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Chainlink (LINK) Price Goes DOWN After Coinbase Pro Listing

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Wed, 26/06/2019 - 18:49
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Chainlink (LINK) Price Goes DOWN After Coinbase Pro Listing
Cover image via 123rf.com
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Coinbase Pro, the professionally-oriented version of the number one US crypto exchange Coinbase, has just made an announcement about listing Chainlink. The price of the 23rd biggest currency is sitting at $2.31 after its price increased by more than 230 percent in June.  

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It will take at least 12 hours until traders can post limit orders that are supposed to start matching shortly after that. During the fourth stage, the exchange’s customers will be able to use all available trading features.             

Notably, at the time of writing, LINK is actually down 3 percent, which means that the so-called Coinbase effect is yet to kick in (or it won’t happen at all).  

Article image
A reverse Coinbase effect, image by CoinMarketCap 

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A fruitful month for Chainlink

Chainlink is an oracle service that strives to achieve a sufficient level of interoperability between Blockchain-based smart contracts and different types of off-chain data, such as temperature.

The project recently scored a high-profile partnership with Oracle. Prior to that, Google Cloud developer advocate Allen Day explained how Chainlink could be used as oracle middleware between Google’s BigQuery and Ethereum.

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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