It’s not just digital asset prices that are hitting new highs over the past weeks. Trading volumes for cryptocurrencies are through the roof as well.  Trading volume represents the total number of cryptocurrencies traded (bought and sold) during a given period of time.  As a technical indicator, it shows the overall activity, including liquidity of the market.

Much of it , as seen in the small size of transactions, is being driven by retail traders and speculators who are continuing the high level of engagement that began since early 2021, and new entrants who may be looking to jump in and ride the explosive uptrend seen in some of the cryptocurrencies recently.

Most of the major digital coins have further appreciated over the past week although it’s not clear if that trend is sustainable, particularly since the markets have continued to move into record territory.

The increased trading volume in the market also shows itself in the price action observed in cryptocurrencies, this is especially the case on the weekends as we see record volumes every weekend since mid-April.

Further consolidating in the US $55,000-US $57,000 range, this morning Bitcoin (BTC) has managed to climb above US $59,000 level after the recent pullback. It has seen steady gains over the last few days, formed solid base around this territory and is likely going to bump against the massive psychological resistance of US $60,000 soon.

Succeeding to hold constructively above US $60,000 could validate bullish potential and precipitate an impulsive surge to challenge the yearly high of near US $65,000.

Meanwhile, Ethereum (ETH), the second-largest cryptocurrency by market cap, has pushed towards the US $4,000 level, currently holding steady around US $3,890. Overall, it has been a remarkable week for ether, and it is poised to top US $4,000 mark on Monday if not today.

Elsewhere, many of the major altcoins have been steady although some small-cap coins made double-digit percentage points to set new records overnight.

However, altcoins in Top-10 are not going up that well and have drifted slightly down overnight. Interestingly, they usually see low activity and price fall each time ether spikes, probably due to their touted ether-killer features. It is possible investors think they will lose their appeal further if ether further solidifies its market position.

As of press time, Bitcoin (BTC) is changing virtual hands at US $59,100, Ether (ETH) at US $3,889, ripple (XRP) at US $1.61, Binance Coin (BNB) US $644, cardano (ADA) at US $1.61, Dogecoin (DOGE) at US $0.63, ChainLink (Link) at US $48.5, UniSwap (UNI) at US $40.63, Polkadot (DOT) at US $40 and Stellar (XML) at US $0.61.

The parabolic surge in the market is mostly fuelled by the fact that many traders, especially newcomers do not want to miss out on any buzz that stems from the kinetic momentum and hype, especially Elon Musk’s upcoming host event which has propelled Doge up, Ethereum’s recent appreciation, and overall investor confidence bolstered by speculative buy calls.

However, such artificially inflated prices can easily leave a lot of newbie investors hemorrhaging losses if they wade into the risky assets imprudently.

Just three weeks ago, cryptocurrency holders were fumed as a sudden constellation of risk events triggered the forced liquidation of leveraged bets, wave of selling with pressure across the board. The flash crash made many investors cautious to buy into an ongoing crash, reducing bid liquidity in the market.

The vicious sell-off was indeed a costly lesson for the rookies who have been stuffing their wallets with ‘upside momentum’ crypto coins with a false sense of security, thinking their holdings could only climb.

Both Bank of England and Reserve Bank of Australia think crypto coins don’t have any intrinsic or legislated value and could fall to zero at any time.

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.

Chainlink Cryptocurrency is currently on bullish momentum by 34.50% in the last 7 days. At 22:04 EST on Tuesday, 4 May, Chainlink is at $49.33.

Currently, Chainlink has 263278 Twitter followers and 52118 Reddit subscribers.

As of now, on Github, there are 526 forks, 1847 stars, and 215 subscribers.

Chainlink’s last week, last month’s, and last quarter’s current volatility was 32.70%, 32.70%, and 32.70%, respectively.

Chainlink’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 32.70% (last week), 32.70% (last month), and 32.70% (last quarter), respectively.

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Chainlink’s crypto is considered to be oversold (<=20).

