Chainlink: the price and project news
Chainlink: the price and project news
Altcoin

Chainlink: the price and project news

By Amelia Tomasicchio - 4 Feb 2021

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After the big news a few days ago that Chainlink (LINK) has joined the UNESCO Global Education Coalition to provide education on the use of smart contracts, LINK’s price these days is still holding well on its record highs, around $25.

As for its role at UNESCO, Chainlink will teach everything there is to know about blockchain and oracle technology to both individuals and institutions.

Indeed, the programme aims to: 

“enhance everyone’s underlying knowledge and skill sets, allowing them to properly apply blockchain technology and universally connected smart contracts to improve the lives of everyday citizens and strengthen social cohesion.”

Chainlink will also work with the World Economic Forum (WEF) to improve the knowledge of institutions in terms of smart contracts.

Among other things, the well-known exchange Kraken will reportedly have a Chainlink node, and the stablecoin STASIS has also decided to use its oracles to verify EURO reserves.

Jeremy Welch, Kraken’s VP of Product, said:

“Kraken prides itself on the ability to look ahead and provide products and services that match market demand in a thriving cryptocurrency space. Given the growth of DeFi and the need for high-quality data feeds to keep it secure, we’re excited to make our exchange data spot prices available to DeFi developers through our own Chainlink node. Not only will this provide DeFi with accurate price feeds from a high-volume exchange, but we can cryptographically sign this data on-chain to prove without a doubt its origin.”

Chainlink’s price

As mentioned, after setting new highs above $25, LINK is now worth $24.64, up 5% in the last 24 hours. Despite this, according to Santiment‘s data, mentions and searches on social networks for this cryptocurrency are constant without any particular jolts, with the exception of December 29th when the price was rather stable at $11, and therefore before the strong rise that began in January.

According to an analyst from Tradingview, LINK is currently in a bullish phase and could go as high as $36.

 

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 several international crypto-related magazines and CMO at Eidoo. She is now the co-founder and editor-in-chief of The Cryptonomist. She is also a marketing teacher at Digital Coach in Milan and she is writing a book about NFTs for the Italian publishing house Mondadori, while she is also helping artists and company to entering in the sector.

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