Experienced cryptocurrency trader Peter Brandt relies on Chainlink (LINK) shortly after the digital asset flipped Binance Coin (BNB) and Litecoin (LTC) before doing a small retracement.
Peter Brandt, who had previously seen nothing good when trading with Chainlink, said again that it is a lot of fun to trade the digital currency.
He said the card shared by a crypto trader Bob Loukas did what it was designed to do. The veteran dealer went on to say that the card was “a beautiful ascending triangle,” reflecting that Loukas is a pro at the arena.
Peter, who appears to be a devout opponent of some digital currencies, is throwing his full weight behind the seemingly impressive Chainlink, which has a market value of $ 2,793,193,087, which has allowed him to invest in Binance Coin, TRON, and a host of other crypto assets come by.
Chainlink (LINK) maintains the stable position
When Chainlink first rallied, it touched the 8th position, undoing Litecoin, before returning to the 9th position with a price increase of 10.06% over the past 24 hours. At the time Chainlink was ranked 8th, its market cap was around $ 2.84 billion.
In the past, LINK had hit $ 8.22, which was its all time high. However, during this current rally, LINK approached the previous high and hit $ 8.17. At the time of filing this report, LINK is trading a little over $ 7.
Chainlink’s LINK is among the top performing crypto assets in 2019 and 2020, having achieved a return on investment (ROI) of over 2,500% since its release in 2017.
Chainlinks series of partnerships
A major reason for LINK’s recent dramatic and grand rally is the growth of Decentralized Finace (DeFi). However, according to LINK, LINK is only connected to a group of people who are betting on Chainlink with huge funds.
In departure from the claims, LINK has seen impressive growth as one of the highest-winning coins on the Aave protocol, and there is evidence of Google Trends that people are more interested in Chainlink than in the past.
Another possible reason for Chainlink’s growth is the number of partnerships the company has recently entered into.
Revolution Populi, a platform working to create a “secure and reliable end-to-end digital roundtrip ecosystem” using blockchain technology, has announced a partnership agreement with Chainlink. Revolution Populi said it partnered with Chainlink to challenge Twitter, Facebook, and a few other large corporations that have conquered and fought the sovereign right and privacy of internet surfers.
In addition, Bamboo Relay, a recognized relay for decentralized protocols, has integrated Chainlink oracles.
The two are among the many platforms and companies that have recently integrated the decentralized protocol.