Aave and Chainlink hit new highs as Bitcoin price fights to hold $32K

Bitcoin (BTC) price opened the weekend trapped within the $33,500 to $32,000 range but at the time of writing the digital asset is struggling to hold above $32,000.  A few analysts have warned that the recent price loss of momentum may be a sign of ‘institutional exhaustion’ as selling pressure from Asia has increased since Jan. 19. Despite Bitcoin’s current downtrend, some institutional investors are sticking to their prediction that BTC price will reach $100,000 before the end of 2021. This suggests that institutions are buoyed by rising investor sentiment…

Chainlink now bigger than Litecoin as LINK price hits new high above $24 — What’s next?

Chainlink (LINK) remains to be one of the best performing cryptocurrencies in the past twelve months. As of Jan. 23, LINK is now bigger than Litecoin (LTC) and now number seven at $9.2 billion market capitalization, after surpassing Bitcoin Cash earlier this week. The LINK price surge also coincided with rumors this week that Grayscale is preparing to add a Chainlink Trust product. This news event likely played a part in the price of Chainlink rallying toward new all-time highs, making LINK, once again, one of the best performing cryptocurrencies. What is…

Chainlink (LINK) Holding Uptrend Support, Why It Could Rally Again

Chainlink (LINK) rallied towards the $24.00 level before correcting lower, similar to bitcoin and Ethereum. The price is now trading near a major support zone at $20.00. Chainlink token price traded as high as $23.79 before starting a downside correction against the US dollar. The price is trading above the $20.00 support and it is well above the 100 simple moving average (4-hours). There is a connecting bearish trend line forming with resistance near $21.70 on the 4-hours chart of the LINK/USD pair (data source from Kraken). The price could…

Is Chainlink Centralized? A Breakdown of Token Distribution

Key Takeaways Chainlink node operators hold 35% of the supply, the team holds almost 25%, and exchanges hold 16%. Funds held by the team are aimed towards bootstrapping development. No wallet outside of teams, nodes, or exchanges holds over 1% of funds. The DeFi news category was brought to you by Ampleforth, our preferred DeFi partner Share this article Alex Svanevik, CEO of the Nansen blockchain AI firm, chastised media today for skirting over important details and spreading “FUD” regarding Chainlink’s token distribution. Hey @Cointelegraph may I recommend you get…

Chainlink surpasses Bitcoin Cash making LINK the 8th largest cryptocurrency

Chainlink (LINK), the oracle-focused blockchain protocol, surpassed Bitcoin Cash (BCH) to become the eighth-biggest cryptocurrency as of Jan. 18. The market capitalization of Chainlink now hovers at $9 billion and roughly $500 million away from the next biggest crypto asset, Litecoin (LTC). LINKUSDT 1-day price chart (Binance). Source: TradingView.com Why is Chainlink surging so rapidly? The price of Chainlink rose by 13% in the last 24 hours and the momentum of LINK likely comes from the positive sentiment around DeFi. The DeFi market as a whole has been rallying strongly…

Chainlink (LINK) Remains In Strong Uptrend, Why It Could Test $25

Chainlink (LINK) rallied after it broke the $18.00 and $20.00 levels, while bitcoin and Ethereum remained in a range. The price is correcting gains, but dips could be limited below $21.50. Chainlink token price is gaining strength and it already broke the key $20.00 level against the US dollar. The price is correcting lower from $23.76 and trading well above the 100 simple moving average (4-hours). There is a key bullish trend line forming with support near $21.55 on the 4-hours chart of the LINK/USD pair (data source from Kraken).…

Chainlink Hits All-Time Highs, LINK Bulls Enter Price Discovery

Key Takeaways Chainlink’s native token has seen its price surge by more than 55% in the past three days. LINK’s impressive rally has pushed it to new all-time highs, and bulls may ride the momentum further. If buy orders continue to pile up, LINK could rise to $25 or higher.  Share this article Chainlink has just hit all-time highs and entered price discovery mode. Despite the bullish move, a particular technical indicator suggests that LINK’s new uptrend has just begun. Chainlink Rises to New All-Time Highs Chainlink made headlines following…

Chainlink Posts Strong Rebound; Why It Could Soon See a Bullish Trend Shift

Chainlink has been severely underperforming Bitcoin throughout the past few weeks, with the crypto remaining well below its 2020 highs despite Bitcoin’s strength Many altcoins have seen similar performance, as the proverbial ‘altseason’ that investors are watching for remains elusive The crypto has seen a notable rebound throughout the past few days, with its price forming what appears to be a local low around $13.00 This region has long held as support, and a continued defense of it could allow for significantly further upside One analyst is noting that the…

Warp Finance adds Chainlink oracles to protect against flash loans

Warp Finance, a DeFi lending protocol that suffered an $8 million flash loan exploit shortly after release, is now gearing up for a relaunch that will include an integration with oracles by Chainlink. The inclusion of Chainlink oracles reportedly serves as protection against similar exploits. Flash loan exploits use a feature that allows borrowing an unlimited amount of funds, as long as it is also returned within the same Ethereum block. According to the team, security experts determined that the root cause of the exploit was an exploitable price oracle.…

Chainlink (LINK) Surges 25%, Why It Could Face Resistance Near $16

Chainlink (LINK) is up 25% and it broke many hurdles near $14.00, similar to bitcoin and ethereum. The price is now approaching a major resistance near the $16.00 level. Chainlink token price is gaining bullish momentum above $14.00 against the US dollar. The price is now trading above the $15.00 level and the 100 simple moving average (4-hours). There was a break above a major bearish trend line with resistance at $12.30 on the 4-hours chart of the LINK/USD pair (data source from Kraken). The price is likely to test…