Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => Chainlink Forum => Topic started by: Malam90 on January 16, 2021, 10:09:40 AM
-
Paxos announced its partnership with Chainlink (LINK). This announcement pushed the Link to set its new ATH record $22.42 today. Now it has become the 9th most capped coin in CMC.
Chainlink oracles will accelerate the adoption of Paxos’ USD and Gold-backed tokens in DeFi. With the proof of reserve and price available on-chain, our regulated assets will become more accessible for DeFi users.
You can read an article (https://coingape.com/chainlink-link-registers-new-all-time-high-above-22-whale-activity-high/) about this.
-
Chainlink is one of the most Amazing project nowadays. Few months ago LINK price was very cheap, i mean it was single digit. But LINK growing fast & creat a new ATH record. So that great future coming who hold on the LINK. Thanks
-
Oh so so far what has made Chainlink's price go up is because of the cooperation with Paxos, it's no wonder it has risen so fast and this has increased very drastically.
As far as I know, Paxos is a coin that is on the erc20 blockchain and has a stable price of 1:1 with USD.
And PAXOS is also heavily traded throughout the market and this allows Chainlink to adopt it for the security that Paxos has for every transaction.
-
In terms of the market cap between these two coins, there are more Chainlink coins and the difference is maybe 5 ranks with Paxos Standard.
But from this difference is because Chainlink is a non-centralized and unstable coin that can be priced at any time from Chainlink coins.
Paxos can also be a fresh fund for backups of Chainlink coins when the price is Dump and this is proof of cooperation between stable and stable coins that are the best for the future.
-
-
In my opinion, the share of Chainlink's price is accompanied by various factors, such as the factor of cooperation with large companies or with anything related to technology that can be developed with Chainlink.
The All Time High of the Chainlink coin is also very dependent on the factor of Bitcoin because Bitcoin is currently rising so fast and is able to create the latest All Time High.
-
-
Indeed, the logic is like that because it is a system that has convinced us since the first cryptocurrency was created.
Indeed, Fiat was made to stabilize the price of cryptocurrency or become a benchmark for cryptocurrency to hold the altcoisn price, there was no Dump.
Maybe it's better if this Chainlink is price-resistant by USDT or Tether than PAXOS because I think PAXOS's market cap is still inferior to USDT.