Chainlink’s Token, LINK, reached its BTC All-Times-High just recently, on the 22nd of January, when the price reached 0.000158 BTC.
The Chainlink network provides reliable tamper-proof inputs and outputs for complex smart contracts on any blockchain.
The most relevant and recent news is definitely the acquisition of Town Crier or TC, which is an oracle backed by a trusted execution environment (TEE), where TC leverages TEE confidentiality to handle sensitive data safely, anything from passwords, to private keys controlling cryptocurrency, to personally identifying information.
In this tweet, Chainlink stated: “Cornell Professor
@AriJuels shares his thoughts on how Chainlink’s acquisition of Town Crier, a trusted execution environment backed oracle, builds towards a bright future of externally connected smart contracts.”
Ari Juels, Professor at
@cornell_tech, describes in his article the advantages this acquisition will bring to the Chainlink network, stating that: “TC and TEEs more generally may be viewed as an alternative or complement to decentralization. I believe and have bet much of my recent research on the hypothesis that TEEs will prove to be not just valuable, but vital for practical blockchain infrastructure.”
In another tweet, Anthony Pompliano stated: “New podcast episode is live!
@SergeyNazarov and I talked about Chainlink, smart contracts, and what an automated world of software would look like. Listen and learn. This was a great one :)”
From the price point of view, we had a major rally against BTC which brought the LINK price to a new All-Times-High at0.000158 BTC. The previous one was located around 0.0001197 BTC, reached in September 2017.
In the chart below we can have a better view of that.
As we can see the two major resistances became supports in the recent price action, one at 0.000119 BTC and 0.000099 BTC.
Looking at the pair against USD, we can see a support zone around $0.3594 USD and the price going toward a possible short-term resistance around $0.4650 USD.
Chainlink project looks very solid and with big potential, it can be integrated into all major environments like finance, insurance and trading market, providing a reliable connection to external data, that is provably secure end-to-end.
What do you think about the Chainlink Project? Let us know below in the comment section and remember that this is not financial advice but our personal opinion about the project and its development.
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