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Home Cryptocurrency news

Chainlink Cryptocurrency Recognized By World Economic Forum As 2020 Technology Pioneer

Tony Spilotro by Tony Spilotro
9 months ago
in Cryptocurrency news
Reading Time: 2min 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.

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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.

Tags: chainlinkcryptoLinkLINKBTCLINKUSDworld economic forum
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Tony Spilotro

Tony Spilotro

I'm Tony Spilotro. Behind the pseudonym, I'm a digital media executive and global remote work leader with a decade of content experience and excellent. Here, I explore my newfound passions pertaining to privacy, finance, economics, politics, cryptography, property rights, and other libertarian-esque views. I am a Bitcoin evangelist, maximalist, and educator whenever I can be, helping to spread its message of freedom from government control, monetary policy mismanagement, and passing the buck - literally – to future generations. My journey from a curious retail crypto investor to a serious Bitcoin advocate, trader, and technical analyst is an unusual one, but life-changing nonetheless and has become less about money and more about a long-overdue revolution. While a firm believer in the laws governing math and science, I am profoundly fascinated by the impact of astrology and astronomy including moon and solar cycles and planetary alignment and their ability to influence and potentially predict markets. It hasn't yet clicked for me as to how to put anything to use, but I consider it my current rabbit hole I can't yet dig out of. My perspective of growing up alongside the internet, the dot com era, the Great Recession, and roots in video games collecting coins and rare items caused Bitcoin to immediately make sense to me. Through all of these lenses, I seek to produce content that is educational and entertaining, and I thank you sincerely for taking the time to read what I have to say. Please follow me on Twitter and feel free to drop me a line if you would like to work together.

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