Anaisomari
Wednesday, February 8, 2023
Ledger - Crypto Beginners Pack
  • Crypto News
  • Bitcoin
  • Ethereum
  • NFT
  • DeFi
  • Blockchain
  • Metaverse
  • Altcoin
    • Tether
    • Solana
    • Binance Coin
    • Dogecoin
    • Polkadot
    • Terra
    • Cardano
    • Safemoon
    • Avalanche
    • Chainlink
    • Shiba Inu
    • Litecoin
    • Bitcoin Cash
  • Live Rates
  • Shop
No Result
View All Result
  • Crypto News
  • Bitcoin
  • Ethereum
  • NFT
  • DeFi
  • Blockchain
  • Metaverse
  • Altcoin
    • Tether
    • Solana
    • Binance Coin
    • Dogecoin
    • Polkadot
    • Terra
    • Cardano
    • Safemoon
    • Avalanche
    • Chainlink
    • Shiba Inu
    • Litecoin
    • Bitcoin Cash
  • Live Rates
  • Shop
No Result
View All Result
Anaisomari
No Result
View All Result

Chainlink ($LINK) Could Outperform Bitcoin Even as $BTC Is Expected to Rise, Crypto Analyst Says

October 15, 2022
in Chainlink
0

Benjamin Cowen, a popular cryptocurrency analyst, has revealed that while he believes that the flagship cryptocurrency Bitcoin ($BTC) is set to appreciate in the near future, he believes that Chainlink ($LINK) could do even better.

In an interview with Altcoin Daily, Cowen laid out his bullish case for the decentralized oracle platform, noting that while he often refers to BTC’s dominance – or its share of the cryptocurrency market – going much higher in the future, some tokens may still outperform it.

Cowen said that “f history is any indication, at the end of a bear market and in the accumulation phase before the next bull market, Chainlink is a reasonable place to look.”

Cowen added that the decentralized oracle platform has been integrated into several projects to enable smart contracts to receive data. The project’s strength, he said, isn’t being translated into a higher price over the ongoing bear market, which has seen investors move away from risk assets over interest rate rises meant to tame inflation.

Per the analyst, the “fundamentals of Chainlink shine through a bit better in the bear market than they sometimes do in the bull market.” He said:

Chainlink sort of acts as a backbone for a lot of cryptocurrencies.… We’ve seen over the years, just how many cryptocurrency projects it’s integrated itself into and I would argue that it provides a very valuable service in providing real-time feeds via the blockchain.




Cowen added he is looking to see how $LINK performs in the future if cryptocurrency prices keep on dropping in the near future.

Notably, Chainlink has recently partnered with SWIFT, the Society for Worldwide Interbank Financial Telecommunication to try to bridge the gap between traditional banks and blockchain. The partnership will see both working on an “initial proof of concept” using Chainlink’s cross-chain interoperability protocol, which provides a cross-blockchain communication standard.

The partnership will mean that the 11,000 financial institutions connected to SWIFT will be able to engage in token transactions across chains. Chainlink co-founder Sergey Nazarov has said the move will accelerate the adoption of distributed ledger technology across capital markets and traditional finance.

SWIFT’s interbank messaging system is the most widely used platform for traditional cross-border fiat transactions. In August, it recorded an average of 44.8 million messages per day. Transactions made using SWIFT’s network can take days to complete, however.

Chainlink has said the collaboration with SWIFT allows financial institutions to gain blockchain capability without replacing, developing, and integrating new connectivity into legacy systems.

Image Credit

Featured Image via Unsplash

This news is republished from another source. You can check the original article here


Previous Post

Good News Story about Gordon the Shiba Inu

Next Post

Avalanche unveil championship banner before opener against Blackhawks

Next Post

Avalanche unveil championship banner before opener against Blackhawks


Name Price
bitcoin
Bitcoin (BTC)
$22,964.00
ethereum
Ethereum (ETH)
$1,654.81
USDEX
USDEX (USDEX)
$1.08
tether
Tether (USDT)
$1.00
binancecoin
BNB (BNB)
$328.09
usd-coin
USD Coin (USDC)
$1.00
ripple
XRP (XRP)
$0.399528
binance-usd
Binance USD (BUSD)
$1.00
cardano
Cardano (ADA)
$0.395227
dogecoin
Dogecoin (DOGE)
$0.090342


Crypto News

Payments Company Affirm Is Shutting Down Its Crypto Business – CoinDesk

February 8, 2023

Ethereum staking versus Bitcoin: Here's what you need to know – Proactive Investors UK