Bitcoin miner iris is said to weigh Australia’s first SPAC deal. According to Bloomberg Quint on Monday, 3 May, "The facilities run Bitcoin mining equipment powered by renewable energy, according to its website. "

S&amp;p dow jones brings Bitcoin, ethereum to wall st with cryptocurrency indexes. According to FX Empire on Tuesday, 4 May, "The new indexes, S&P Bitcoin Index, S&P Ethereum Index and S&P Crypto Mega Cap Index, will measure the performance of digital assets tied to them."

More news about Chainlink.

Chainlink is making slow but sure steps to yet another ATH on the charts despite many altcoins seeing corrections over the past couple of trading sessions. The crypto market is highly bullish, with Ethereum, the world’s largest altcoin, hitting an ATH of over $3,519 less than 24 hours ago. Chainlink is only taking advantage of this sentiment and thriving off of it.

LINK has crossed the much-anticipated $50 mark at the time of publication, which is a 40% surge in the past seven days.

Because of a relatively strong connection with Bitcoin and Ethereum, LINK has often ridden the bull wave of the broader market to ascend the charts. It was also the case last week but Chainlink cannot reduce local innovations centered around the environment and its contributions to the price increase in alt by any means. Each of the updates enables the alt to move independently, contrary to the general market sentiment.

One such improvement is the introduction of Chainlink 2.0. The whitepaper in question suggested a roadmap for Chainlink’s future to overcome the shortcomings of the initial whitepaper. 

The Chainlink 2.0 whitepaper provides a structure for several interoperating Decentralized Oracle Networks(DONs), each consisting of a set of nodes capable of bidirectionally transferring data and performance of decentralized off-chain computing through several consensus protocols. 

That is however not the only development on the platform. Also officially launched on mainnet is Chainlink Off-Chain Reporting, which is an important step in the scalability of the decentralized oracle networks of Chainlink. 

OCR greatly improves the efficiency of the data calculation over Chainlink oracles and lowers operating costs by 90% hence accelerating the network’s development. What’s more, SmartZip , a company that deals with predictive analysis in the real estate industry, has also revealed that it will soon launch a Chainlink node. 

These are all bullish developments that have enabled LINK to register additional ATHs in price charts since mid-April.

The price forecast of Chainlink is bullish mainly because its price feeds play a decisive role in the decentralized financial space – a sector that has been growing strongly since early 2020. Without the use of oracles, Blockchains themselves cannot access external market data. Experts also agree that broader use of this technology will reduce the number of hacking activities that have lost millions of dollars to exploits that companies could have avoided.

Much like Bitcoin was the first cryptocurrency to exist, giving it an added advantage over the multiple coins that followed, Chainlink is the first project to provide oracles. As new applications begin to arise for blockchain technology, opportunities to use the features of this project will only grow further. These new applications and Chainlink’s unique features are likely to drive its price even higher.

With Ethereum surging to hit a new ATH above $3,500 recently, it would seem that the altseason is in full flow. Such an argument, in fact, can be bolstered by the fact that other cryptos such as Chainlink have hiked dramatically too. However, such price actions weren’t common to all cryptos, with Bitcoin’s failure to sustain recovery having an effect on the likes of Binance Coin.

Bitcoin [BTC]

Bitcoin, the world’s largest cryptocurrency, is yet to recover from the massive depreciation it noted back in mid-April, a depreciation that pulled the crypto down from near $65k to $50k. While BTC has since recovered, the said recovery isn’t yet complete by any means. In fact, over the last few trading sessions, corrections seemed to have set in again, with the crypto trading at $54,621 at press time.

The lack of a sustained trend in the Bitcoin market was evidenced by the crypto’s technical indicators. While the Parabolic SAR’s dotted markers had just switched to position themselves above the price candles, the Awesome Oscillator’s histogram was below the half-line, underlining the lack of momentum present.

Despite its recent price ambivalence, however, bullish optimism remains high, especially since the crypto was recording YTD returns of 85% at press time.

What’s more, while BTC might have corrected over the past few days, the last 72 hours also saw the biggest uptick in whale addresses since 31 March.

