{"id":386162,"date":"2019-06-14T17:00:47","date_gmt":"2019-06-14T17:00:47","guid":{"rendered":"https:\/\/ktsl888.com\/?p=386162"},"modified":"2024-06-11T17:17:13","modified_gmt":"2024-06-11T17:17:13","slug":"chainlink-google-deal-is-an-approval-a-link-mega-rally-in-waiting","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/chainlink-google-deal-is-an-approval-a-link-mega-rally-in-waiting\/","title":{"rendered":"ChainLink-Google Deal Is An Approval, Will the Ethereum Token Rally?"},"content":{"rendered":"<ul>\n<li><em>Link prices surge, up 38.4 percent<\/em><\/li>\n<li><em>The involvement of Google may cement ChainLink&#8217;s position<\/em><\/li>\n<\/ul>\n<p><em>Google&#8217;s interest is enough to propel Link&#8217;s prices to new highs. Consequently, ChainLink may end up dominating the Oracle market. Thanks to yesterday&#8217;s announcement, Link is up 38.4 percent. However, this appears to be the early stages of a possible mega rally.<\/em><\/p>\n<h2>ChainLink (Link) Price Analysis<\/h2>\n<h3>Fundamentals<\/h3>\n<p>Mystic as they sound, so-called &#8220;<a href=\"https:\/\/ktsl888.com\/2018\/07\/15\/between-oracles-and-smart-contracts-jur-to-take-dispute-management-onto-the-blockchain\/\" target=\"_blank\" rel=\"noopener noreferrer \">Oracles&#8221;<\/a> will revolutionize cryptocurrency and blockchain. The critical role of these connectors cannot be understated. While listing down potential game changers in the <a href=\"https:\/\/ktsl888.com\/2018\/09\/12\/ethereum-blockchain-being-used-to-help-hurricane-victims-with-insurance-payouts\/\" target=\"_blank\" rel=\"noopener noreferrer \">Ethereum blockchain<\/a>, he confidently mentioned the Prediction markets.<\/p>\n<p>Heavily reliant on <a href=\"https:\/\/ktsl888.com\/2018\/07\/23\/coinadmin-ensure-ico-smart-contract-security-reliability\/\" target=\"_blank\" rel=\"noopener noreferrer \">smart contracts<\/a>, the prediction markets, a burgeoning industry, will be limited if there are no trusted oracles. These bridges, in blockchain terms, process and translate outside information and link them with fragmented blockchains.<\/p>\n<p>With <a href=\"https:\/\/ktsl888.com\/2019\/03\/12\/is-tron-trx-steadying-because-of-chainlink-partnership-rumors\/\" target=\"_blank\" rel=\"noopener noreferrer \">ChainLink<\/a>, their goal is to &#8220;provides reliable tamper-proof inputs and outputs for complex smart contracts on any blockchain.&#8221; In essence, ChainLink&#8217;s role is to feed blockchains &#8220;with real-world data, events, and payments.&#8221;<\/p>\n<p>Through APIs, smart contracts, which, as per definition executes without external intervention, will be up-to-date because of ChainLink&#8217;s oracles.\u00a0 Therefore, <a href=\"https:\/\/ktsl888.com\/2018\/07\/24\/google-turns-to-cloud-based-platform-for-blockchain-applications\/\" target=\"_blank\" rel=\"noopener noreferrer \">Google Cloud<\/a> is sensing an opportunity. After experimenting and linking ChainLink with BigQuery, Allen Day, a senior developer advocate, through a blog post, concludes, <a href=\"https:\/\/cloud.google.com\/blog\/products\/data-analytics\/building-hybrid-blockchain-cloud-applications-with-ethereum-and-google-cloud\" rel=\"nofollow\">saying<\/a>:<\/p>\n<blockquote><p>&#8220;We&#8217;ve demonstrated how to use ChainLink services to provide data from the BigQuery crypto public datasets on-chain. This technique can be used to reduce inefficiencies (submarine sends use case) and in some cases add entirely new capabilities (hedging use case) to Ethereum smart contracts, enabling new on-chain business models to emerge (prediction markets use case).&#8221;<\/p><\/blockquote>\n<h3>Candlestick Arrangement<\/h3>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-386164\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/06\/ChainLink-Daily-Chart-June-14.png?resize=1280%2C1024\" alt=\"ChainLink Link\" width=\"1280\" height=\"1024\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/06\/ChainLink-Daily-Chart-June-14.png?w=1280 1280w, https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/06\/ChainLink-Daily-Chart-June-14.