Category: ChainLink

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Bitcoin ChainLink Cryptocurrencies Ethereum OmiseGO Stellar

5 Crypto Coins That Could Have a Great 2021

These are the coins i really like the look of in 2021. This is not financial or trading advice, I’m just sharing some information and thoughts on these projects that look interesting this year.

1. Bitcoin (BTC)

Bitcoin is the first successful internet money based on peer-to-peer technology; whereby no central bank or authority is involved in the transaction and production of the Bitcoin currency.

The Price of BTC in 2020 went from US $7,000 to now $33,000 – Source: Coinmarketcap.com

The end of 2020 saw the start of the institutional money flowing into BTC with the Bitcoin marketcap rising from US $130 Billion to over US $500 Billion. With big players such as Paypal, Square Inc, MicroStrategy Inc and other institutions adding thousands of BTC to their holdings.

There is also a big reduction in the supply of new BTC as we saw the daily issuance supply dry up. And the data shows 78% of circulating BTC being illiquid and not traded, and big companies buying the newly mined Bitcoins which is also having an impact on the supply of BTC.

2. Ethereum (ETH)

Ethereum is a decentralized open-source blockchain system that features its own cryptocurrency, Ether. ETH works as a platform for numerous other cryptocurrencies, as well as for the execution of decentralized smart contracts.

The Price of ETH in 2020 went from US $129 to now $1,090 – Source: Coinmarketcap.com

Since 2020 we have seen ETH grow 744% in price outperforming Bitcoin which increased 371% and the S&P 500 at only 8.35%.

The recent developments of the ETH launchpad and Ethereum 2.0 has certainly sparked the interest in Ethereum.

In 2020 we also saw the emergence of DeFi and it’s marketcap surpassing US $10 Billion which looks like a very interesting market with lots of exciting developments for 2021.

3. Chainlink (LINK)

Chainlink is a decentralized oracle network which aims to connect smart contracts with data from the real world.

The Price of LINK in 2020 went from US $2 to now $14 – Source: Coinmarketcap.com

Chainlink provides is the missing link (pun intended) between the real world data and the virtual blockchain data. The smart contracts provided by other blockchains such as Ethereum will require real world data to execute. This is where Chainlink comes in to provide verifiable data to those networks through real world APIs.

Looking to 2021 as Chainlink continues to add to its growing number of partnerships and more blockchains to start to use its services and DeFi projects to use Chainlink’s decentralized oracle network.

4. Stellar (XLM)

Stellar is an open network that allows money to be moved and stored. When it was released in July 2014, one of its goals was boosting financial inclusion by reaching the world’s unbanked — but soon afterwards, its priorities shifted to helping financial firms connect with one another through blockchain technology.

The Price of XLM in 2020 went from US $0.04 to now $0.19 – Source: Coinmarketcap.com

Stellar was founded in the USA where some of the Ripple founders left and cloned the codebase and rewrote it. I’m quite impressed with the coding activity of Stellar seen on Github which if it continues, they should have a great 2021. Also looking forward to seeing what the partnership with IBM and blockchain cross-border payments can produce and possible banks launching stablecoins on the network.

5. OMG Network (OMG)

OMG Network, formerly known as OmiseGo, is a non-custodial, layer-2 scaling solution built for the Ethereum blockchain. As an Ethereum scaling solution, OMG Network is designed to allow users to transfer ETH and ERC20 tokens significantly faster and cheaper than when transacting directly on the Ethereum network.

The Price of OMG in 2020 went from US $0.6 to now $3.30 – Source: Coinmarketcap.com

Founded in Thailand in 2017, OMG is covering areas such as payments, loyalty points and banking/finance.

2021 could see OMG switch to Proof of Stake (POS) and working with ETH to scale transactions lowering transaction fees through the Plasma Network.

Closing Remarks

Obviously there are thousands of cryptos and projects that are trying to solve complex problems and improve all areas of our industries. The cryptocurrencies and tokens are starting to enter mainstream news now and i’m sure 2021 will see a lot more exposure for these awesome projects.

The Price of BTC in 2020 went from US $7,000 to now $33,000
The Price of ETH in 2020 went from US $129 to now $1,090
The Price of LINK in 2020 went from US $2 to now $14
The Price of XLM in 2020 went from US $0.04 to now $0.19
The Price of OMG in 2020 went from US $0.6 to now $3.30

I wonder how these will perform in 2021… Check back next year for an update!

Categories
Australia Bitcoin ChainLink Cryptocurrencies Ethereum Investing Litecoin

New Report Reveals The Six Coins Aussie’s Are Holding In Their Crypto Portfolios

A recent report shows what cryptocurrencies Australians are holding in their portfolios. Over 1,000 Australians were interviewed, interesting revealed that the northern territory is the largest holder of digital assets compared to the other states.

What Coins Are Aussies Hodling?

Not surprisingly, the most popular asset held is Bitcoin (BTC). One surprise though was although Ethereum (ETH) is the second most popular crypto by market cap, more Australians are holding Ripple (XRP).