Binance Coin [BNB]

Binance Coin, the crypto-market’s premier exchange token, has been hiking on the price charts since the month of February, with its pace gathering a lot of steam last month. In fact, such was the scale of BNB’s growth that the crypto kept hitting new ATHs in the first half of April. While market corrections did come in later, BNB soon recovered to hike again.

Over the past few days, however, thanks to BTC’s inability to commit to a trend, BNB’s uptrend had ground to a halt on the charts, with minor corrections coming in as well.

While Bollinger Bands continued to diverge to point to a degree of price volatility, MACD line was closing in on a bearish crossover with the Signal line. A sustained breach of the same could be a sign of a near-term trend reversal.

While a recent analysis had predicted that BNB might push past the $720-mark if the $640-level fell, that didn’t happen as the asset chose to follow a southbound trajectory instead.

Chainlink [LINK]

After a period of tight trading in the month of March, April and May have seen the alt climb on the charts once again, with LINK finally breaching the much-anticipated $50-level a few hours ago. The said breach, in fact, came on the back of a weekly hike of 40%. With on-chain metrics flashing bullish signals, more upside can be expected from the alt in the short term.

While Chaikin Money Flow was holding steady above 0.20 and pointed to the strength of capital inflows, Relative Strength Index was climbing towards the overbought zone, closing in on levels unseen since February.

Cardano, Bitcoin Cash, Filecoin Price Analysis: 05 May

‘To assert that Cardano is a blatant scam, it’s bizarre’

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

April was a busy month full of huge news for Chainlink. The much-anticipated Chainlink 2.0 whitepaper is an exciting 136-page look at the next few years of innovation from Chainlink, including new concepts like super-linear staking, Keepers and Fair Sequencing Service (FSS). Chainlink integrated with 36 teams, rounding out the month by announcing that a Chainlink Community Grant will be awarded to support the UNICEF Innovation Fund and the UNICEF CryptoFund.

The Chainlink Community Grant will help support startups building blockchain-based solutions with UNICEF by offering funding, mentorship and access to Chainlink’s expertise. The grant’s big-picture goal is to accelerate blockchain as a force for good, especially in developing regions of the world where innovative blockchain solutions are needed most. 

In the grant’s official announcement, Director of UNICEF’s Office of Innovation Thomas Davin said, “We are grateful that Chainlink is contributing to our work geared towards showing how blockchain and cryptocurrency can drive more transparent and globally accessible investment in open-source solutions that solve the most pressing challenges facing children.” 

The UNICEF CryptoFund supports initiatives like “applying AI analytics to public services in Argentina, making sensitive clinical data portable and private in Mexico, using an interactive voice response platform in Cambodia to educate people about Covid-19, and improving food and vaccine distribution in India.”

Here’s a complete list of April’s integrations. 

HaykerDAO, an on-chain, DAO-run stablecoin protocol, integrated Chainlink Price Feeds on the Huobi ECO Chain (Heco) mainnet. (Twitter @HaykerDAO_en)

Nomics will run a Chainlink node to supply professional-grade trade, order book and transaction data for over 147,000 markets, enabling the creation of highly secure on-chain financial products backed by tamper-proof price data. (Twitter @NomicsFinance)

OKExChain natively integrated Chainlink, enabling smart contract developers to build high-throughput DeFi applications directly on OKExChain using Chainlink Price Feeds for high-quality data. (Twitter @OKExChain) 

Liquidity integrated Chainlink’s ETH/USD Price Oracle on mainnet to price collateral. This allows Liquidity to create a reliable and tamper-proof mechanism for issuing loans and liquidating undercollateralized positions. (Twitter @LiquityProtocol) 

Saffron Finance, an asset collateralization and customized risk protocol for DeFi, is using Chainlink Price Feeds on mainnet to settle and manage tranches that provide users with liquidity deployment strategies based on different risks/rewards. (Twitter @saffronfinance_) 

Everest, a global banking and digital ID platform, will integrate Chainlink Price Feeds to accurately calculate USD conversions on its DEX; it will also launch a Chainlink node to securely feed KYC, AML and KYB data to smart contracts across multiple chains. (Twitter @EverestDotOrg) 

