Chainlink LINK Shows Robust Attributes, Overtake Bitcoin’s Volume on Coinbase: Expert

Steve Anderrson
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain. Join the official channel of thecoinrepublic, For the latest news updates: https://t.me/thecoinrepublic
  • LINK’s volume is increasing rapidly, and at this pace, chainlink surpassed Bitcoin’s volume for 4 consecutive days on coinbase.
  • ChainLINK is trading at $8.48 and has a circulating supply of 350,000,000 LINK.
  • An all-time high price of $8.74 attained by the coin today and consequently achieving a market capitalization of $2,969,452,882. 

LINK (LINK) is a decentralized Oracle network that aims to attach Smart contracts with facts from millions of data centers. Currently, ranking at #8, this Oracle network is showing signs of tremendous growth, prosperity, and success. 

According to a tweet from Larry Cermark, LINK’s volume is increasing rapidly, and at this pace, chainlink surpassed Bitcoin’s volume for 4 consecutive days. Cermark, a Czechian business professional who is a digital asset expert, posted this tweet on 15th July 2020. 

Token Evaluation And Actionable Signals

Currently, ChainLINK is trading at $8.48 and has a circulating supply of 350,000,000 LINK. An all-time high price of $8.74 attained by the coin today and consequently achieving a market capitalization of $2,969,452,882. 

chainlink

The momentum of ChainLINK depicts its bullish nature and has a massive Net Network Growth of 6.03 percent. 

Developed by Sergey Nazarov, this ChainLINK Oracle network was just 15 percent of Gemini’s volume on 14th July. 

According to sources, people are now willing to drop Litecoin and buy $LINK Marines instead. Many people also believe that LINK will feature in the top 5 very soon. By seeing such a resilient nature, cryptocurrency owners have started calling $LINK the new $ETH. 

A few experts believe that Bitcoin is a novel coin; however, it cannot provide solutions to enterprise needs, and that’s where LINK comes in. They also believe that $LINK will surpass $BTC’s market capitalization in no time. 

Chainlink (LINK) Unique Functionality

ChainLINK is an Oracle network system that aims to connect blockchain technology based smart contracts to real-world applications. Blockchain cannot obtain data outside their network, and hence oracles used. The function of the Defi instrument is to feed data in smart contracts. 

External facts are furnished by way of oracles that trigger the execution of smart agreements upon fulfillment of predetermined conditions. Hence, Bitcoin is not capable of performing such functions, and people have understood this inflexible character it possesses.

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