Chainlink (LINK) Goes Live on Binance US. Will It Hit $3 and Surpass Tron?

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Fri, 10/11/2019 - 07:14
Alex Dovbnya
Chainlink is moving closer to the $3 target, which would allow it to edge out Tron (TRX)
Cover image via www.123rf.com

Chainlink (LINK) is now available for trading on Binance US, the American arm of the world's largest exchange by trading volume. The oracle token got listed along with Raven Coin (RVN), the favorite coin of former Overstock CEO Patrick Byrne.  

As of now, the LINK price is sitting at $2.59 (down 4.21 percent over the last 24 hours). As the chart below shows, it experienced a short-lived bounce to $2.78 after the start of trading, but it quickly fell in tandem with Bitcoin, which failed to break above a pivotal resistance level

image by coinstats.app

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As reported by U.Today, LINK was already listed on Coinbase at the end of June, which subsenquely pushed its price to its current ATH of $3.96. Kraken, another big-name crypto exchange, also embraced the oracle token in September.   

Now that Binance US also listed LINK, it's not far-fetched to assume that it could soon surpass Tron (TRX) if its price surges above the $3.00 mark once again. 

      

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

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