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The post This Altcoin is the Best Performer of the Week, Will it Outperform Bitcoin Price Rally? appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide

A popular altcoin, specifically a DeFi token, Chainlink (LiNK), has regained a bullish momentum and spiked more than 30%. LINK has registered a nearly 8% jump in the past 24 hours smashing $9.15, the highest in a month. The rally set off with a gigantic upswing after numerous updates were announced including staking. Moreover, Avalanche blockchain also deployed multiple services related to Chainlink on its network. 

Chainlink is one of the largest oracle service providers for decentralized networks that are used to integrate price feeds into smart contracts. The recent rally was fueled by the move ignited by Avalanche, deploying 2 main features of Chainlink-  Keepers and Variable Random Functions (VRF). 

These Chainlink features on Avalanche aim to offer the developers better uptime and enhanced security over the smart contract. Therefore, Chainlink’s integration across multiple blockchains could increase the user fees which is collected in terms of LINK. This, in turn, could provide a larger boost for the asset that may begin with a significant rally very soon. 

In a recent update, Chainlink is all set to launch the staking feature by launching Chainlink 2.0. The platform is expected to offer incentives for the staked LINK tokens to the traders. With enhanced security, the platform may also include multiple community participation. 

On the other hand, long-term holders will remain in the spotlight as they may be eligible for huge rewards.

The blockchain also aims to reward the LINK holders by deploying emission and user service fees. The announcement spiked the LINK price massively which uplifted the asset close to $10, registering itself as the best performing asset of the week. 

2 thoughts on “This Altcoin is the Best Performer of the Week, Will it Outperform Bitcoin Price Rally?

  1. In about 24 hours we will have the last Ethereum update before the merger to proof of stake from proof of work. A true milestone not only for Ethereum but for all of Crypto as this has been one of thr most anticipated events in crypto ever (maybe the most) and it's gonna have in just a few days…

    Still can't believe that we have come this far it always seemed like we will never get this update after so many delays. But now on the Sep 15th it's finally here. Even if it's overhyped now it's truly something special here.

  2. One of most common misconceptions im crypto is that people's wallets can get hacked. It is total bullshit, wallets are as safe as their seed phrase, so very safe. Don't want to bore anyone with math, but with current technology hacking anything backed with 12 or 24 seed phrase is totally impossible and will stay that way for very long time, unless someone will create quantum computer, but it is sci-fi for now.

    What is important for average user is that crypto wallet can't be hacked. If anyone tell otherwise they either lie or have no idea what they talk about. Getting hacked sound cooler, you imagine guy doing weird things on his computer and hacking you wallet… Yeah, let's leave those pseudo hacking incorrect images to action movies.

    Truth is much simpler, vast majority of people they get their wallets “hacked” were scammed either by e-mail or DM. They opened phishing e-mail or even worse shared their seed phrase to some random pretending to be support… Or theyOne of most common misconceptions im crypto is that people's wallets can get hacked. It is total bullshit, wallets are as safe as seed phrase, so very safe. Don't wante to bore anyone with math, but with current technology hacking anything backed with 12 or 24 seed phrase is totally impossible and will be for very long time, unless someone will create quantum computer, but it is sci-fi for now.

    What is important for average user is that crypto wallet can't be hacked. If anyone tell otherwise they either lie or have no idea what they talk about. Getting hacked sound cooler, you imagine guy doing weird things on his computer and hacking you wallet… Yeah, let's leave those pseudo hacking incorrect images to action movies.

    Truth is much simpler, vast majority of people they get their wallets “hacked” were scammed either by e-mail or DM. They opened phishing e-mail or even worse shared their seed phrase to some random pretending to be support. Or they wrote seedphrase into some shady site. No one even if was scammed will admit it cause of shame. Easier for them to keep their face by pretending they were hacked. People love to blame anyone but themselves.

    If you don't store your seed phrase on any device, but on paper, if you never share it with anyone, never click unknown links or connect wallet to any shady sites you won't be scammed and your wallet will be 100% safe.

    TLDR: 100% of time when someone say any crypto wallet was hacked it is just human fault, not any hacking.

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