Ethereum and chainlink can be compared to isp s which enable us to access the internet host websites and send email oracles can be seen as protocols which ensure that real world data is securely delivered to its intended destination connecting blockchain networks with data providers api s cloud services iot devices and more. Chainlink allows for the interaction of real world information.
However while btc is dow bitcoin ethereum ripple polkadot and chainlink thebitcoindesk.
Bitcoin ethereum chainlink. Bitcoin ethereum ripple s xrp litecoin and chainlink five of the biggest cryptocurrencies by value have bounced back from a sell off this week. Chainlink as an overhyped defi coin is still a debate that floats around the cryptocurrency ecosystem among prominent industry players ever so often. On wednesday ethereum penetrated beneath the november low at 0 0262 btc and continued as low as 0 024 btc setting the fresh 7 month low.
During the past seven days we saw an extended correction in bitcoin s price which failed to recover to its previous all time highs. It has since bounced slightly higher to trade at 0 0254 btc today. Luckily the buyers managed to recover on wednesday to close the daily candle above 0 025 btc.
This increase has unsurprisingly been paralleled by the performances of individual cryptoassets with bitcoin btc rising around 150 over the same time frame and with ethereum eth xrp and chainlink link rising by around 330. Top crypto analyst timothy peterson believes that chainlink will eventually be bigger than bitcoin. Bitcoin ethereum and chainlink european wrap 28 january cryptos jan 28 13 12 gmt bitcoin network breakdown seems imminent reckons head of bank for.
His prediction is based on the fact that link is not affected as much by btc s movements. Furthermore the price of link is dependent on chainlink s user growth. The short bear market that hit the altcoin market in october is considered to be one of the few instances where investors have made a reverse investment decision.
The bitcoin price climbed to over 18 000 per.