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Price analysis of Chainlink and the latest news
Price analysis of Chainlink and the latest news
Altcoin

Price analysis of Chainlink and the latest news

By Amelia Tomasicchio - 23 Oct 2020

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At the time of writing this article, the price of Chainlink is rising by more than 5%, triggering a wide variety of predictions and analyses.

An analyst, for example, a few hours before the rise had suggested that LINK is now at the verge of glory. 

As a result, having passed the red zone, the price of LINK could soon rise towards the upcoming $13 resistance.

The latest news from Chainlink

Analysis aside, Chainlink recently announced several positive news and, in conjunction with the bullish market, this is certainly contributing to the price rise of the asset.

A few hours ago, in fact, Chainlink announced that its VRF function, the verifiable randomness function, has landed on the Ethereum mainnet.

It is a system for generating verifiable randomness, an application that could be useful in games and gambling, for example.

Chainlink co-founder Sergey Nazarov said that several users were already using the tool on the testnet and that they could integrate the function on their gaming platforms.

In addition, a few days ago Chainlink also announced that Unstoppable Domains are using its services to connect Twitter handles to an Ethereum address.

The system is very simple and useful to remember one’s address, but it is also a method to find out the ETH balances of famous users, as revealed by Decrypt some time ago. In fact, by knowing the name and surname of someone who uses these services it would be easy to recover the details of their balances because at that point addresses would be names.

Finally, Chainlink has also entered into a partnership with Everipedia and Associated Press to report US presidential election data on the blockchain.

 

Amelia Tomasicchio
Amelia Tomasicchio

As expert in digital marketing, Amelia began working in the fintech sector in 2014 after writing her thesis on Bitcoin technology. Previously author for Cointelegraph and CMO at Eido. She is now the co-founder and editor-in-chief of The Cryptonomist.

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