Source for BlockChain News

Category archive

LINK

LINE to Introduce LINK Token Trading in April in Japan

by
LINK

LINK

Over the past few years, many companies have launched their own tokens, and one of the latest to hit the crypto markets is the LINK token. It is the proprietary crypto token that belongs to the Japanese messaging behemoth LINE’s crypto services subsidiary LVC Corporation. LINK’s appearance is a testament to the sort of resurgence that has happened in altcoins in recent times.

Major Boost

LVC Corporation announced that trading in the token is going to begin in Japan this April. This could well prove to be another major opportunity for crypto traders in Japan who are always on the lookout for the next big thing.

In this regard, it is important to point out that the LINK token is already available to traders who use the BitBox crypto exchange, which is the international crypto offering from LINE. LINK has been available on BitBox since as far back as October 2018.

The technology behind the project is quite interesting. The cryptocurrency allows a holder to use a large number of services and decentralized applications, and those are some of the factors that make it unique in the crypto sphere.

The emergence of LINK is another example of the rise in the number of cryptocurrencies that are linked to messaging services. In addition to LINK, some of the other cryptocurrencies linked to messaging apps are those created by Telegram and the upcoming stable coin from social media behemoth Facebook.

>> Ethereum Dev Virgil Griffith Pleads Not Guilty in North Korea Case

It has now become quite clear that messaging services have managed to build their very own sub-economy of sorts in the crypto sphere. It is likely that many other tokens might be launched in the near term. At the end of the day, many of these companies are backed by giant corporations, and the LINK token is the latest in a relatively long line.

Featured image: DepositPhotos © tomwang

If You Liked This Article Click To Share

Here are the Key Drivers

by
Chainlink

Chainlink

The crypto space is again back in the news after having had a turbulent period in the second half of 2019 and one of the crypto tokens that has come to attention recently is Chainlink (LINK).

Key Drivers

Some market analysts now believe that this little-known cryptocurrency is actually doing much better than Bitcoin, the biggest cryptocurrency in the world by market cap. At the start of the year, Bitcoin had been in the doldrums but the turmoil in the Middle East due to the assassination of an Iranian general by the United States has turned the tide.

BTC slipped below $6,000 at one point but ever since the strike on January 3, Bitcoin has managed to go on a bull run that has sustained over the past days. That being said, the bull run has slowed down a bit over the past few days. Chainlink is currently the 18th biggest cryptocurrency in the world by market capitalization and the token has made significant gains in 2020 so far. Since the beginning of the year, it has gained as much as 25% and since the start of 2019, it has managed to generate gains to the tune of 1,800%.

That is the sort of performance that should make crypto traders sit up and take notice. There can be no doubt that the gains made by the token are not temporary but a case of sustained gains over a longer period of time. Moreover, it represents greater gains than Bitcoin and Chainlink could come into focus among market participants sooner rather than later.

>> Bitfinex and Tether Lawsuit Revised After Plaintiffs Drop Action

According to experts, the recent rally in Chainlink is apparently linked to the enthusiasm towards cryptocurrencies in China. As everyone knows, China is potentially one of the biggest crypto markets in the world and the possibilities have created a lot of enthusiasm in the crypto space.

Featured image: DepositPhotos © iqoncept

If You Liked This Article Click To Share

Go to Top