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Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30
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Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30

Chainlink Cryptocurrency Recognized By World Economic Forum As 2020 Technology Pioneer

Tony "The Bull" Severino
Tony "The Bull" Severino
5 years ago
2 mins read
chainlink cryptocurrency technology economic forum

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The cryptocurrency market’s hottest altcoin, Chainlink, has easily beaten all expectations and has risen to become one of the biggest success stories in the crypto space since the bubble popped.

That success story is ready for its next chapter, as not only has the asset kept its bullish momentum alive, the crypto asset has also been honored by the World Economic Forum as a 2020 “Technology Pioneer.”

Chainlink Mentioned Among Other ‘Potential Game Changers’ in List of Technology Pioneers

The asset class of cryptocurrencies is an emerging technology that has shown nearly endless possibilities and limitless promise.

Bitcoin has the potential to unseat the dollar as the global reserve currency, while Ethereum aims to be the backbone of Wall Street and other new methods of finance. XRP looks to replace SWIFT as the primary cross-border payment technology found across most banking services.

Related Reading | Poll Shows Crypto Investors Expect ChainLink To Be Top Performing Altcoin in 2020

Chainlink, however, is a decentralized oracle network for data. The asset’s amazing promise has caught the attention of Google in the past, and now the World Economic Forum has included the cryptocurrency as part of its Technology Pioneer 2020 nominations.

Each year, the World Economic Forum highlights some of the most promising tech startups and their products, networks, and services. This year, Chainlink was honored as one of 100 unique technology firms.

Susan Nesbitt, Head of the Global Innovators Community for the World Economic Forum, called these 100 companies, “potential game-changers.”

World Economic Forum Nod Adds Momentum to Cryptocurrency’s Uptrend

Chainlink has already changed the game when it comes to cryptocurrency performance over the last two years of a bear market.

While most other altcoins and cryptocurrencies were bleeding out, setting new low after low, Chainlink was busy setting a new all-time high record.

The seemingly unstoppable cryptocurrency altcoin was the very best performer in the industry in 2019, and 2020 has been nearly as strong.

While Bitcoin struggled to break to hold above $10,000 in March, just ahead of the Black Thursday collapse, Chainlink had broken its previous record.

Related Reading | Why the Crypto Market’s Hottest Altcoin Chainlink May Lose its Momentum

It’s only recently that the asset’s parabola looked to be coming to an end. However, with this latest nod from the World Economic Forum, there very well could be more fuel left in Chainlink’s unstoppable rocketship.

LINKUSD is already up over 2.5% intraday on the news, and the altcoin is up nearly 2% on the LINKBTC pair.

Analysts had called for potential distribution in the altcoin cryptocurrency, however, any price action could quickly turn into reaccumulation before another major move up, driven in part by this latest news and the long-term promise the project so clearly shows.

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Tony "The Bull" Severino
Tony "The Bull" Severino

Tony "The Bull" Severino

Tony "The Bull" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market.
A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony’s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements.

Read more

Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions.

In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony’s expertise to guide their trading strategies.

Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies.

Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders.
His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics.

Tony’s nickname, "The Bull," aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice.

In summary, Tony "The Bull" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

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Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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