Chainlink (LINK) Price Soars 17 Percent, Traders Predict Higher Growth Soon

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Wed, 01/08/2020 - 10:45
Yuri Molchan

Chainlink demonstrates a 17-percent price rise after the recent partnership, while traders are making bullish predictions on the coin’s price

Cover image via 123rf.com
Contents

Chainlink (LINK) has been one of the favorites on the market recently as it demonstrated several price leaps in late 2019. Now, the coin has put up a 17-percent price surge and traders are feeling bullish, predicting a further rise.

Image via CoinMarketCap

Chainlink is 17 percent up

A possible reason behind the LINK price surge is the news of Chainlink’s new partnership with 2key Network which was announced on January 3.

2key Network is a layer-2 scalability solution and the platform that created Smart Links. As a result of the partnership, Chainlink has been integrated as a Network navigator.

Here is what 2key Network says about the new collaboration:

“The first benefit of this integration is that customers leveraging 2key Network’s Smart Links can now incorporate Chainlink’s oracle technology to pay participants based on decentralized sourcing of market prices for payments and marketing/ad performance data.”

Chainlink will provide its off-chain data feeds and other services to all users of 2key Network (an individual or an enterprise), offering them new opportunities and playing to their benefit.

In particular, the two companies plan to join forces on Smart Links created by 2key Network. These allow users to track the shares of regular web-links (with Smart Links embedded in them) and reward users who shared those links if a conversion takes place.

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Traders are bullish on LINK

Crypto traders are bullish on LINK's further price moves, while the coin has already surpassed some of the predictions that were made earlier.

Image via Twitter
Image via Twitter

A trader @CryptoButcher1 reckons that in a few days, the LINK price may surge, going far away from $2 per piece.

Image via Twitter

At press-time, the LINK price has dropped a little, trading at $2.27 (+16.31 percent).

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today, can be contacted at yuri.molchan@u.today.

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