Why Record High $11B Inflow In DeFi Buoys Chainlink Momentum
The total value locked away in DeFi applications has breached over $11 billion and is still climbing. This record inflow of decentralized finance capital could continue to propel Chainlink’s bullish momentum further. Here’s why this cryptocurrency central to DeFi data could surge higher alongside this rapidly skyrocketing statistic. DeFi Inflows Peak Over Record $11 Billion, […]
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Bids for popular decentralized finance token Chainlink (LINK) increased in the five-day period ending Monday. The Chainlink’s governance token added $3.42, or 42 percent, to establish a month-to-date high at $11.90 in the said interval. Its gains followed a steep downside correction of more than 60 percent from its record high at $20.53 – and […]
Chainlink may have rebounded with a record-breaking single-day rally, it did so after a 60% fall from its all-time high set just over a month ago. A key indicator measuring momentum has flipped bearish on weekly timeframes for the first time since the parabola began. Is this a sign that momentum is about to slide […]
Chainlink has traded over 500 days in a tight range between $5 and $9. While it might feel as though there is no end in sight to the sideways price action in LINK, a high time frame momentum change could finally send prices out of this range ands soaring higher. Here’s why. Chainlink On The […]
Chainlink the Whitepaper for its second iteration. Chainlink 2.0 has been created to allegedly take the “next steps in the evolution of decentralized oracle networks”. With one of the most used applications in DeFi, these protocols need oracles to feed them with off-chain information. In the new iteration, Chainlink could go beyond, as the document […]
Chainlink's LINK token set a new record price early on Monday, and other altcoins are seeing solid gains.