Taraxa will integrate a Chainlink timestamp oracle to provide Taraxa developers with a decentralized and trusted source of time for all informal transactional agreements, enabling functions like time-based payment schedules. (Twitter @taraxa_project)

CipherTrace, a leading crypto risk intelligence company, launched a Chainlink node to support CipherTrace DeFi Compli, a compliance oracle solution that makes key OFAC compliance data available on-chain for easy integration within existing DeFi frameworks. (Twitter @ciphertrace) 

Edgeware will natively integrate Chainlink, enabling Edgeware developers to build externally connected, decentralized applications and establish built-in support for Chainlink Price Feeds. (Twitter @HeyEdgeware)

PolkaFoundry, a Polkadot production hub, will integrate Chainlink Price Feeds as its recommended oracle solution for developers building DeFi and NFT-based decentralized applications that require accurate, up-to-date and tamper-proof price oracles. (Twitter @PolkaFoundry)

Auric Network will use the Chainlink XAU/USD Price Feed on xDai mainnet to determine the magnitude of rebases for its elastic supply cryptocurrency AUSCM. Chainlink will ensure Auric has price data with wide market coverage and robust oracle security. (Twitter @auric_network)

CryptOrchids, an NFT game, has integrated Chainlink VRF on mainnet to mint provably rare species of digital orchids that players must nourish. (Twitter @CryptOrchidsNFT)

Flux Protocol, a DeFi lending protocol, is using Chainlink Price Feeds on BSC mainnet to determine collateralization ratios when issuing loans and triggering liquidations, ensuring users get fair market value and robust protection against downtime and manipulation. (Twitter @zero1_flux)

Centaur, a DeFi protocol, is using Chainlink Price Feeds to power their new price derivation algorithm designed to mitigate impermanent loss for DEX LPs. Chainlink’s volume-adjusted aggregated prices ensure readjustments reflect global market conditions. (Twitter @OfficialCentaur) 

Polkamon is using Chainlink VRF on Polygon mainnet to determine the rarity of newly minted Polkamon monster NFTs. Chainlink VRF ensures provably fair distribution of rare traits to users, guaranteeing the integrity of its digital collectibles game. (Twitter @Polkamonorg)

Oddz, an options protocol, will use Chainlink Implied Volatility (IV) Data Feeds across multiple blockchain networks. Chainlink’s high-quality data and tamper-proof infrastructure ensure options contract premiums are calculated accurately and securely. (Twitter @oddz_finance)

New Change FX, a premium data provider, will make its regulated benchmarks available to smart contracts through the Chainlink Network, enabling developers to create DeFi apps based on high-quality data from traditional markets, precious metals and crypto assets. (Twitter @NewchangeFX)

Linkflow, a crypto prime brokerage service, integrated Chainlink Price Feeds on mainnet for their multi-functional DeFi platform, enabling secure crypto-to-fiat exchanges fully supported by Chainlink’s tamper-proof and hyper-reliable price reference data. (Twitter @LinkFlow2)

CardStarter, a Cardano launchpad platform, will integrate Chainlink VRF to access a secure and verifiable source of on-chain randomness, enabling the selection of random IDO participants from the Deuces staking pool in a provably fair and tamper-proof manner. (Twitter @CardStarter)

Bookmaker Ratings, the largest sports betting media outlet in Russia and Eastern Europe, has launched a Chainlink node on mainnet to bring premium sports odds and match results data to leading blockchains, enabling prediction markets, sport-based NFTs and more. (Twitter @bookierating) 

Technoking of Beats, a DeFi-based NFT game, is using Chainlink VRF to randomly determine the Beats NFT a user receives upon triggering the minting process. With a strict supply of only 3,000 Beats NFTs, Chainlink VRF ensures a provably fair distribution model. (Twitter @technokingbeats)

Lepricon, a blockchain-based gaming platform, will use Chainlink VRF for its Lucky Pot O’ Gold NFT draw. The tamper-proof and verifiable nature of Chainlink VRF ensures Lepricon provides all early NFT purchasers provably fair results. (Twitter @lepriconio)

