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

Libra Coin News
Tue, 09/24/2019 - 15:36
Alex Dovbnya
The price of Chainlink is up 10 percent while the broader market is enduring another sell-off
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.

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.

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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