February 8, 2023

Cryptocurrency prices today: Rates of Bitcoin, Ethereum, Shiba Inu … – NewsBytes

February 8, 2023

Bitcoin

Bitcoin Nears the Vaunted 'Golden Cross' | Video – CoinDesk

February 8, 2023

No Result
View All Result

Pages

  • Latest Crypto News
  • Live Rates
  • Privacy Policy
  • Shop
  • Terms of Service

Tether

This February, Tether and VeChain Cryptos Are Looking To … – Deccan Herald

February 8, 2023

Solana

Brave Collaborates With Solana To Add Support For DApp On Mobile – Bitcoinist

February 8, 2023

Want To Be A Crypto Millionaire? Buy Snowfall Protocol (SNW), Solana (SOL), and PaxGold (PAXG) – Analytics Insight

February 8, 2023

Advertisement

  • Latest Crypto News
  • Shop
  • Privacy Policy
  • Terms of Service

© 2022 Anaisomari.com


No Result
View All Result
  • Crypto News
  • Bitcoin
  • Ethereum
  • NFT
  • DeFi
  • Blockchain
  • Metaverse
  • Altcoin
    • Tether
    • Solana
    • Binance Coin
    • Dogecoin
    • Polkadot
    • Terra
    • Cardano
    • Safemoon
    • Avalanche
    • Chainlink
    • Shiba Inu
    • Litecoin
    • Bitcoin Cash
  • Live Rates
  • Shop

© 2022 Anaisomari.com


  • bitcoinBitcoin(BTC)$22,964.00-1.04%
  • ethereumEthereum(ETH)$1,654.81-0.51%
  • USDEXUSDEX(USDEX)$1.080.27%
  • tetherTether(USDT)$1.000.19%
  • binancecoinBNB(BNB)$328.09-1.13%
  • usd-coinUSD Coin(USDC)$1.000.12%
  • rippleXRP(XRP)$0.399528-0.90%
  • binance-usdBinance USD(BUSD)$1.00-0.01%
  • cardanoCardano(ADA)$0.395227-0.67%
  • dogecoinDogecoin(DOGE)$0.090342-2.20%
  • matic-networkPolygon(MATIC)$1.314.47%
  • okbOKB(OKB)$44.37-0.97%
  • solanaSolana(SOL)$23.24-1.80%
  • staked-etherLido Staked Ether(STETH)$1,651.57-0.50%
  • polkadotPolkadot(DOT)$6.75-1.89%
  • shiba-inuShiba Inu(SHIB)$0.000014-5.19%
  • litecoinLitecoin(LTC)$99.03-1.55%
  • avalanche-2Avalanche(AVAX)$20.09-2.81%
  • tronTRON(TRX)$0.0671322.55%
  • uniswapUniswap(UNI)$6.80-2.25%
  • daiDai(DAI)$1.000.20%
  • cosmosCosmos Hub(ATOM)$15.081.50%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$22,994.00-0.74%
  • chainlinkChainlink(LINK)$7.11-0.86%
  • ToncoinToncoin(TON)$2.29-2.02%
  • ethereum-classicEthereum Classic(ETC)$22.62-2.16%
  • leo-tokenLEO Token(LEO)$3.360.19%
  • moneroMonero(XMR)$166.01-0.76%
  • bitcoin-cashBitcoin Cash(BCH)$131.47-2.87%
  • AptosAptos(APT)$15.12-5.13%
  • stellarStellar(XLM)$0.091176-0.71%
  • nearNEAR Protocol(NEAR)$2.718.30%
  • crypto-com-chainCronos(CRO)$0.0843251.16%
  • apecoinApeCoin(APE)$5.77-2.85%
  • algorandAlgorand(ALGO)$0.2905104.41%
  • filecoinFilecoin(FIL)$5.44-1.40%
  • lido-daoLido DAO(LDO)$2.45-6.05%
  • quant-networkQuant(QNT)$139.31-1.71%
  • hedera-hashgraphHedera(HBAR)$0.0754260.71%
  • vechainVeChain(VET)$0.025812-0.20%
  • internet-computerInternet Computer(ICP)$5.69-2.82%
  • the-graphThe Graph(GRT)$0.177388-14.43%
  • the-sandboxThe Sandbox(SAND)$0.85-4.42%
  • fantomFantom(FTM)$0.53-6.96%
  • axie-infinityAxie Infinity(AXS)$12.054.13%
  • decentralandDecentraland(MANA)$0.76-4.54%
  • aaveAave(AAVE)$86.74-1.76%
  • flowFlow(FLOW)$1.150.56%
  • eosEOS(EOS)$1.09-2.33%
  • elrond-erd-2MultiversX(EGLD)$46.26-1.02%