LINK Prints New ATH of $14.75 While Chainlink Takes Staked on as Oracle Node Operator

Latest Cryptocurrency News
Wed, 08/12/2020 - 14:42
Yuri Molchan
LINK has surged to $14.75 to reach a new ATH; meanwhile, Staked has stepped in as an oracle node operator on Chainlink to make it more decentralized and secure
LINK Prints New ATH of $14.75 While Chainlink Takes Staked on as Oracle Node Operator
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According to data on CoinMarketCap, the fifth-ranked LINK has reached a new all-time high of $14.75 after rising 17.56 percent over the past twenty-four hours.

While this has been happening, Chainlink has accepted the Staked crypto financial company to run one of its oracle nodes.

LINK
Image via Twitter

LINK demonstrates huge uptick: $15.17

Chainlink has been rising at a fast pace recently. On July 5 it was still trading below $5; however, a week later LINK already reached $8.25.

Since August 8, the coin has increased from the $9.97 level to the mark of $14.75 per coin. At press time, LINK is changing hands at $15.17.

Besides, LINK has now taken the Top 5 spot on CoinMarketCap.

LINK
Image via CoinMarketCap

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Staked joins Chainlink to run an oracle node

Staked provides services to institutional investors by compounding their crypto by 5-100 percent via staking and lending. It has joined Chainlink to be one of its oracle nodes and provide further decentralization and security to Chainlink’s network.

The node is already running on Staked. It is supplying data feeds to more than 25 Ethereum-based DeFi apps.

Apart from this cooperation with Chainlink, Staked also runs validation nodes for PoS-based crypto coins, offering lending options that give the owners of crypto assets an annualized yield of in-kind currency.

Among the investors of Staked are such crypto giants as Coinbase, Pantera Capital and Winklevoss Capital.

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.