The first few weeks of 2020 have been a bit of a mixed bag for the crypto sphere, but one of the most remarkable happenings has been the rally in Chainlink (LINK). The cryptocurrency has gained as much as 50% over the course of the past month and has emerged as one of the tokens to watch for market participants.

We’re taking a closer look at the LINK project. Over the years, plenty of new projects have emerged in the blockchain space, but LINK has proven to be one of the more interesting ones.


Key Analysis

Since it started its operations, Chainlink has managed to emerge as one of the more progressive blockchain projects in the industry, and it is no wonder that people are now taking notice. In recent times, the LINK token has actually outperformed many other tokens.

Many of the leading altcoins in the crypto space have been beaten by LINK, and at some points, it even managed to outperform Bitcoin. Experts believe that the sort of performance that LINK has delivered so far is an indication that it could end up being one of the best-performing crypto tokens in 2020.

One of the most important creations by the project has been the Chainlink Oracle, a venture aiming to expand its usage considerably. It is the flagship product that the venture has produced so far. Chainlink is also in the process of building apps that are highly important for those working with data.

>> Kik Adviser to Face Deposition from SEC This Week

Such apps are expected to have great demand in the crypto space, and those offerings could prove to be a major step for Chainlink. At the end of the day, blockchain projects can only grow if they can find appropriate use cases and applications. In that regard, Chainlink has done well, and the rally in the token is hardly surprising.

Featured image: DepositPhotos © eskaylim

If You Liked This Article Click To Share

/* p > a { text-decoration: none; color:#000 !important; } .crec-ad > p > a:hover { color:#000 !important; text-decoration: underline; } @media(min-width:1228px){ .crec-image img{ width:191px; height:100px; } } @media (max-width: 1228px) { .crec-ad { width: 50%; box-sizing:border-box; } .crec-image img{ width:100%; height:158px; } .crec-ad:last-child { width: 50%; padding-right: 4px; } } @media (max-width: 590px) { .crec-ad { width: 100%; } .crec-image img{ height:auto; } .crec-ad:last-child { width: 100%; padding-right: 4px; } .crec-header h1 { padding-left:20px; } .crec-container { padding-left:20px; padding-right:20px; } }


About the author

E-Crypto News was developed to assist all cryptocurrency investors in developing profitable cryptocurrency portfolios through the provision of timely and much-needed information. Investments in cryptocurrency require a level of detail, sensitivity, and accuracy that isn’t required in any other market and as such, we’ve developed our databases to help fill in information gaps.

Related Posts

E-Crypto News Executive Interviews

Crypto Scams

Cryptosoft Trading Bot Review
June 27, 2022
The Largest Crypto Scams Of 2022 (So Far)
The Largest Crypto Scams Of 2022 (So Far)
June 14, 2022
How Do Scammers Entice Their Prey?
May 10, 2022
Beanstalk Farms Loses $80M In A Massive DeFi Governance Flash-Loan Hack
Beanstalk Farms Loses $80M In A Massive DeFi Governance Flash-Loan Hack
April 23, 2022
Joon Pak Head of Crypto at Prove talks to Us about Crypto Fraud And More
April 11, 2022

Automated trading with HaasBot Crypto Trading Bots

Blockchain/Cryptocurrency Questions and Answers

Roundtable Interview-What is the Effect of The Russia-Ukraine War on Cryptocurrency Prices?
March 4, 2022
How Does Bitcoin Casino Work + 2021 Beginner’s Guide
November 8, 2021
How to Buy and Sell Cryptocurrency
November 8, 2021
What Are Bitcoin Futures And How Will They Work In 2022?
November 4, 2021
The Unconventional Guide to Ethereum
October 28, 2021

CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin20,779 0.32 % 2.36 % 1.28 %
Ethereum1,186.3 0.19 % 2.62 % 5.38 %
Tether1.002 0.02 % 0.16 % 0.20 %
USD Coin1.003 0.13 % 0.19 % 0.07 %
BNB232.27 0.58 % 2.99 % 8.15 %
Binance USD1.004 0.55 % 0.42 % 0.15 %
XRP0.3532 0.12 % 2.85 % 8.44 %
Cardano0.4924 0.51 % 2.72 % 1.78 %
Solana38.65 0.01 % 4.08 % 13.05 %
Dogecoin0.07257 0.82 % 1.18 % 19.83 %

Bitcoin (BTC) $ 20,727.00
Ethereum (ETH) $ 1,183.96
Tether (USDT) $ 1.00
USD Coin (USDC) $ 1.00
BNB (BNB) $ 231.12
Binance USD (BUSD) $ 1.00
XRP (XRP) $ 0.35254
Cardano (ADA) $ 0.490223
Solana (SOL) $ 38.64
Dogecoin (DOGE) $ 0.072732