Decentralized Oracle, important connecting point of Multiple datasets.
"ChainLink": DeOrac Network
FUNDAMENTAL ANALYSIS:
Founded:2017
Chainlink is a blockchain abstraction layer that enables universally connected smart contracts.
Securely interact with external data feeds.
Chainlink networks is driven by a large open-source community of data provider,node operators,smart contract developers etc..,
Its is first network to allow the integration of off-chain data into smart contracts.
Chainlink network is a Proof-of-stake consensu mechanism.
NEWS:
ANZ bank (australia second largest multinational bank) successfully demonstrated cross-chain tokenized asset settlement with chainlink CCIP.
TECHNICAL ANALYSIS:
Currently $LINK is in range bound manner, trading between $8.432 - $5.529
Huge buying and selling happens between this region.
Strong fall will expect when it breaks and closed below $5.529.
Strong buying pressure is expected when it closs and cross above $8.432.
