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.

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.

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.

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.