CHAINLINK price, news and Forecast (LINK US DOLLAR)
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What does the future hold for Bitcoin price as Ethereum’s ‘Merge’ narrative takes over?
Bitcoin price has been on a downswing since the July 30 swing high rejection at a significant resistance level. This development has pushed BTC to slide lower and retest crucial support floors while hinting at a potential for a further move south.
Chainlink Price Prediction: Is it finally LINK marines' turn to reign?
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Chainlink price shows an interesting setup after weeks of being stuck in a range. The recent development indicates that LINK buyers and bulls are back and want to enjoy gains. A daily candlestick close below $6.38 will invalidate the bullish thesis for LINK.
Crypto Sleeping Giants: Telcoin price - A 3,000% rally is possible
Telcoin price is this first choice for potential movers in a crypto bullmarket. The digital asset has a very optimistic macro outlook. Telecoin price has the potential to shock the world. The technicals suggest a rally towards all-time highs at $0.05 is still possible.
Ethereum Classic Price Prediction: Is this the pullback we’ve been waiting for?
Ethereum classic price has more upside potential but finding an entry point will be challenging. Ethereum Classic price currently trades at $33.88 as the bears take full advantage of the profit-taking consolidation near the $40 congestion zone.
Bitcoin: Is BTC out of the ‘bearish’ woods yet?
Bitcoin has overcome the 200-week SMA and 30-day EMA, denoting a major surge in bullish momentum. As a result, BTC could revisit anywhere from $25,000 to $30,000 soon. A daily candlestick close below 200 four-hour SMA at $21,117 will invalidate this bullish thesis.
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WHAT IS CHAINLINK?
Chainlink is a decentralized oracle network that greatly expands the capabilities of smart contracts by enabling access to real-world data and off-chain computation while maintaining the security and reliability guarantees inherent to blockchain technology.
LINK tokens are the digital assets used to pay for services on the network.
Characteristics of Chainlink
Chainlink main objective was creating a blockchain that allows users to connect with real world data.
- Chainlink makes it possible for users to work with off-chain data.
- It offers the possibility of making payments through a contract to any payment system or banking network.
- Its users can use smart contracts which includes an oracle reputation called a service level agreement. It punishes the oracles that violate network rules or provide incorrect data.
- Uses an aggregation contract to collect all the off-chain oracles’ data to create a weighted aggregate response.
Differences between Chainlink and Bitcoin
Which are the main differences betweeen LINK and BTC?
- LINK demand and value of the tokens is directly correlated to the number of operators that offer off-chain services to the system.
- The LINK token is described by developers as an ERC-20 token, with the additional ERC-223 “transfer and call” functionality.
- The LINK token sale was capped at $32 million, with a total supply of 1 billion LINK tokens.
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