Chainlink (LINK), the market’s tenth largest cryptocurrency, has performed incredibly in recent months.
Chainlink, one of the most popular cryptocurrencies recently, continues to grow rapidly. The market value of LINK, which gained a good momentum especially after the Nexo news, exceeded 2 billion dollars.
Earned 30 Percent
.@NexoFinance, a leading loan provider with over $600MM in AUM, will use #Chainlink’s Price Reference Data to help calculate interest payments & perform collateralization checks. This provides on-chain transparency & reliability for key lending functions. https://t.co/9AZrlMFTKZ
— Chainlink – Official Channel (@chainlink) July 8, 2020
Nexo, one of the biggest lending platforms in the industry, announced that it will use the technology of Chainlink recently. This announcement by Nexo must have made Chainlink investors laugh a lot. Because LINK started to appreciate rapidly after this news.
When we look at platforms like Coingecko, we can see that the instant price of Chainlink is over $ 7. This is a serious number because LINK was at $ 4.85 a week ago. Even more than $ 8 a few hours ago, LINK has made some investors gain 30 percent in a few hours with this performance. In the meantime, we can say that the price of LINK at the beginning of this year is $ 1.8, that investors have earned more than 300 percent since the beginning of the year.
For the past few months I have been saying that $7.36 the next major upside target. We got there faster than expected!
Yesterday #Chainlink🔗 was at $6.16 and I said that $10 is not that far away
Now its looking like $20 is not that far away either
LETS GET IT 🔥
— Kevin Svenson (@KevinSvenson_) July 12, 2020
This movement in Chainlink price made many LINK investors and supporters happy. Of course, analysts who have supported LINK for a long time are also very pleased with these recent developments. In a post he shared the other day, crypto commentator Kevin Svenson said that LINK will not settle for $ 7 and will progress up to $ 10 over time.
Meanwhile, other crypto money commentators drew attention to LINK transactions on major exchanges. A commentator, known as Sergeys_son on social media, has stressed how many Coinbase users have received LINK recently.
— 🚀 𝙎𝙚𝙧𝙜𝙚𝙮 𝙉𝙖𝙯𝙖𝙧𝙤𝙫'𝙨 𝙎𝙤𝙣 (@Sergeys_son) July 11, 2020