Conference Pumps Chainlink

chainlink pumps july 2020

Chainlink has suddenly jumped to a market cap of close to $3 billion and is nearly overtaking litecoin to now tenth position in crypto rankings. The ethereum based token has doubled in the past week and is up some 4x since March, rising from about $2 to now $8 as can be seen above. It has also seen significantly increased volumes of $1.6 billion, up from the usual $300 million in June. The recent straight up line appears to be due to the announcement of a conference to be held in August. They expect speakers from Microsoft, Oracle, ConsenSys, Synthetix, Aave and a lot more, with this seemingly being more a somewhat general defi conference but with a Chainlink focus. The rise of decentralized finance (defi) has also propped up chainlink which is kind of a template to connect smart contracts with centralized APIs to increase robustness as instead of…

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