SimpleFX, the award-winning mobile trader app, just added crypto rookie of the year – Chainlink. SimpleFX traders can now Buy / Sell Chainlink (LINKUSD) or make deposits on LINK and take advantage of crazy price movements. Join the SimpleFX Chainlink $ 1000 Promotion for Exciting Rewards!
Following a considerable surge of crypto followers, Chainlink is now among the top 5 cryptocurrencies by market capitalization, right behind Bitcoin, Ethereum, Tether, and Tron. LINKUSD began trading at just $ 4.12 this January and has hit a high of $ 20 this year with a whopping 588% increase, before recently falling back to around $ 12. According to intelligence firm IntoTheBlock, 100% of LINK wallets are now profitable.
LINK is the digital asset that is used as the exclusive payment currency on the Chainlink network. There are 390 million LINK tokens in circulation today with a total cap of 1 billion. Therefore, LINK will increase in value over time.
Chainlink is a decentralized oracle network linking smart contracts on the blockchain with real world applications. The Chainlink network brings smart contracts on any blockchain to any input or output necessary to reproduce the life cycle of a contract.
Chainlink has the potential to expand the functionality of DeFi smart contracts, expand the variety of products, and attract more regulated players to join the DeFi ecosystem.
On August 16, LINKUSD posted an all-time high of $ 20 per token, with daily active addresses surging to 15,600. Prior to this, on August 8, a major contraction in short contracts in the futures market caused the price of LINK to rise 25% in one day – the first major increase.
Chainlink’s strong performance amounted to a whopping 99.61% in August alone. The growing interest in DeFi provided enough support for the recent rally.
According to Michael Anderson, co-founder of Framework Ventures, the price of LINK will continue the uptrend due to Chainlink’s plans with smart contracts, and the idea of staking in which users can earn passive income when they bet on LINK tokens as collateral, with Chainlink nodes. Chainlink’s most important partners include Google, Intel, Deutsche Telekom, Oracle, and the National Blockchain Services Network.
SimpleFX Chainlink Promotion: $ 1000
SimpleFX is the easiest online trading platform where you can buy or sell LINKUSD and other popular cryptocurrencies from your desktop or mobile device.
Join the SimpleFX Chainlink $ 1000 promotion and redeem your rewards. All you have to do is trade LINKUSD or deposit using LINK at SimpleFX from September 10-24, 2020. It takes less than $ 5 to open the smallest trade. Review the terms and conditions of the promotion here.
Not part of SimpleFX yet? Create your trading account using your email. There are no “know your customer” processes, no commissions and no minimum deposits required. Don’t miss your chance.