  1. Bitcoin: 74%.
  2. XRP (Ripple): 28%
  3. Ethereum: 27%.
  4. Bitcoin Cash: 17%
  5. Litecoin: 15%
  6. Chainlink: 5.2%
  7. Others 8.5%

While these are currently the most popular in the average Aussie portfolio, other tokens amounted to a total of 8.5%. Interestingly, the crypto held by Australians mostly resembled the actual order by market cap, similar to that of a “crypto index”.

Millennials Are Making The Most Out Of Crypto

The report also suggests, adults between the ages of 25 and 45 consider cryptocurrencies as savings for their future. At least 18 % of Australians own some token, and 2 out of 5 consider it a good investment.

About 42.7% of those interviewed said they increased their capital by making successful investments in the cryptocurrency market. In contrast, only 20% have lost money. Last year, only 35% of those surveyed increased their wealth.

Cryptocurrencies in Australia are more popular among the youth. However, Australians who have increased their wealth the most are adults between 45 to 50 years old.

From: Independent Reserve

Australians Are More Positive About Crypto in 2020

Above all, the survey has reflected a more positive attitude towards digital assets in Australia for 2020. Bitcoin has gained more attention in these last few months, breaking all time highs. This marks a milestone in the history of BTC — which could attract more people looking for more diversity in their financial investment portfolios.

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ChainLink Trading

ChainLink (LINK) Trading Analysis – Ascending Triangle Forming on LINKBTC

Chainlink [LINK] is a token based on Ethereum blockchain. The LINK Network provides smart contracts with data, bank payments and access to APIs. Let’s take a look at some current price analysis, indicator tools and trading techniques to form some hypothesis on whats happening.

ChainLink Quick Stats

Symbol:LINK
Global rank:5
Market cap:$7.3 Billion AUD
Current price:$18.85 AUD
All time high price:$27.21 AUD
1 day: +3.4%
7 day: +8.70%
1 year: +397%
Useful Links:Latest LINK News
Buy LINK on Swyftx
Trade LINK on Binance

Ascending Triangle Forming on LINKBTC?

According to this chart, it looks like LINK could be forming another ascending triangle rise on the 3 day chart, resting on the 89 MA. An ascending triangle is a bullish chart pattern where the lines draw a triangle pattern in an uptrend.

Resistance Broken on LINKUSDT?

This chart shows LINK is to break strong resistance between at $13.5 and suggests it would go $20 USDT. A resistance line is where there is a growing number of sellers who wish to sell at that price.

What do the technical indicators say?

The LINK TradingView indicators (on the 1 day) mainly indicate LINK as a sell, except the Oscillators which indicate LINK as a buy.

Notable Recent ChainLink News

Where to Buy or Trade ChainLink

Buy LINK on Swyftx or Trade LINK on Binance

Conclusion

Some trading charts suggest LINK may go up, while some technical indicators suggest LINK may go down. The recent news on ChainLink is mostly positive which partnerships being made.

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Australia ChainLink Gemini

Gemini Announces Support for AUD as ChainLink Captures Position of 5th-Biggest Crypto, Soars Beyond $18

New York-based cryptocurrency exchange Gemini has announced new support for AUD, providing Australian traders with the ability to buy and sell cryptocurrency — including LINK — without costly exchange rates.

Announced on August 17, the new Australian Dollar support will allow Australian users of the market-leading cryptocurrency exchange to deposit AUD directly to Gemini wallets. The announcement follows the integration of three new currencies earlier this year, Orchid, Dai, and Chainlink — the last of which has recently experienced a stratospheric rise in value.

Gemini Expands Aussie Trader Access to Chainlink

Until recently, it’s been relatively difficult for Australian traders to trade AUD directly for altcoins — or cryptocurrencies that are not listed within the top 10 cryptocurrencies by market cap. Very few Australian cryptocurrency exchange platforms provide users with the ability to exchange AUD for Chainlink (LINK), for example — with exceptions such as Aus/NZ-based Easy Crypto.

Chainlink’s continual climb into double-digit values has captured the attention of cryptocurrency traders and investors around the world, justifying the efforts of long-term supporters of the LINK token who refer to themselves as “Link Marines.”

What is Chainlink, and What Does it Do?

Chainlink is primarily concerned with interoperability between blockchain networks and the “real world,” described as a “framework for building decentralized oracle networks that give your smart contract access to secure and reliable data inputs and outputs.” 

While that may sound complex, the core rationale behind it is relatively straightforward — Chainlink aims to bridge the gap between the blockchain networks that cryptocurrencies operate on and real-world data.

Chainlink can be used, for example, to enrich the use of smart contracts — immutable contracts built on blockchain networks. While smart contract technology presents unique use cases, such as the rapidly-growing decentralized finance industry, Chainlink’s oracle technology opens the door to blockchain-based identity, internet of things applications, the insurtech industry, or medical data.