Option Panda is using Chainlink Price Feeds on BSC mainnet for timely premium quotations and secure settlement prices. This allows Option Panda to obtain high-quality data while avoiding single points of failure during data procurement and transmission. (Twitter @option_panda)

Gaugecash, a decentralized monetary system, is upgrading its oracle solution to Chainlink. Chainlink nodes’ credential management capabilities enable the creation of a high-quality decentralized Price Feed for GAU – a weighted average index of 35 fiat currencies. (Twitter @GAUGECASH)

Karura, a DeFi parachain built on Kusama, has integrated Chainlink Price Feeds using the Substrate-based Chainlink Oracle Pallet. This provides Karura developers with tamper-proof, hyper-reliable and accurate price data for building DeFi apps. (Twitter @KaruraNetwork)

JustBet, a decentralized gaming platform, will use Chainlink VRF and Price Feeds on Polygon. With both Chainlink services already live on Polygon mainnet, JustBet is able to obtain time-tested oracle solutions through a seamless integration process. (Twitter @JustBetOfficial)

Ethernity Chain will use Chainlink VRF and Price Feeds to provide provably fair minting and exchange rates for its Authenticated NFT platform. aNFTs are designed by globally recognized artists and creators, with a portion of sales going to charitable causes. (Twitter @EthernityChain)

Dusk Network will integrate Chainlink Price Feeds, enabling developers to combine Dusk’s privacy-focused blockchain with Chainlink’s secure and reliable market data to create confidential DeFi applications that are responsive to real-world data and events. (Twitter @DuskFoundation) 

Pancake Swap has integrated Chainlink’s BNB/USD Price Feed on BSC mainnet to secure their newly launched Prediction product, ensuring Prediction has access to Chainlink’s reliable and tamper-proof price reference data for the closing of each round. (Twitter @PancakeSwap)

PolkaCover will use Chainlink to secure all oracle functions on its Polkadot-based decentralized insurance platform. Chainlink Price Feeds allow PolkaCover to accurately price and pay out insurance policies according to current fair market exchange rates. (Twitter @PolkaCover) 

Badger DAO is using a new DIGG/BTC Chainlink Price Feed to secure the daily rebases of its elastic supply token DIGG. Chainlink’s combination of extensive market coverage and decentralized oracle infrastructure ensures DIGG rebases operate as intended. (Twitter @BadgerDAO)

Nord Finance is using Chainlink Price Feeds on Ethereum to power Nord Savings – a multi-chain yield aggregator for stablecoins. Chainlink ensures secure and timely deployment of user funds while enabling Nord to quickly expand support for BSC and Polygon. (Twitter @Nord_Finance) 

Prospect Now will launch its own Chainlink node to sell premium real estate data across leading blockchains, enabling novel DeFi products, such as derivatives based on future property valuations and real estate NFTs tied to the average price per square foot. (Twitter @ProspectNow)

Vesper Finance will integrate Chainlink to determine the fiat-denominated value of Total Value Locked within Vesper’s yield-generating DeFi pools. Chainlink’s high-quality data and decentralized oracle infrastructure ensure accurate, tamper-proof TVL data feeds. (Twitter @VesperFi)

BORA, a Korea-based digital content and gaming platform, will integrate Chainlink VRF to enhance its dynamic NFT Metaverse, enabling new functions like minting random items for completed objectives and distributing rare characters as community rewards. (Twitter @bora_ecosystem)

UNICEF received a Chainlink Community Grant for its Innovation Fund and CryptoFund. The grant will provide social impact-driven startups with funding and mentorship for building blockchain-based and open-source solutions for emerging markets. (Twitter @UNICEF)

Ethereum’s recent gains, with it reaching an all-time high this week, have led to many investors believing that an “Altseason” is upon us – and many altcoins could stand to generate huge returns for investors. 

“Altcoin season,” or “Alt Season,” refers to the encompassing idea of profit rotation from Bitcoin into “Altcoins” which makes them rally in their BTC and USD pairings. Ethereum is always the first to drive Altseason, thus the recent rally in ETH to all-time highs of $3,454 and also the decline in BTC dominance to the lowest value of 46.2% since August 2018 may signal an upcoming 'Altseason'.

