Chainlink price has erupted about 25% this week to comfortably trade above the $40 handle
Crypto traders looking to buy LINK tokens are likely to target the 161.8% Fibonacci extension line at $46.80
Chainlink (LINK) price has extended its bullish run above the $40 mark this week as institutional investors, such as Graph Blockchain, continued to invest in popular digital assets.
Fundamental analysis: Graph Blockchain allocates $500,000 into LINK
Graph Blockchain Inc. has announced it has deployed the final tranche into Chainlink’s token LINK, marking its third token acquisition. After announcing the $2 million deployments on April 6, Graph has invested the final tranche of half a million dollars into LINK.
Chainlink (LINK), the decentralized oracle network, hit an all-time high of $42.08 on Wednesday.
What Happened: LINK traded 11.05% higher at $40.02 on Wednesday night at press time. The cryptocurrency has shot up 25.76% over a seven-day trailing period.
The market capitalization of LINK has grown 10.81% to $16.75 billion, as of press time. The coin enjoys a market dominance of 0.76%. According to Glassnode data, Chainlink liquidity on Uniswap reached an all-time high of $54.98 million late Wednesday.
Meanwhile,
Bitcoin (BTC), which is the largest currency by market cap, has a market dominance of 53.1%.
BTC traded 0.98% lower at $62,773.53 at press time. The cryptocurrency touched an all-time high of $64,863.10 on Wednesday.
Graph Blockchain Inc. is pleased to announce that it has opened a Coinbase Pro Account, an institutional trading platform, with Coinbase Global, Inc. .Coinbase Pro is a trading platform for individual traders and crypto enthusiasts. It offers a secure and easy way to buy, sell, and trade digital assets online instantly across various trading pairs. With a Coinbase Pro account, you can track the market, view trading .
Graph Blockchain Corp: Graph Blockchain Announces Institutional Pro Account with Coinbase Global finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
Graph Blockchain Inc. is pleased to announce that through its wholly owned cryptocurrency subsidiary, Babbage Mining Corp., the Company has deployed additional capital of CAD $2 million.
Graph Blockchain Inc. (CSE: GBLC) (OTC Pink: REGRF) (“Graph” or the “Company”) is pleased to announce that through its wholly owned cryptocurrency subsidiary, Babbage Mining Corp. (
“Babbage”), the Company has deployed additional capital of CAD $2 million.
The Company has allocated $1,500,000 of its staking capital with $1,000,000 into the Polkadot (
“DOT Token”) and $500,000 into the Cardano (
“ADA Token”) on April 5, 2021 to increase its position. The Company will have a further announcement on the deployment of the additional $500,000 on notification that the order has been executed. The Company anticipates additional information will be provided as the projects develop and progress through buying phases.