Nov 6, 2020

Price, market and trading discussion is strictly prohibited. At the time of this article’s writing, the market cap of LINK was right at $850 million, a position which makes the crypto the 19th largest in the cryptoeconomy presently. Save my name, email, and website in this browser for the next time I comment. Since then, it has gone up steadily to reach $11.71 on 12 momentarily before another slight dip below $10, a critical psychological level for the coin. Or is it an overhyped project … Tech giants Oracle and Google recently announced plans to use Chainlink’s network for data sharing purposes …  But I still don’t understand the economics of the token itself? In making that estimation, Selkis brought up the already public Chainlink as among examples of token projects that had large treasury war chests that could be sold off relatively fast. Out of the total supply of 1 billion. The buzz around the crypto also helped to push LINK to a new all-time high of $4.36, which was achieved briefly last summer. Another wrinkle of interest on the minds of many Chainlink proponents is the prospects of further major adoption developments. Welcome to the Chainlink subreddit, a place for focused and technical discussion of decentralized oracles. You should, however, proceed with caution and never invest more than you can afford to lose. For most, it’s a bullish joke made in good fun. The startup arm of software giant Oracle partnered up with Chainlink to help startups sell their data. This subreddit is for discussion of all things relating to Chainlink and the LINK token including operating a node, … Brotherhood of LINK Marines. Chainlink Price Prediction: Analysis. Press Esc to cancel. The rise is not necessarily surprising: Oracles are tough to build and highly in demand, and Chainlink is one of the earliest efforts to make interesting headway in the arena. Reaching the next milestone is exciting, but positioning yourself ideally for 2021 and beyond will be the ultimate reward.”. This may coincide with the Golden Cross of the 20 MA over the 100 MA. Like other Ethereum-based efforts that have taken similar leaps, the Aave team said it would have been difficult and out of the way from their project vision to build an in-house oracle solution; thus after deliberation, Chainlink was chosen as an ideal fit. He enjoys tracking smart contracts, DAOs, dApps, and the Lightning Network. Of course, WalletInvestor can’t account for all sorts of developments that will occur in the months ahead, so take these predictions with a grain of salt. RSI is at a hard low right now, price is still extremely high since the start of the run. Selkis did have more specific comments for Chainlink in his “Theses,” too. It has risen from under $2 in January to the current nearly $20 before experiencing a pullback. Well, WalletInvestor’s machines are. Send Tip now! Let’s survey some notable predictions on where the project could be heading in the short-term to get a better feel for what its horizon might look like. Check the FAQ and the front page first. Price, market and trading discussion is strictly prohibited. Here are some market opinions from some major analysis websites. Wanted to share that announcement here and get to know the Chainlink community! Where do you place within the LINK marine rankings? Traders are Using the Most Leverage Ever as Bitcoin Nears Key... Bitcoiner Elected to US Senate: Cynthia Lummis Sees ‘Great Promise’ in... Ethereum is Stuck Below a Crucial Level, But Analysts Aren’t Worried. https://messari.io/pdf/crypto-theses-for-2020.pdf, https://www.fxstreet.com/cryptocurrencies/news/chainlink-is-about-to-smash-sma100-daily-for-the-first-time-since-november-2019-202001080810, https://medium.com/@timo.harings/why-i-think-barclays-is-working-with-chainlink-c840393adf29, https://walletinvestor.com/forecast/chainlink-prediction, https://medium.com/aave/the-aave-oracle-network-powered-by-chainlink-is-now-live-45bb8a5a8c4e. Ryan Selkis is a crypto commentator and a co-founder of the Messari crypto research hub. On January 8th, 2020, the chartist estimated that a sustained move over a LINK price of $2.3 could pave the way for an eventual run up to $3. I'm from GET Protocol - We're a blockchain ticketing / crypto project from Amsterdam. Sure, let’s circle back on the joke if Chainlink starts revving up toward helping to secure trillions of dollars daily like the SWIFT payments system currently does now, but that would-be bar is astronomically far away at present. Maybe Barclays, maybe not. News. That price range didn’t pan out by January 1st, but only a few days after later a new wave of acute buy pressure throughout the cryptoeconomy and around LINK has put $3 in the direct sights of traders. Outside of Chainlink, various DeFi protocols – MakerDAO, Compound, and UMA among them – also introduced new oracle designs in 2019 to remove the layer of trust associated with their price feeds.”