRADING SIGNALS – https://t.me/AltcoinBuzzChat 🔥 TOP CRYPTO NEWS – https://www.altcoinbuzz.io 🚀 FREE NEWSLETTER – http://eepurl.com/dnIEz1 🔶 TWITTER – https://twitter.com/altcoinbuzzio 💡 FACEBOOK – https://www.facebook.com/altcoinbuzzio

Cryptocurrency And Bitcoin Visa Card – GET $25 FREE ON ► CRYPTO.COM https://platinum.crypto.com/r/ab *Code is AB

Trade On Binance! ► https://www.binance.com/en/register?ref=UAMKZ47P *Code is UAMKZ47P

Trade On AAX ► AAX EXCHANGE Y MARKET PRICES AND DATA ► COINGECKO https://gcko.io/altcoin-buzz

🔺 NOTE If you use the above referral links, we receive a commission at no additional cost to you.

⏰ Timestamps 0:00 Bitcoin (BTC), Ethereum (ETH) and VeChain (VET) all-time highs 0:56 Linear Finance (LINA) Updates 2:55 B21 Token Staking and VIP Rewards 5:34 Chainlink and Mogul Partner for Decentalized Film Financing 7:57 Altcoin Updates: PAID, API3, Harmony, Reef Finance, BAND, OCEAN Protocol 11:15 Macro Bitcoin/Crypto Mass Adoption News

— Linear Finance (@LinearFinance) February 8, 2021

274 https://linear.finance/ en-staking-and-vip-levels-go-live/ https://www.b21.io/ p>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

— Chainlink – Official Channel (@chainlink) February 12, 2021

arket-leading-oracle-network-into-plasm-ec33600e4dcf

Egoras will utilize PAID SMART Agreements to increase transparency & will also use our reputation scoring & insurance to secure their transactions🛡️https://t.co/K1nR6GnnxV

— PAID NETWORK (@paid_network) February 12, 2021

2b54e0f

— API3 (@API3DAO) February 11, 2021

n-with-harmony-ffca569ff0c8

💸Users can lock up their tokens for a fixed period of time and earn lucrative APY

Read more: https://t.co/7btRVctocT 🌐 https://t.co/iAIoE2EuUY pic.twitter.com/TSyyAefBsF

— Reef Finance (@ReefDeFi) February 11, 2021

-investment-product-f5e80b35aa5e

— Band Protocol (@BandProtocol) February 11, 2021

ith-band-protocol-to-provide-and-commercialize-c8e66afc932b

It reflects our shift from achieving early product-market fit (0 →1) to that of traction (1 →N).https://t.co/t72QekzTPn

— Ocean Protocol (@oceanprotocol) February 12, 2021

https://blog.oceanprotocol.com/ocean-product-update-2021-6875bc1f804f bny-mellon-11613044810?mod=mhp ustody-bitcoin?utm_source=Telegram&utm_medium=social

— Tyler Winklevoss (@tyler) February 11, 2021

tm_content=Main&utm_source=Twitter#Echobox=1613129558 oved-in-canada?utm_source=Telegram&utm_medium=social https://www.coingecko.com/en/public-companies-bitcoin spac-to-raise-250m

• State legislative priority • Paying employees in Bitcoin • Investing City treasury in Bitcoin

We got it done ✅ pic.twitter.com/88laGvVbEG

— Mayor Francis Suarez (@FrancisSuarez) February 12, 2021

um=social

— jack (@jack) February 12, 2021

m=social

Two GOATs doing GOAT things.

— Pomp 🌪 (@APompliano) February 12, 2021

Disclaimer: The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the content creators/reviewers and their risk tolerance may be different than yours. Altcoin Buzz is not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Please do your own due diligence and rating before making any investments and consult your financial advisor. The information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.