Chainlink [LINK] Shows Promise Like Bitcoin [BTC] And Ethereum [ETH]: Gemini Exchange CEO
Tyler Winklevoss, one of the infamous crypto billionaire Winklevoss twins and Co-founder of Gemini exchange, joins in the praise for Chainlink, a decentralized oracle, a token that has witnessed massive growth in 2020 – touching its all-time high in March this year. Tyler compares Chainlink to the early-stage communities of Bitcoin and Ethereum claiming the blockchain “shows real promise and technical merit.”
Chainlink promising like Bitcoin and Ethereum
As mentioned above, Chainlink is a decentralized oracle aiming to connect blockchain smart contracts to real-world data ensuring a trustworthy and efficient flow of information. Over the past few months, the blockchain has gained an unusual following on the social webs as its community, known as the Link Marines, grows daily.
Tyler believes the current community growth of Chainlink is closely following the path set by the two largest cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH) in their early days. This coupled with the sound technology the blockchain boasts of, the sky is the limit for Link.
I really appreciate the passion of the $LINK Marines. Their fervor and dedication reminds me of the early Bitcoin and Ethereum communities. Unlike many other crypto armies, they are dedicated to a project that has real promise and technical merit.
— Tyler Winklevoss (@tylerwinklevoss) April 15, 2020
Former NBA basketball player, Kris Humphries, also praised the token earlier in the month saying it is the solutions to current data problems faced in the decentralized field. He wrote on Twitter,
“The world increasingly relies on data. Smart contracts will be no different. Chainlink is the only solution to bring data into smart contacts through a decentralized, secure manner. The future is now.”
Notwithstanding, Republican candidate for the House in 2020, David Gokhstein, said Chainlink looks highly undervalued given the development and partnerships the blockchain has at the moment.
speaking of undervalued, just go look into @chainlink.
they've partnered with also every legitimate project or company on the planet.$LINK
— David Gokhshtein (@davidgokhshtein) April 6, 2020
More on Chainlink success
Last week, the U.S based Gemini crypto exchange, owned by the Winklevoss twins, added its support to Chainlink (LINK) alongside Maker’s Dai (DAI) stablecoin and Orchid Protocol (OXT) pairs.
Announcing upcoming support for:$LINK @chainlink$DAI @MakerDao$OXT @OrchidProtocol
— Tyler Winklevoss (@tylerwinklevoss) April 9, 2020
In the last six months in 2019, Chainlink (LINK) has shown high growth potential –alongside Tezos (XTZ) – and 2020 has been nothing short of a bullish ride in Link markets. The decentralized oracle based token touched an all-time high of $5.01 earlier in March before the sudden collapse on what is now termed as “Black Thursday” on Mar. 12. Since the collapse to $1.34 support levels on Mar. 12, LINK has soared over 150% in a month leading the crypto field in gains since then.
- Breaking: Bitcoin Hits New ATH Above $125k as ‘Uptober’ Kicks Off in Full Force
- 99.3% of Bitcoin Supply in Profit, Analyst Warns of Short-Term Correction
- Pro-Crypto Mike Selig Emerges As CFTC Chair Frontrunner, Gains Ripple CLO’s Endorsement
- ‘Every Crypto ETF You Can Imagine’: Expert Predicts Flurry of Filings After REX-Osprey’s 21 Applications
- Robinhood Lists Strategy’s Bitcoin-Backed Stocks, Boosting Saylor’s BTC Credit Model
- FLOKI Price Prediction as ETP Listing Drives Adoption—Is a 160% Rally Ahead?
- BNB Coin Price Hits ATH as Derivatives Activity Soars—Is $1,520 the Next Stop?
- Aster Price Eyes $3 After Channel Breakout as Open Interest Surges to $1.37B
- Will XRP Price Hit $5 if the SEC Approves ETFs This Month?
- Bitcoin Price Hits $120K Ahead of Q4 — Can Citigroup’s Forecast Hold Up?
- Pi Network Price at Risk of Another Crash as Mysterious Whale Stops Buying
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