. Chainlink is the 6th largest cryptocurrency by market capitalization according to crypto market data aggregator CoinMarketCap. As shown by a smaller MA (10), the cross has already happened which means it could be a matter of time before the 20 MA does the same. Ecosystem. To be sure, the Google Cloud, Oracle, and Thomson Reuters news was extremely legitimizing for Chainlink for 2019 and could portend similar mainstream embraces to come. Will 2020 be another ripper of a year for Chainlink and its crypto, or will the next 12 months prove steady for the project on the heels of it advancing so far so fast? An unofficial Chainlink community. And Thomson Reuters began work on a proof of concept (PoC) that would meld the firm’s Contract Express service with smart contract tech using Chainlink. coindoo.com is author of this content, TheBitcoinNews.com is is not responsible for the content of external sites. Built on the Ethereum blockchain, it is an ERC20 token that has a market cap of $4,284,692,102 and a circulating supply of 390,009,556 LINK. At press time one week later, LINK was in fact trading just above that $2.3 mark. Do not respond to price discussion. $1,774,897,343 worth of LINK have been traded in the last 24 hours. LINK $1,000 incoming? Direct such discussion to the community operated /r/LINKTrader. Factsheets. wanting to rely on Chainlink rather than building out their own oracle tech. William M. Peaster is a professional writer and editor who specializes in the Ethereum, Dai, and Bitcoin beats in the cryptoeconomy. The meme is strong with this one. LINK is one of the fastest growing cryptocurrencies, rising from the 30th position to its current place. We take a look at what the experts think is in store for Link over the next 12 months. By this metric, XRP has a could-be-market-dumped liquid treasury of $2-3 billion, XLM has a could-be-market-dumped liquid treasury of $800 million, and Chainlink has a could-be-market-dumped liquid treasury of $600 million. Notify me of follow-up comments by email. The team is firing on all cylinders, and it’s become increasingly obvious that they are planning many quarters ahead – seemingly always timing their moves to dovetail with the development of the wider market. It has risen from under $2 in January to the current nearly $20 before experiencing a pullback. LINK Marine Ranks. But that was last year, and a new year is upon us. He's learning Solidity, too! This includes casinos and prediction markets. LINK is one of the top performing cryptocurrencies in 2020. Smart Trading Automation Now Available on the Altrady Crypto Trading Platform, 10 Predictions for Ethereum, DeFi & Beyond in 2021, BitMart’s Halloween Special Event to Give Away 264,000 SAND and 25,000 BMX. Timo Harings is a Chainlink community pundit who’s decidedly bullish on LINK. Since the end of September, LINK has been on a downward trend into early October, reaching as low as $8.61 on 8 October from the opening price of $9.88. While the details of when staking will be activated are still fuzzy, staking pools like LinkPool are already cropping up to service the community. Your post should be informative and intended to stimulate educational discussion. The decentralized oracle project Chainlink was one of the big winners in the 2019 cryptoeconomy, particularly on the fronts of adoption, partnerships, and price action. Based on our forecasts, a long-term increase is expected, the price prognosis for 2025-10-25 is 73.328 US Dollars. There’s no indication it’ll happen in 2020, but might things look if it did? Looks like you're using new Reddit on an old browser. One of the largest milestones yet in the project’s young history came last year when Chainlink went live with its mainnet activation. Chainlink (LINK) Search Trends. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. This will mark the beginning of a bullish trend. The site may not work properly if you don't, If you do not update your browser, we suggest you visit, Press J to jump to the feed. Factsheets. 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