Cryptocurrency

Chainlink reached a new historical maximum

There has not been a day in this week on the Chainlink (LINK) are not surprised with a major move, but today reached a new historical maximum.

Chainlink is pointing to the stars

Probably many are still wondering: why has been ringing so much in the news Chainlink? For those who don’t know, consists of a network oracle decentralised that aims to connect contracts smart with real-world data and its token, LINK is used to pay for the services in the network.

But, much more simply, “Chainlink is, in essence, a means to close the gap between the world of the chains of blocks, and the outside world,” explains Charles Hayter, CEO of CryptoCompare.

But it has sounded both in the media because it has become the crypto-surprise of the year. In fact, as we reported in CriptoTendencia, LINK has had a performance more spectacular during the 2020.

Reaches new peak

In this sense, in the last 24 hours LINK has increased by approximately 10%, beginning the day with a valuation of $ 16,93 to $ 18,67 at the time of writing.

However, it was only a few hours criptomoneda of Chainlink reached a new historical maximum of $ 19,51, according to CoinMarketCap, and $ 19,73 according to Coin360.

Price chart LINK in the last 24 hours. Source: CoinMarketCap

By what Link had flirted with the threshold of $ 20 and is solidified in the position number five of the cryptocurrencies largest according to their market capitalization.

What Link is going for more?

As we reported in CriptoTendencia this week, in his moment it seemed that the criptomoneda not seemed to address any barrier that may prevent to reach new maximum. In fact, a few days after we see how she does.

However, at the time, inform you timely that Timothy Perterson, analyst, professional, predicted that the growth in the use of the network and historical deviations could lead to a Link to the $ 32 before the end of the year.

But, beware, Peterson explains that that price could not be sustainable. By indicating that “investors who buy at high levels are at risk of losing 50% or more of your investment”.

Also, this week, Santiment made public an investigation where it concludes that the investors of Chainlink could “be increasingly undecided about their prolonged rally”.

And that is, certainly, the scope of Chainlink is not limited to DeFi but extends. So that nobody is surprised that the integrations and associations views have boosted the price. But, the question is, to where you can reach.

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About the author

Belinda Carey

Belinda Carey

A finance girl by education, Belinda has been drawn to cryptocurrencies ever since Bitcoin first emerged in the 2009. Nearly a decade later, Belinda is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies.

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