Chainlink is ranked at #16, below DASH but ahead of Tezos and NEO on coinmarketcap. The price of LINK grew at a rate of 1.65% in the course of the past 24-hours. The trading volume recorded is $52.707 million, while the supply remains at 350,000,000 LINK for now. The total market cap of Chainlink is $819.410 million. As of this moment, LINK is priced at $2.34.
2/18 – @COTInetwork deploying GTS on Link to support trust based events for smart contracts
– Chainlink Marketplace released
– @Wetez_wallet becoming a chainlink node operator
– @CTXCBlockchain’s Chainlink integration, AI smart contracts will pull in trusted real-world data
— Cryptonite⚡ (@Teaching_Crypto) August 15, 2019
For the last few months, Chainlink has outperformed the majority of the altcoins in the market. A day ago, LINK and XLM got listed on OceanEx, a leading exchange platform. This had helped Chainlink and Stellar to gain some pace in the market.
Well, one of my old friends just messaged me asking me if ChainLink is the same as Bitcoin in terms of irreversible payments. Long story short, one lucky $LINK marine just received over 10,000 #Link by accident. Christmas in August 😅 Enjoy it. But please don’t sell it. #HODL
— trey (@ChainIinker) August 14, 2019
decentralized oracles have been a growing phenomenon this year. Chainlink enables data in the real world to be connected to smart contracts. “Oracles” bring about connectivity that leads to execution of smart contracts when certain conditions are fulfilled. Chainlink has been bullish these past few days, even when the rest of the market looked bleak.
For the LINK/USDT pair on tradingview, we can see that the Ichimoku Cloud is still green. This indicates that bulls are in control for now. The daily RSI [for 10 periods] is at 48 and seems to be heading upwards. The MACD line has remained above the zero line since 4th of August. All this data points to buying pressure being prevalent.