{"id":209448,"date":"2021-12-28T09:30:40","date_gmt":"2021-12-28T09:30:40","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=209448"},"modified":"2021-12-27T21:08:56","modified_gmt":"2021-12-27T21:08:56","slug":"chainlink-surges-regains-important-threshold-despite-moody-sentiment","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/chainlink-surges-regains-important-threshold-despite-moody-sentiment\/","title":{"rendered":"Chainlink price surges, regains important threshold despite uncertain sentiment"},"content":{"rendered":"

Blockchain data oracle Chainlink\u2019s token, LINK<\/a>, has gained some positive traction since the local low at $17.33 on the 15th of December. The token has seen positive action in the past two weeks despite a negative market sentiment toward LINK since October, according to data<\/a> from market analysts Santiment.<\/p>\n

\"LINK
LINK sentiment<\/figcaption><\/figure>\n

The number 18 cryptocurrency by market cap is trading at $23.37 at the moment of writing, slightly above the critical threshold at $23 and up almost 26 percent since the local bottom twelve days ago.<\/p>\n

Why could LINK be surging?<\/h2>\n

Three possible forces behind the recent surge may be that the former Google CEO, Eric Schmidt, joined<\/a> Chainlink as the firm\u2019s new strategic advisor earlier this month. Also announced earlier this month, Chainlink and the Internet-of-Things blockchain IoTeX partnered<\/a> in an effort to \u201dadvance real-world connectivity and enable creators to build their ideas and tackle complex problems that were impossible to solve before.\u201d<\/p>\n

Finally, Ethereum-based liquid staking solution Lido announced an integration<\/a> of Chainlink Price Feeds. Lido enables its users to stake ether on the Ethereum 2.0 Proof-of-Stake chain without the need to stake all 32 ether (ETH) otherwise demanded by the protocol.<\/p>\n

LINK down by half since ATH<\/h2>\n

LINK reached an all-time high at $52.70 on the 10th of May this year and has since gone south by 55.7 percent.<\/p>\n

Chainlink, the leading blockchain data oracle by market share, provides off-chain data to on-chain services, an important service to blockchains that otherwise cannot fetch data from outside the blockchain. Oracles collect data, such as real-time price feeds from exchanges, from a variety of sources in a more or less decentralized manner and provide APIs for developers to integrate data feeds to on-chain decentralized applications.<\/p>\n","protected":false},"excerpt":{"rendered":"

Blockchain data oracle Chainlink\u2019s token, LINK, has gained some positive traction since the local low at $17.33 on the 15th of December. The token has seen positive action in the past two weeks despite a negative market sentiment toward LINK since October, according to data from market analysts Santiment. The number 18 cryptocurrency by market […]<\/p>\n","protected":false},"author":962,"featured_media":209453,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[120],"tags":[],"post_folder":[],"acf":[],"yoast_head":"\nChainlink price surges, regains important threshold despite uncertain sentiment<\/title>\n<meta name=\"description\" content=\"Chainlink\u2019s native token $LINK gained the $23 threshold in the early hours to start the week. 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