ChainLink is seen continuing to surge higher.  The price of Link was reportedly trending at $13.28 at CoinMarketCap on Sunday, 9 August 2020 Coordinated Universal Time (UTC). Analysts have to state that there are no resistances to suppress its price action.  And, that LINK is clearly in a price discovery phase.

Reportedly, there seem to have been massive inflows on spot and margin markets, which is pushing its price higher.

Further it has been stated that the price action of LINK is related to shorts getting “squeezed” out of their position, which has furthered the asset price higher.

Sydney Ifergan, the crypto expert tweeted:  “ChainLink (LINK) and several other oracle coins are reportedly rallying. DeFi boom is on the dice.”

ChainLink – Official Channel tweeted:  “Learn how to deploy your first #SmartContract with #Chainlink. We’ve created a step-by-step walkthrough that enables anyone to create a Chainlinked contract, deploy it to a testnet, and use it to consume off-chain data from an oracle.”

The ChainLink Walkthrough is very handy for anyone looking to launch a successful ChainLink project.  Everything from start to finish is covered for the users in the step-by-step guide. Anyone who completes the step-by-step guide will find it easy to “Deploy a testnet contract on Ropsten, Fund your contract with testnet LINK, Request and receive data (ETH/USD price), and View the data from your contract.”

The good thing is that there are no prerequisites.  The guide will walk the user through every step.  Since they are using Remix, there is no need to setup a development environment either. Also, there is no need to run a Chainlink or Ethereum node to complete the guide.

ChainLink (LINK) Integrations

Among several other things, ChainLink expressed that they are thrilled to award a grant to @linkpoolio, from the Chainlink Community Grant Program.  Thus, adding additional features to http://market.link, making Chainlink easily accessible to even smarter contract developers.

Yet another noteworthy event in the ChainLink Blockchain Space is about Decentralized gold mint @Bullionix_io getting integrated to #ChainlinkVRF to access a provably fair source of randomness to power its coin flip experience. Results will determine the appearance of special edition Bullionix NFTs, adding a new dimension to minting.

Also, Decentralized lending protocol @HodlTree is integrating #Chainlink’s ETH/USD & BTC/USD Price Reference Data to ensure accurate collateral valuations when issuing loans & executing liquidations. This provides users w/ on-chain guarantees of the loan process

Since ChainLink Oracle is already established for its reliability, it is not surprising to see new integrations happening literally every day.

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