Bitcoin Forum

While all the market attention has been in and around Bitcoin, investors need to look at some better and alternate options. The crypto market is currently buzzing with some once lesser-known altcoins.

Oracle service provider Chainlink (LINK) has been one of the top performing cryptocurrencies for 2020. Chainlink continues its massive rally in the crypto market surging more than 250% since the beginning of 2020.

Chainlink is one blockchain network that helps to solve one of the most pressing issues of the blockchain industry. The Chainlink oracles help to connect Ethereum-based smart contracts with off-chain data thereby establishing a bridge between off chain platforms and the blockchain network.

This has turned out as the most vital application as several businesses running decentralized applications like DeFi can have access to off-chain data and automate the entire process on a blockchain platform. With the recent surge in DeFi, the demand for Chainlink has been on a rise.

Two weeks back, Chainlink also entered a collaboration with China’s Blockchain Services Network (BSN) to help them with easy data transfer. Besides, Chainlink is making some important partnerships with other businesses and helping them with oracles services.

At press time, Chainlink (LINK) is trading at $7.32 with a market cap of $2.56 billion. Chainlink has climbed up the ranks to grab a spot in the fifteen most-valuable cryptocurrencies by market cap. Chainlink is witnessing a major surge in its daily trading volumes which has reached over $800 million.

Another smart contract token Tezos (XTZ) has surged very fast in 2020 and is currently witnessing high daily trading volumes. Since the beginning of 2020, Tezos has surged over 90% and is currently trading at a price of $2.95 with a market cap of $1.95 billion. If Tezos manages to cross its major resistance of $3, it will further continue to surge from these levels.

VeChain (VET) - a blockchain-powered services that focuses on providing institutions with supply chain organization, financial services and smart contracts - is now in limelight. Many analysts call VeChain as one of the most-innovative blockchain networks in the market.

Recent industry reports suggest that VeChain might enter into a partnership with Ripple very soon. While it’s not confirmed yet, VeChain is seeing a good jump in its daily trading volumes.

At press time, VeChain (VET) is trading at a price of $0.017 with a market cap of $997 million and daily trading volumes at $1.36 million.

Source: WorldCoinIndex (https://www.worldcoinindex.com/news/altcoins-are-currently-surging-very-fast-chainlink-tezos-and-vechain)

Chainlink and Dogecoin are the real winners for the past 2 weeks. The fact that LINK was able to get to top 10 really proves their worth. Something that we should watch out for too is Symbol by NEM (https://symbolplatform.com/latest/). It is an advanced blockchain evolution by NEM and they'll be having a 1:1 airdrop for all XEM holders so it's going to be easy coins/profits for sure.

https://i.imgur.com/f4HS2co.jpg

I don't call a large Dogecoin pump and dump scheme a winner, i call it losing value in the long run. They sure are trying out some pretty desperate techniques in an effort to prevent that.
TikTok user to TikTok followers  : 'lets all get rich by investing in Dogecoin', really?  ::)

This latest pump and dump scheme will most likely put Dogecoin way below 0.00000022646, it is only a matter of time.

I am still confused with the market at the moment because many people are already calling altseason but most of the alts are still ranging and have got no clear direction only a handful of alts have pumped and people started calling it the next big thing but i think it is just market realignment before the real bull run starts obviously money is flowing to good projects at the moment causing pump which is a good thing.

Chainlink is now among the ten top cryptocurrencies base on market capitalization. I see many of the altcoins that were performing badly gaining momentum. I believe that we would still have strong reasons to see more of this coins continue growing.

yes, and in my opinion chainlink, tezos and vechain is the good alts to hold now
anyway thanks for sharing aboyt symbol by NEM,
seems this actions will push the price of XEM up,

It may reach in top 3.

Utility is not driving the price, it is pure speculation. End of story.

Chainlink has a ton of partnerships, but no real use case. They still cannot stake, and you need to undergo KYC in order to run a node, on a centralized network, being Ethereum.

Chainlink isn't decentralized, which is kind of laughable. They didn't even move to their own blockchain yet, which could be a disaster if they want to rely on nodes running their oracles. Ethereum uses a centralized data protocol called Infura to process data between the ETH main chain, and it's tokens. Infura is a single point of failure, which could shut down the whole ETH network over night, making these "oracles" completely useless, as they cannot function without Infura in place.

Blocknet is making their own data protocol, which doesn't have this vulnerbility, which can process ETH based data in a decentralized way, which would benefit ETH a LOT. LINK is a hyped up project with a lot of "muh partnerships", to pump the price up. Tech wise, it's really not anything special.

It wouldn't surprise me if we see a small run up to $10, but once people realize it's way too hyped up, the price will crash, hard.

Those coins are getting promoted to the public more in a large scale in that recent times that is why the price is getting increased but if a whale decides to cashout when surging then this could end all the hope of those new investors.But no one is promoting coins like bitcoin but still it is getting adopted in the most organic way which is far healthy to the crypto market then being bumped by the money.

remember not always the bullish cycle lasts long, there will be a pair that is bearish,
even though Tezoz, Chainlink looks up,you don't be tempted and buy when prices are expensive

Chianlink is virtually noticed by all when it quickly hit $4 but just recently it touches $8.

Its not just these 3 that actually rise up quickly there are tokens that you may not have heard in your years in crypto like the ones we can only find in the EOS chain, they have also been moving up fast too quick you won't have a chance to buy at the cheapest price. This must have been happening with TRON tokens as well and with Defi hype, its likely going to kick the bullrun.

Usually, after the surge, there will be a downtime so that's very expected.

And for bitcoin, there's no need for anyone to promote it because it's very known. That's like advertising a very known product but as for bitcoin, it's a very special case because there's no one that's managing it as the central power of it to manage its ads.

Although, every individual can volunteer to do it.

Funny do you think not,,, how even 250% is considered a massive rally for altcoins when it used to be that they could do even 5-figure percentile points of 10,000%?

I mean, if you consider Bitcoin itself, from the low of 3400 it actually made almost 200% so why would I risk altcoin for only 50% when I can still have it all in Bitcoin in huge volumes?

Seriously?look at your chainlink  now after week  of  pumping
https://coinmarketcap.com/currencies/chainlink/

Si this the one that you can consider investing for long term?another Pump nad Dump currency?


and today is the start of the fall,Investors  be Mind  about  the decision you made,better  get out  now  or  be trapped.
tezos  seems to be  doing good this past months
https://coinmarketcap.com/currencies/tezos/

This is worth for day traders because the movement is consistently going up and down.
Look at the graph and  let people decide.
https://coinmarketcap.com/currencies/vechain/