DeutschThe Ethereum-based cryptocurrency Chainlink (LINK) has experienced a price rally since the beginning of the year, for which there were various reasons. Chainlink was able to prove itself on the market, above all through its innovative technology and uniqueness, which is why Google also integrated this cryptocurrency into its cloud.
The Best Performing Cryptocurrency in 2019
According to Nicholas Merten, a crypto YouTuber, a bull run is currently brewing, which will particularly favor altcoins. On his YT channel “DataDash”, Merten highlighted the altcoin Chainlink in his new video. This altcoin already made headlines in 2019 and was one of the best performing cryptocurrencies. Last year, LINK recorded by far the largest increase with a price gain of 586%.
Chainlink continues its price rally this year as well: In recent weeks, the ERC20 token rose from $1.84 to $4.34 (as of February 16), which means that the all-time high of the previous year has already been exceeded. Chainlink is once again proving to be the biggest winner on the crypto market and leads the top 20 by market capitalization.
Well-known Partnerships and Features
The price increase was not caused by unnatural factors, but rather the cryptocurrency was able to impress with numerous well-known partnerships and new, innovative features. The partnership with Google in June 2019 caused a particularly great stir, with LINK also entering into numerous other collaborations in the DeFi sector in recent months, including with the companies: Alkemi, Binance, Aaave, Conflux, Synthetix, Harmony, Celer and Wanchain.
Within the last few days, Chainlink has gained two more partners who will use the Chainlink technology – namely OffChain Labs and the 0x Project. In the area of decentralized oracles, Chainlink has practically no competition, while its functionality is essential for smart contracts and a wide-ranging Ethereum adaptation. Mertens’ bullish statements are therefore not surprising, that “Chainlink is therefore traded as one of the hottest contenders for the throne of the next bull run”.
We’re excited to collaborate with @0xProject to bring this new DEX functionality to users and looking forward to the novel designs this opens up for teams building at @EthereumDenver. https://t.co/Dyztsy9VM0
— Chainlink – Official Channel (@chainlink) February 13, 2020
He compares the current situation with the early phase of the 2017 rally and sees many similarities with Ethereum – the market leader, which, according to tech blogger Danger Zhang, is the better payment method than Bitcoin.
Buy LINK at BitPanda, Coinbase or Binance.
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