LINK becomes the 15th largest cryptocurrency almost overnight.
LINK is doing great, in spite of the bearish market. During the last few days, it has been growing at lightning speed. It jumped from $1.60 to $2.40, and the rally has not stopped just yet.
Its growth is most probably explained by Chainlink’s recent partnership. Thus, on Monday, its official channel announced on Twitter about the creation of a new TCF. The tweet reads, “Along with @Intel, @Hyperledger, @EntEthAlliance & others, we’re excited to present a new Trusted Computation Framework that leverages public blockchains, ChainLink oracles & trusted computing to drive enterprise blockchain adoption.”
Along with @Intel, @Hyperledger, @EntEthAlliance & others, we're excited to present a new Trusted Computation Framework that leverages public blockchains, Chainlink oracles & trusted computing to drive enterprise blockchain adoption. https://t.co/BSGGZJJfwu
— Chainlink – Official Channel (@chainlink) October 7, 2019
The main aim of the TCF is to reduce the problems of scalability and privacy. It provides a safe surrounding where parties can enter into various contracts where all details are entirely confidential.
Michael J Reed, a senior director of Intel’s Blockchain Program Office, writes “the Trusted Compute Framework (TCF) can help blockchain developers deliver the next wave of confidential computing applications. With TCF, developers can utilize Intel® Software Guard Extensions (Intel® SGX) to access off-chain transaction resources and deliver confidential loan systems, trusted tokens, attested oracles, and more.”
Is LINK rally temporarily or will it sustain?
At the time of writing LINK continues to surge. Users on Twitter believe it has all the chances to reach $3 in a few days’ time. It is undeniably a fantastic performance.
Twitter is full of positive posts about the growing interest of tech companies toward ChainLink.
According to the latest data from Coingecko.com, ChainLink (LINK) price (press-time) is $2.29 with a 24-hour trading volume of $168,759,857. The price is up in the last 24 hours.
So it really looks like the LINK season is approaching.
Previously, Altcoin Buzz reported about ChainLink’s price surge following its listing on Coinbase.