.GWilliamsJr_CMT returns to his past and examines chainlink and $LINK like a stock analyst. Read that and more in “Crypto Long & Short.”
is a “decentralized oracle network” that seems to serve as a bridge between on-chain and off-chain data, essentially linking smart contract platforms with external data sources. Examples of transmitted data often include – but are not limited to – price feeds, along with payment confirmations.
Prices have appreciated approximately 5.7% since its 10-period moving average crossed above its 100-day moving average on July 13. In prior times such a crossover has occurred, LINK has gained 16.4% on average over the next 30 days.ChainLink has seven primary areas of focus: The general public may miss this fact, however, which could cause reputational concerns for ChainLink if the attestations are faulty, even if ChainLink isn’t to blame.
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