Is Chainlink As Promising as Bitcoin (BTC) and Ethereum (ETH)?

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Umme Haani
Umme Haani is a writer for Thecoinrepublic. she contributes a researched piece on cryptocurrencies and updates. Umme is an aspiring engineer who immensely enjoys writing and technical writing brings the best of both worlds under one roof for her.

 SHORT INSIGHTS 

  • Tyler compares Chainlink to the prominent cryptocurrencies-Bitcoin and Ethereum. He claims that Chainlink is promising in real-time. 
  • Kris Humphries tweets that Chainlink is an ideal solution to the data problems faced currently in the field of decentralisation
  • David Gokhstein who is a Republican candidate for the House in 2020 stated that Chainlink seems to be highly undervalued.
  • Chainlink knocked an all-time high of $5.01in March. 

Gemini Exchange CEO is all praises for Chainlink 

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Tyler Winklevoss who is one of the infamous crypto billionaire Winklevoss twins and also the Co-founder of Gemini exchange was all praises for Chainlink. 

Chainlink is a decentralized oracle. This token experienced an enormous growth in the start of the year 2020. Chainlink reached its all-time high(ATH) in March this year.

Tyler performed a comparison of Chainlink to the prominent cryptocurrencies-Bitcoin and Ethereum. He acclaimed that this blockchain is promising in real-time and shows technical merit.

Chainlink being a decentralized oracle aims for the connection of blockchain smart contracts to real-world data. This is to ensure trustworthiness and efficiency in the flow of information. 

The Blockchain community called Link Marines has reported growth on a daily basis. For a few months, this community has observed a not-so-usual following on the social webs. 

LINK shows similar pace in growth as BTC and ETH

These two prominent cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH) , have set an example at the pace they grew in their early days. Tyler believes that Chainlink is also showing a similar growth in its current community.

Kris Humphries, NBA basketball player also praised the token. He added it is an ideal solution to the data problems faced currently in the field of decentralisation.

He tweeted that the world has been relying on data. And that, Chainlink can bring in data into smart contacts through a secure way. He referred to it as the current solution. 

Nonetheless, David Gokhstein who is a Republican candidate for the House in 2020 stated that Chainlink seems to be highly undervalued. It is undervalued in the contexts of development and partnerships. 

To enlighten the progress of Chainlink:

The U.S based Gemini crypto exchange supported Chainlink (LINK) besides Maker’s Dai (DAI) stablecoin and Orchid Protocol (OXT) pairs. This came to light the previous week. 

During the second half of the year 2019, Chainlink (LINK) owned potential for high growth along with Tezos (XTZ). This growth continued for Chainlink in the year 2020 too.

 Chainlink knocked an all-time high of $5.01in March. This occurred before the sudden crash on March 12. This crash led to $1.34 support levels on Mar. 12. However, in the time of a month it has ascended over 150%. Therefore, provisioning gains in the crypto field. 

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