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/06\/ChainLink-Daily-Chart-June-14.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/06\/ChainLink-Daily-Chart-June-14.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/06\/ChainLink-Daily-Chart-June-14.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/06\/ChainLink-Daily-Chart-June-14.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/p>\n<p>It couldn&#8217;t get better for Link bulls. Bottoming and syncing with Ethereum (ETH) price action, Link is up 38.4 percent from last week&#8217;s close. However, in light with fundamental factors \u2014 while also complementing technical candlestick arrangements \u2014 Link can quickly expand.<\/p>\n<p>Notice that Link is trading within a bullish breakout pattern. Since the path of least resistance is to the north, the reversal from the 61.8 percent Fibonacci retracement could be the fuel that will drive Link to $3.2. That&#8217;s a feasible bull target as per Fibonacci extension rules based on May trade range.<\/p>\n<h2>Technical Indicator<\/h2>\n<p>Remarkably, the break above May high at $1.5 is with high trading volumes of 1.3 million against 360k. As a result, every dip is another buying opportunity for traders aiming at $2.6 and later $3.2 as aforementioned. Accompanying this revival should be high participation, preferably exceeding averages of 360k or even 1.3 million of June 13th.<\/p>\n<pre><a href=\"https:\/\/www.tradingview.com\/\" rel=\"nofollow\"><strong><em>Chart<\/em><\/strong><\/a><strong><em> courtesy of Trading View. Image Courtesy of Shutterstock<\/em><\/strong><\/pre>\n","protected":false},"excerpt":{"rendered":"<p>Link prices surge, up 38.4 percent The involvement of Google may cement ChainLink&#8217;s position Google&#8217;s interest is enough to propel Link&#8217;s prices to new highs. Consequently, ChainLink may end up dominating the Oracle market. Thanks to yesterday&#8217;s announcement, Link is up 38.4 percent. However, this appears to be the early stages of a possible mega rally. ChainLink (Link) Price Analysis Fundamentals Mystic as they sound, so-called &#8220;Oracles&#8221; will revolutionize cryptocurrency and blockchain. The critical role of these connectors cannot be understated. While listing down potential game changers in the Ethereum blockchain, he confidently mentioned the Prediction markets. Heavily reliant on smart contracts, the prediction markets, a burgeoning industry, will be limited if there are no trusted oracles. These bridges, in blockchain terms, process and translate outside information and link them with fragmented blockchains. With ChainLink, their goal is to &#8220;provides reliable tamper-proof inputs and outputs for complex smart contracts on any blockchain.&#8221; In essence, ChainLink&#8217;s role is to feed blockchains &#8220;with real-world data, events, and payments.&#8221; Through APIs, smart contracts, which, as per definition executes without external intervention, will be up-to-date because of ChainLink&#8217;s oracles.\u00a0 Therefore, Google Cloud is sensing an opportunity. After experimenting and linking ChainLink with BigQuery, Allen Day, a senior developer advocate, through a blog post, concludes, saying: &#8220;We&#8217;ve demonstrated how to use ChainLink services to provide data from the BigQuery crypto public datasets on-chain. This technique can be used to reduce inefficiencies (submarine sends use case) and in some cases add entirely new capabilities (hedging use case) to Ethereum smart contracts, enabling new on-chain business models to emerge (prediction markets use case).