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Here’s Why Chainlink (LINK) Is up Over 66% in the Past Month

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Here's Why Chainlink (LINK) Is up Over 66% in the Past Month
via QuoteInspector.com

Chainlink (LINK), a decentralized oracle network, has gained significant momentum over the past month as investors continue to make bullish bets on the altcoin’s future.

Since December 10, LINK’s price has surged more than 66%, making it one of the top performing cryptocurrencies over the period.

Here's Why Chainlink (LINK) Is up Over 66% in the Past Month

Chainlink’s price first took off in December after a series of partnership announcements, including arrangements with ETHA, Mobilum and STK, and it hasn’t looked back since. With each partnership, Chainlink’s technology will provide custom blockchain oracle solutions.

For example, the partnership with STK is set up to bring a secure solution that can easily connect STK smart contracts to APIs and send payments from our smart contracts to bank accounts.

Chainlink also recently partnered with Wanchain (WAN), a blockchain platform that connects and exchanges value between different blockchain ledgers, to bring traditionally off-chain information, including APIs, payment gateways, or feeds of data and information to Wanchain. These oracles will eventually be deployed on the Wanchain network, allowing developers to gain access to otherwise unavailable data when developing interoperable decentralized applications (dapps).

LINK is currently down 10.6% on the day to $0.359353, giving the altcoin a $125.8 million market cap and making it the 41st largest cryptocurrency.

READ  Canadian Regulated Bitcoin Trust Achieves Mutual Fund Trust Status
More: AltDex 100 Index
Related: Wanchain Partners With Chainlink (LINK) to Access Real-World Oracle Data

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.





coindesk.com

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