However, to fully harness the benefits of the Altseason, it is essential for investors to bear in mind that the markets are cyclical, and understanding how each phase works is very important.

The accumulation stage is a crucial market phase that occurs after the market has reached bottom lows and smart investors begin to buy the dip. At this phase, prices are very low, and general market sentiment is still bearish as the media predict doom, and those who have held on for long may be tempted to sell their holdings. Then comes a sudden lift in which buyers appear on the scene, the overall market sentiment begins to switch from negative to neutral.

ZAP/USD Daily Chart

ZAP/USD optimism was higher after the crypto market became upbeat about gains in the decentralized oracle tokens despite the correction at yearly highs of $0.4324. ZAP’s rebound at $0.10 resumed in reaction to the Altcoin market's increased dominance on Apr. 26 while reaching a medium-term high of $0.15 on Apr. 28. The token is set to mirror other DeFi token's 200% rebound from their lows.

The break of $0.15 medium-term resistance and daily moving average (MA 200) should confirm short-term bottoming while support from the $0.1189 confluence zone should also affirm near-term bullishness. Overall, ZAP has bounced off the $0.10 mark. It is now trading in the $0.10 to $0.15 range, indicating that the token has reached a bottom.

LINK/USD Daily Chart

The LINK/USD upside run initially held close to recent peak levels near $43 levels in the prior day but retraced to an intraday low of $38.58. Although this correction was very limited given the magnitude of its upside push, the tentative signs indicate a risk of running into higher resistance at the all-time high of $44.40 for a double top.

On the technical side, markets may gradually look for a top around $44.40 and pull back towards the key support zone at the $33.15 level near the moving average (MA 50) structure. A (temporary) easing in the run, on LINK in theory should give bears some relief. Overall, further gains could still be on the cards as long as $38.50 minor support holds.

BAND/USD Daily Chart

BAND/USD fell in early Tuesday’s trading following general declines in the cryptomarket. Fresh weakness retraced Monday’s gains while pressuring the $16.38 support which guards the key MA 50 support at $15.57, loss of which would add to reversal signals and risk deeper fall.

The resistance zone between $19.39 to $23 continues to weigh with a downward daily RSI approaching the mid 50 reading. If the bears take the market below the MA 50 support, the move could meet $12.64 support before meeting the $11.23 level. Even lower, the 200-day SMA could act as a support line at $10.61, shifting the market to bearish.

Most crypto assets have been through the accumulation phase, for instance, Chainlink after reaching highs of $20 in August 2020, entered a downside move with the market hitting bottom lows of $7.31 a consolidation thereof occurred and LINK resumed the uptrend in January 2021. ZAP, a decentralized oracle platform that serves as an alternative to Chainlink could be said to be in accumulation. 

After reaching bottom lows of $0.10, ZAP is presently consolidating its rebound which presents a viable opportunity for investors to buy the dip.

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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Africa’s largest park is asking for contributions for saving its critically endangered mountain gorillas, building green energy sources, and other goals.

By accepting crypto-donations, we make it easier for tech-minded, eco-conscious individuals to directly donate cryptocurrency to Virunga in a tax- efficient way.

The Democratic Republic of the Congo's crown jewel is no stranger to crypto. Because of its surplus clean energy produced by the EU-sponsored hydroelectric plant, Virunga National Park has become a major hub for Bitcoin miners.

Chainlink is an Ethereum-based digital project which creates a link between external data and smart contracts. While the project seeks to promote the adoption of smart contracts, it also works towards ascertaining that information is devoid of anomalies and errors.

Prettily, Chainlink houses a decentralized oracle network which helps the real world and smart contracts exchange data accurately and safely.

Chainlink is a brainchild of a duo comprising Steve Ellis (American development engineer) and Sergey Nazarov (American Fintech enthusiast). Precisely, it is an offshoot of SmartContract.com –a project developed by the duo (Steve and Sergey) with the intent of connecting public blockchains and real world data.