&#8221; Candlestick Arrangement It couldn&#8217;t get better for Link bulls. Bottoming and syncing with Ethereum (ETH) price action, Link is up 38.4 percent from last week&#8217;s close. However, in light with fundamental factors \u2014 while also complementing technical candlestick arrangements \u2014 Link can quickly expand. Notice that Link is trading within a bullish breakout pattern. Since the path of least resistance is to the north, the reversal from the 61.8 percent Fibonacci retracement could be the fuel that will drive Link to $3.2. That&#8217;s a feasible bull target as per Fibonacci extension rules based on May trade range. Technical Indicator Remarkably, the break above May high at $1.5 is with high trading volumes of 1.3 million against 360k. As a result, every dip is another buying opportunity for traders aiming at $2.6 and later $3.2 as aforementioned. Accompanying this revival should be high participation, preferably exceeding averages of 360k or even 1.3 million of June 13th. Chart courtesy of Trading View. Image Courtesy of Shutterstock<\/p>\n","protected":false},"author":384,"featured_media":347591,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[16295,2219,16097],"class_list":["post-386162","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-chainlink","tag-google","tag-link"],"acf":[],"yoast_head":"\n<title>ChainLink-Google Deal Is An Approval, A Link Mega Rally in Waiting?<\/title>\n<meta name=\"description\" content=\"Perhaps to emphasis Vitalik&#039;s point, Google Cloud integration with ChainLink will draw interest. 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With shifting sentiment, Link could rally to new highs.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ktsl888.com\/news\/chainlink-google-deal-is-an-approval-a-link-mega-rally-in-waiting\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2019-06-14T17:00:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T17:17:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2018\/08\/techanalysis-alts2.jpg?fit=1200%2C600\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Dalmas Ngetich\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Dalmas_Ngetich\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Dalmas Ngetich\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/ktsl888.com\/news\/chainlink-google-deal-is-an-approval-a-link-mega-rally-in-waiting\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/news\/chainlink-google-deal-is-an-approval-a-link-mega-rally-in-waiting\/\"},\"author\":{\"name\":\"Dalmas Ngetich\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/08a2c46e8c02b51b9464d6e0bf2b1586\"},\"headline\":\"ChainLink-Google Deal Is An Approval, Will the Ethereum Token Rally?\",\"datePublished\":\"2019-06-14T17:00:47+00:00\",\"dateModified\":\"2024-06-11T17:17:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ktsl888.com\/news\/chainlink-google-deal-is-an-approval-a-link-mega-rally-in-waiting\/\"},\"wordCount\":429,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/news\/chainlink-google-deal-is-an-approval-a-link-mega-rally-in-waiting\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2018\/08\/techanalysis-alts2.jpg?fit=1200%2C600\",\"keywords\":[\"chainlink\",\"google\",\"Link\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ktsl888.com\/news\/chainlink-google-deal-is-an-approval-a-link-mega-rally-in-waiting\/#respond\"]}],\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ktsl888.com\/news\/chainlink-google-deal-is-an-approval-a-link-mega-rally-in-waiting\/\",\"url\":\"https:\/\/ktsl888.com\/news\/chainlink-google-deal-is-an-approval-a-link-mega-rally-in-waiting\/\",\"name\":\"ChainLink-Google Deal Is An Approval, A Link Mega Rally in Waiting?\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/ktsl888.com\/news\/chainlink-google-deal-is-an-approval-a-link-mega-rally-in-waiting\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/news\/chainlink-google-deal-is-an-approval-a-link-mega-rally-in-waiting\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2018\/08\/techanalysis-alts2.jpg?fit=1200%2C600\",\"datePublished\":\"2019-06-14T17:00:47+00:00\",\"dateModified\":\"2024-06-11T17:17:13+00:00\",\"description\":\"Perhaps to emphasis Vitalik's point, Google Cloud integration with ChainLink will draw interest. 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