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Chainlink collaborates with Synthetix.io; HPB Global announced deal causing $LINK to ascend

Bitcoin

Chainlink is ranked at #19, beneath IOTA in the market. The altcoin is in the green zone, with a boost rate of 1.14% associated with it. The supply has 350,000,000 LINK tokens in play, whereas the trading volume recorded stands at $65.569 million. The total market cap of Chainlink is $723.427 million. As of this moment, LINK is priced at $2.07 and might soon head to a better position on coinmarketcap.

The HPB partnership was announced a day ago on Reddit. In order to know more about this, you can read a detailed write-up right here. Chainlink has been working diligently to provide efficient oracle solutions for SWIFT and various other groups.

High Performance Blockchain has a hardware chipset i.e. the Blockchain Offload Engine will be forwarding random number solutions to clients of the Chainlink network. In the case of Chainlink, off-chain facilities are connected to on-chain smart contracts [know more about “Oracles” and various LINK integrations that have occurred in 2019].

Kain Warwick of Synthetix.io recently had an interview with The Defiant. SNX has been soaring for the past few days. Kain said, “ChainLink is the most advanced one that we’ve been speaking to and I think there’s a lot of interest in supporting us…”

Over the passage of the first quarter, LINK has gathered momentum from numerous institutional investors. It has also been incredibly bullish ever since it got listed on Coinbase Pro. Although, 20% of the current trading volume hails from Binance, according to data on coinmarketcap.

Disclaimer - OBN is an informational website which aims to give the latest blockchain related news to the readers. Articles on OBN should not be considered as investment advice. Trading cryptocurrencies is a high-risk investment, every user is advised to consult an expert before making any decisions.