click here if you want to see your banner on this site

Author Topic: Altcoins Are Currently Surging Very Fast: Chainlink, Tezos and VeChain  (Read 116 times)

G.Belaci

  • Jr. Member
  • **
  • Posts: 72
  • Karma: +0/-0
    • View Profile
While all the market attention has been in and around Bitcoin, investors need to look at some better and alternate options. The crypto market is currently buzzing with some once lesser-known altcoins.

Oracle service provider Chainlink (LINK) has been one of the top performing cryptocurrencies for 2020. Chainlink continues its massive rally in the crypto market surging more than 250% since the beginning of 2020.

Chainlink is one blockchain network that helps to solve one of the most pressing issues of the blockchain industry. The Chainlink oracles help to connect Ethereum-based smart contracts with off-chain data thereby establishing a bridge between off chain platforms and the blockchain network.

This has turned out as the most vital application as several businesses running decentralized applications like DeFi can have access to off-chain data and automate the entire process on a blockchain platform. With the recent surge in DeFi, the demand for Chainlink has been on a rise.

Two weeks back, Chainlink also entered a collaboration with Chinaís Blockchain Services Network (BSN) to help them with easy data transfer. Besides, Chainlink is making some important partnerships with other businesses and helping them with oracles services.

At press time, Chainlink (LINK) is trading at $7.32 with a market cap of $2.56 billion. Chainlink has climbed up the ranks to grab a spot in the fifteen most-valuable cryptocurrencies by market cap. Chainlink is witnessing a major surge in its daily trading volumes which has reached over $800 million.

Another smart contract token Tezos (XTZ) has surged very fast in 2020 and is currently witnessing high daily trading volumes. Since the beginning of 2020, Tezos has surged over 90% and is currently trading at a price of $2.95 with a market cap of $1.95 billion. If Tezos manages to cross its major resistance of $3, it will further continue to surge from these levels.

VeChain (VET) - a blockchain-powered services that focuses on providing institutions with supply chain organization, financial services and smart contracts - is now in limelight. Many analysts call VeChain as one of the most-innovative blockchain networks in the market.

Recent industry reports suggest that VeChain might enter into a partnership with Ripple very soon. While itís not confirmed yet, VeChain is seeing a good jump in its daily trading volumes.

At press time, VeChain (VET) is trading at a price of $0.017 with a market cap of $997 million and daily trading volumes at $1.36 million.

Source: WorldCoinIndex

Daominchai

  • Full Member
  • ***
  • Posts: 183
  • Karma: +0/-0
    • View Profile
Agree, its crazy how Chainlink has moved so fast for the past couple of days. Lots of people in the community though call it a scam, that I'm unsure of.

You should also expect a lot of new projects that has good use-cases and a big project backing them up, to surge very fast as well. An example is what NEM built which is Symbol that powers possibility in organisations, reducing costs and complexities. With the Symbol blockchain, businesses can gain a competitive edge, while putting much needed trust back into their value chain. Very big potential with their token price, knowing that its from NEM.

UFOsyndrome

  • Newbie
  • Posts: 6
  • Karma: +0/-0
    • View Profile
Chainlink definitely isn't a scam

Read this:
https://blog.goodaudience.com/chainlink-the-missing-piece-to-the-god-protocol-fd455dde92ab

It's only in 2019, 2020 that it's all coming to fruition for LINK.
E.g. starting with the Google post saying you can use Chainlink with Google data last year. Now so many major projects both in blockchain and outside of blockchain are using LINK

Also, you guys have to look at Ampleforth (AMPL).

It's potentially as big as LINK and solves a lot of problems in DeFi and beyond.

And if you get a good % of the supply now, every time the AMPL price closes above ~$1 (I forget the exact price), you get more AMPL (they do this to try and keep the price stable) but without any token dilution. Just hold in your wallet like Exodus, Argent, etc.

Here's more info on AMPL (take time to DYOR - it's potentially life-changing):
https://twitter.com/davoice321/status/1282770139163828225
https://www.youtube.com/watch?v=F26nz0OkYqo&feature=youtu.be

 

Bitcoin Garden 2013-2022, All rights reserved†| Privacy Policy†| DMCA | About Bitcoin Garden†| Support & Services