Why is Chainlink (LINK) crypto attracting attention?

Crypto Chainlink (LINK) is grabbing people’s attention after announcing the progress of its Web3 projects. On March 29, Chainlink Labs said it had hired Dahlia Malkhi as Director of Research to lead the Web3 division. Malkhi previously worked as CTO at Diem Association, a stablecoin project previously backed by Meta Platforms Inc. (FB), formerly Facebook.

Chainlink Labs was co-founded by Sergey Nazarov and Steve Ellis in 2017. Chainlink provides data to smart contracts, and it has attracted many investors.

The workforce has increased from 70 a year ago to 300 at the end of 2021, reflecting strong growth. The workforce is expected to reach around 400 people in 2022.

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What is Chainlink Crypto (LINK)?

Chainlink is a blockchain abstraction layer focused on enabling universally connected smart contracts. Through a decentralized oracle network, it provides secure blockchain interactions with external data streams, events, and payment methods. Additionally, it provides critical off-chain information required by complex smart contracts.

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Its network is driven by a large open source community of data providers, node operators and smart contract developers. It claims to ensure decentralized participation of all node operators and users willing to contribute to the network.

The LINK token can be traded on exchanges like Binance, OKX, Upbit, etc.

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Why does he go up?

One of the reasons could be the recent hiring of executives. Additionally, the participation of Chainlink Labs CEO Sergey Nazarov at the Barclays Bank Crypto & Blockchain Summit has attracted interest from various investors. At the event, he talked about smart contracts and Chainlink powers banks.

Additionally, Chainlink announced that its data feeds provide over 2 billion on-chain data points.

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Source: *Data provided by CoinMarketCap.com

At the end of the line :

The LINK token was priced at $17.23 at 10:23 a.m. ET on March 31, up 1.36%, while its one-day volume rose 5.86% to $818.26 million. . With a market cap of 8.04 billion and a fully diluted market cap of US$17.22 billion, its total and maximum supply is 1 billion. Its current circulating supply is over 467 million, according to Coinmarketcap.com.

The token has gained 12.47% over the past 30 days, and during the same period, its highest and lowest prices were $17.99 and $12.51, respectively.

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Harry D. Gonzalez