The Macro Bull Trend Continues for Chainlink

by in Cryptocurrency News

Chainlink bull trend

On January 18, the price of Chainlink’s LINK token hit a new all-time high of $23.68. The token is heading to a new high. At the moment, it trades for $23.89.

Related: 50% More Financial Advisors Now Invest in Crypto

Chainlink represents a decentralized oracle system that bonds smart contracts with real-world derived data.

The network's native token Link serves as a means to pay node operators. It is an ERC20 allowing rewards. Among the markets that trade in Chainlink are Binance, Huobi Global, BiKi, and more.

More and more platforms have been integrating Chainlink oracles. Recently blockchain-focused financial company QueenBee and blockchain network Skale announce cooperation with Chainlink.

On January 16, the protocol's futures contracts open interest hit an all-time high of $287 Million. Generally, crypto assets are performing well today. At the moment Polkadot's price is around $18 (up 10% in a day), UniSwap's $9.20 (up 12.44%), and Aave's $201 (up 11%). Bitcoin trades at about $32690.