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

  • Alex Dovbnya
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    The price of Chainlink is up 10 percent while the broader market is enduring another sell-off

Chainlink (LINK) Price Skyrockets by 10 Percent as Token Gets Listed on Kraken
Cover image via www.123rf.com

Chainlink (LINK) has been listed on Kraken, one of the major fiat-to-crypto exchanges, along with DAI. 

The price of the oracle token has skyrocketed by more than 10 percent over the last 24 hours, which is especially remarkable during the market sell-off.

LINK is changing hands at $2.02, remaining the only cryptocurrency top 20 cryptocurrency in the green while Bitcoin and top altcoins are hitting a snag.

At the end of June, LINK also ended up on the Coinbase exchange, which eventually pushed the token’s price to its current high of $4.05. After that, the 18th biggest token suffered from months of continuous sell-off.

Chainlink’s price action over the last three months
Image by coinstats.com

As recently reported by U.Today, Blockchain firm AnChain.AI determined that Chainlink’s stellar price growth in June might have been artificially manufactured by a small group of market manipulators who conducted a typical pump-and-dump scheme.

The developers shrugged off the market manipulations concerns, claiming that they couldn’t control the price of LINK. However, they were also under fire for selling batches of 700,000 LINK to fund the project’s development.

Chainlink CEO Sergey Nazarov revealed that they are currently working on new DeFi products.

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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 — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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Bitcoin Price Likely to Decline to $7,800: Crypto Analyst

  • Yuri Molchan
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    Bitcoin is to find support at $7,800 or recover to $8,300, an analyst writes, but either way ‘continuation of the ranging on either of the levels is going to occur’

Bitcoin Price Likely to Decline to $7,800: Crypto Analyst
Cover image via www.123rf.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Over the last few days, Bitcoin has been trading below the $8,500 area. At the moment, it has recovered to $8,258 after the recent slip below the $8,100 level.

Analysts have been bullish on BTC in the long run, however, the nearest BTC price movements are expected to be bearish.

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The crypto analyst @CryptoMichNL believes that there are two paths ahead of Bitcoin at the moment. If it fails to recover to $8,300, he says on his Twitter page, then the market should be ready for the flagship coin to drop and find support at the $7,800 or $7,300 levels.

Whichever way it goes, ‘continuation of the ranging on either of the levels is going to occur’.

The analyst tweeted this forecast twice with an hour pause.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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