At present, the whole cryptocurrency market has cooled down after a collective pump of Bitcoin. The collective market cap stood at $230 billion, following the fall in prices of the altcoins. However, there are always interesting exceptions, Chainlink is the perfect example. While the whole market is bleeding red, Chainlink is leading with 6% gains.
Chainlink price has increased by 6.71% against USD and trading at $0.884373 USD. In terms of LINK/BTC and LINK/ETH the price spiked up by 17.20% with trading value 0.00012069 BTC and 0.00363782 ETH respectively.
Currently, the LINK coin is ranking in 30th position, holding market cap $309,530,408 USD with $38,967,458 USD 24 hour volume and 350,000,000 LINK circulating supply.
Technical indicators on the daily time frame have turned bullish and continue to issue a strong buy signal. The RSI indicator on the 1-hour time frame remains bullish with above 50 level. The MACD for LINK/USD is gaining strong momentum in the bullish zone, with positive signs.
Recently, the CEO of decentralized oracle network Chainlink – Sergey Nazarov, announced at the Consensus 2019 conference held in New York City that ChainLink is planning to launch on the Ethereum mainnet this month.
The Chainlink CEO claim that this launch will be a significant step beyond theory and into practice.
According to this report, Nazarov also said this launch would lead to “an explosion in the types of contracts people build—from insurance to derivatives to supply chain and finance use cases.”
Considering all the things, It seems that the launch on Ethereum Mainnet has fueled the growth of chainlink.