Reading this article further, you’ll find out more vital information about Chainlink including how it works and where to buy/sell its tokens.

Chainlink works as a platform that basically incorporates a decentralized network (the Chainlink network) and a token (the LINK token which is Chainlink’s native cryptocurrency). Broadly, this (decentralized) network consists of nodes for the sale and distribution of data. Also, it allows for the creation of APIs and certain other platforms so as to facilitate the use of smart contracts by companies, businesses, projects, etc.

For its effective functioning, the Chainlink network depends on the smooth interoperability of its off-chain and blockchain elements. In other words, Chainlink’s off-chain and blockchain are required to work together for the smooth operation of the network. While the off-chain element is composed of Ethereum-linked oracle nodes, the blockchain follows the metrics demanded by the smart contract for the filtering of oracles.

Chainlink is working towards providing a network that is usable with the trio of Ethereum, Hyperledger and Bitcoin. While there are ongoing efforts to make Chainlink compatible with other blockchains, it is notable that Chainlink launched its mainnet on Ethereum in 2019 to provide lots of users with a decentralized network of oracle nodes.

LINK tokens do not have a specialized one-currency wallet for storage. However, holders –particularly people with relatively small counts of tokens –can store their tokens on Bithumb, Binance or related cryptocurrency exchanges.

Storing your LINK tokens on a crypto exchange may appear convenient to you but you should note that this doesn’t guarantee optimum security. If you’re really keen to ensure adequate safety for your LINK tokens, you may consider storing them in Ethereum wallets. In another sense, you may want to consider hardware wallets for the storage of your LINK tokens. While this likely guarantees high security, some of the hardware wallets you can try are Ledger Nano and Trezor.

Provided that ERC20-token-compatible wallets are the only storage alternatives on your mind, some of the options you can opt for are MyEtherWallet, MyCrypto and MetaMask.

LINK tokens are tradable across crypto exchanges on the web. While online exchanges happen to be the most reliable means for trading in LINK tokens, below is a list of the top exchanges where you can buy/sell LINK tokens:

It is noteworthy that lots of exchanges out there are suitable for trading in LINK (tokens) in terms of both crypto and fiat. Besides the fact that its LINK tokens are tradable across multiple exchanges, Chainlink is widely used in fields ranging from multi-level marketing down to insurance, stock exchange, logistics and gambling.

Hopefully, this review article has opened your eyes to what Chainlink is all about. While Chainlink is certainly a vibrant digital project, it could as well serve as a valuable item for businesses/companies concerned with gambling, logistics, insurance, marketing, stock exchange, etc.

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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

Mimblewimble-based privacy coin Beam has become the latest cryptocurrency project to integrate Chainlink’s oracle solution, according to its Nov. 27 blog post. 

Chainlink’s oracle feed framework will be used for Beam’s confidential stablecoin protocol and its ERC-20 bridge.  

Beam enabled support for confidential assets back in June during the EE 5.0 release by executing its third hark fork. CAs can be pegged to cryptocurrencies as well as legacy assets such as gold. Beam users are able to create these assets by locking 3,000 native beam tokens.           Earlier this month, the project launched the experimental version of the BeamX platform that aims to bring privacy to the burgeoning decentralized finance industry and potentially chip away at Ethereum’s share of this market.   According to data provided by DeFi Pulse, the total value locked in various DeFi projects currently stands at a whopping $12.5 billion. However, leading projects like Compound and Maker don’t offer enough privacy, which Guy Corem, board director at the Beam Foundation, considers essential:    

BeamX will make it possible to write DeFi applications in numerous programming languages.   The launch of its mainnet version of is slated to happen in the first quarter of 2021.

Oracles play a pivotal role in connecting blockchain to real-world data. Chainlink has already become a go-to solution in the DeFi industry, and it appears that it will be instrumental in its privacy-focused niche as well.

Beam has chosen Chainlink because of its “premium data” and “decentralized security.” Corem claims that its high-valued oracles will be able to provide reliability and security:    

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

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.

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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.

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