CHAINLINK AND A BULL RUN.
Chainlink, in my opinion, is one of the most promising altcoins of 2021. As most people believe, altcoins are the future of cryptocurrency. Chainlink is one of the altcoins crypto analysts believe to be the best to invest in this 2021, along with Cardano ADA, Aave, Synx, and so on.
Chainlink finally hit a new all-time high of $22.61 yesterday; this is very exciting for chainlink holders.
Chainlink is what I would like to call a beast; it is crushing it in the crypto markets and is also ahead of everyone in its category.
Chainlink is presently offering more price Oracle services, including Litecoin USD. Litecoins are not huge in DeFi, but this will allow more Litecoin trading to go on more on DeFi.
Chainlink also announced that it would be bringing out Forex rates from top currencies and trendy currencies such as the Australian Dollar, Euro, Franc, Japanese Yen, and the Pound Sterling. Chainlink will be providing Oracle services to Paxo; Paxo runs the fifth-biggest stablecoin and one of the most significant gold tokens by market caps, Paxos Gold. It will be great to see those tokens being used on DeFi, especially now that it seems like gold is massively underrepresented among crypto.
Chainlink will be the Oracle of choice among crypto for a wide variety of applications; it is already being integrated into different blockchains. Blockpass will be running a Chainlink node to allow for on-chain identity verification. Blockpass, in collaboration with Chainlink, will essentially be able to maintain the safety and privacy of information. Bond Lee's finance application also recently announced that they would be using Chainlink for their on-chain OTC marketplace, allowing them to make sure that all of the over-the-counter tradings are deals done at fair prices.
Chainlink has done more in two weeks than all other Oracle providers combined in the past year and has also done better than most of its category's cryptocurrencies. The price will be a lot higher for Chainlink during this bull run, even though there are other competitors out there. Chainlink remains, without a doubt, the market leader by miles in the Oracle space, and every single day with all these new partnerships, further extended dominant position with all these new integrations. 2021 is going to be huge and no exception for Chainlink. 2021 is going to be an exciting year for Chainlink investors also.
