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HomeCrypto NewsMarketNasdaq Acknowledges Chainlink As An Altcoin With Solid Potential In 2021

Nasdaq Acknowledges Chainlink As An Altcoin With Solid Potential In 2021


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The Well-Known American Stock exchange Nasdaq has recently published an article titled “7 Altcoins That Still Have Solid Potential In 2021” that include ChainLink (LINK) in its list.

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The Nasdaq article says that because of recent sell off crypto investors are looking for low priced coins that could make new cryptocurrency millionaires.

According to article these seven coins have a strong product and true potential that make them look very attractive for crypto investors with much up side potential.

The article reads:

“There have been spectacular increases in the price of altcoins in 2021. Thus it is no surprise that the market is looking for new low-priced altcoins that could make new “crypto millionaires.” As a result of the recent sell-off in digital currencies, cheaper altcoins might look like attractive assets due to their potential upside. Therefore, today I’ll discuss seven low-cost cryptos that still have solid upside potential in the rest of the year. What a week it has been for cryptocurrencies. In a matter of days, many of the darlings among digital assets are about 50% down from their all-time-highs hit earlier in the year.”

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The List include following coins:

  • Basic Attention Token (BAT)
  • Chainlink (LINK)
  • Chia (XCH)
  • Chiliz (CHZ)
  • Holo (HOT)
  • VeChain (VET)
  • Zilliqa (ZIL)

Nasdaq Admired Chainlink (Link) as an Altcoin with Solid potential in 2021

Link is native token of Chainlink. According to Nasdaq article:

“Chainlink is a Decentralized Oracle Network (DON), or a group of independent blockchain oracles that provide data to a blockchain.”

What Nasdaq article says about Chainlink:

“Oracles are sources of data between the blockchain and the “real” world. In other words, Chainlink aims to link independent blockchain projects to real-world data. In its own words, Chainlink is working to address “the problem of interoperability and connectivity.”

According to Kraken, “Every oracle within the Chainlink network is incentivized to provide accurate data since a reputation score is assigned to each.” LINK-USD is used to pay the network’s oracles for providing secure data feeds.

Incorporating real-world data could mean enormous potential for blockchain networks in the long-run, and LINK-USD might become a leading crypto standard among decentralized oracle networks. The crypto deserves further due diligence and a possible place in long-term portfolios.”

Chainlink has gained strong reputation as a decentralized oracle network and cryptocurrency that provides real-world data to blockchains. Chainlink has become one of the main sources of data used to feed information to applications in decentralized finance.

Read: Nasdaq Article

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Mark Brennan
Mark Brennanhttps://thecryptobasic.com/
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.

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