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Chainlink {LINK} lurches forward; Morpheus Labs partnership, LINK to be listed on OceanEx


Chainlink is ranked at #16, beneath Dash but above Tezos in the market. A boost rate of 1.82% was felt in the course of the past 24-hours. The trading volume recorded is $87.898 million, while the supply has 350,000,000 LINK tokens in play. The total market cap of Chainlink is $799.895 million. As of this moment, LINK is priced at $2.29.

2 days ago, it was announced that OceanEx, a leading exchange would be listing Stellar [XLM] as well as Chainlink [LINK]. Trading, withdrawal, and deposits have kicked-off and operations have been going on in a smooth manner.

Google, Oracle and many other top organizations have planned to use services offered by the Chainlink network. LINK aims to connect real-world data to smart contracts in an effective manner, to boost decentralization. This year, Chainlink had entered the top 20 list after a Coinbase listing and numerous partnerships.

LINK has seen a lot of growth in a span of 3 months. The LINK/USDT candlestick chart points to bullish pressure being prevalent in the market. The daily RSI [for 10 periods] stands at 44.67 for now. So far, the MACD line remains slightly north of the signal line, and the histogram is green. Bullish divergence was noted after 9th August, and since then LINK has established support near the $2.137 mark.

If LINK manages to climb within the next few days, a barrier at $2.73 may hamper growth.

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.