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Chainlink (LINK) About to Surpass Tron (TRX) After Another Price Explosion

  • Alex Dovbnya
    ๐Ÿ“ฐ News

    Chainlink is on a roll with its price inching closer to the $3 target. Will it manage to surpass Tron?

Chainlink (LINK) About to Surpass Tron (TRX) After Another Price Explosion
Cover image via www.123rf.com

Chainlink's price action has been nothing short of remarkable for the past week.  

As reported by U.Today, the oracle token recorded a double-digit price uptick on Oct. 7. However, its impressive price growth didn't stop there.

As of Oct. 9, LINK is once again leading the pack of altcoins with a whopping 14.27 percent price increase. The token is trading at $2.88, according to CoinStats data.  

LINK price
image by coinstats.app

Chainlink's most recent price increase allowed it to end up in 13th place, edging out LEO, Monero, IOTA, and other high-profile competitors. Now, Chainlink is on the cusp of surpassing Tron (TRX), thus inching closer to occupying a much-coveted spot among other top 10 top coins. 

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Chainlink (LINK) Price Skyrockets by 10 Percent as Token Gets Listed on Kraken

Chainlink (LINK) Price Skyrockets by 10 Percent as Token Gets Listed on Kraken

However, despite its placement on the crypto leaderboard, it has yet to touch its yearly high of $3.96 that came after its Coinbase listing.     

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry โ€” from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. Heโ€™s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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Ex-Congressman Says Fed Should Not Play With Own Cryptocurrency

  •  Denis Sinyavskiy
    ๐Ÿ“ฐ News

    Former US Congressman Ron Paul shares his thoughts on the possible creation of Fedโ€™s own cryptocurrency

Ex-Congressman Says Fed Should Not Play With Own Cryptocurrency
Cover image via www.123rf.com

Former US Congressman Ron Paul spoke on Fox Business and said that the Fed should not think about creating its own cryptocurrency.

Fedโ€™s Crypto: To Be or Not To Be?

Rumors have been circulating for the past few months about the Fed possibly creating own cryptocurrency. It is expected that a digital coin would become a competitor to its counterparts on the market, and may even replace fiat money. President Patrick Harker, President of the Federal Reserve Bank of Philadelphia, commented on such rumors at a recent conference:

โ€œIt is inevitable. I think it is better for us to start getting our hands around it.โ€

However, there has not been no official follow-up by the Fed towards a crypto exchange. While proponents of this idea believe such innovation is necessary, it is expected that the exchange could stop the current delays involving US bank transfers.

What do the opponents think about the Fed's own cryptocurrency?

The idea of โ€‹โ€‹creating the Fed's cryptocurrency has its opponents. This includes Ron Paul, who believes that the Fed is in a better position to stay away from digital coins and allow the private blockchain sector and payment platforms to resolve this discussion in real-time. What the Fed plans to do next is unclear, but the central bank may still enter the game.

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About the author

Starting with a simple interest in cryptocurrency, over the past two years, Denis has worked in a cryptocurrency fund and become an author with an analytical bias. His engineering degree helps with the analysis of the technical part of the cryptocurrency market. As a fan of cryptocurrency, Denis believes that the blockchain technology is the future.

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