Gemini, a cryptocurrency exchange established in 2014 by the popular Winklevoss twins, has some hours ago announced that it will be listing Chainlink (LINK) and two other digital tokens.
This new development is meant to complement the upcoming support for Basic Attention Token (BAT), which was made public on 6th April 2020.
According to the report, Gemini will be listing Chainlink (LINK), Dai (DAI), and Orchid (OXT) on 14th April. The cryptocurrency exchange also stated that deposits for LINK, DAI, and OXT will be opened on 24th April 2020, at 13:30 UTC, stating that trading of the digital assets will subsequently follow.
The recent additions now bring the total number of supported digital currencies to nine, these are Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) Litecoin (LTC) Zcash (ZEC), Chainlink (LINK), Dai, and Orchid (OXT)
The crypto exchange will offer nine trading pairs for LINK, DAI, and OXT. These can be found below:
Crypto Michael’s Chainlink (LINK) Price Analysis
Crypto Michael, a popular cryptocurrency analyst that mostly base his price predictions on short term trend of any chosen digital token, has recently shared his opinion on the possible trend to expect for Chainlink (LINK) in the market.
“Reaction to the monthly level here as we reject. The red zone around $2.90 would be interesting for scalp longs, otherwise, I’d target $2.20 back again. Bouncing back up to $3.40-3.50 is potentially short areas if we get bearish divergences,” Crypto Michael shared.
Reaction to the monthly level here as we reject.
The red zone around $2.90 would be interesting for scalp longs, otherwise, I'd target $2.20 back again.
Bouncing back up to $3.40-3.50 is potentially short areas if we get bearish divergences. pic.twitter.com/d0zH5bubMT
— Crypto Michaël (@CryptoMichNL) April 9, 2020
Chainlink (LINK) Price Spikes
Chainlink (LINK) now occupies 11th position in the crypto market. The digital currency has been the best performer among the top 20 cryptocurrencies over the past hours.
The significant price growth of LINK at this time is least expected, due to the price reluctance of top digital currencies, such as Bitcoin (BTC) that is generally believed to have great influence over the price trend of all digital tokens.
However, the recent price spike of LINK could be attributed to Gemini’s move to list the cryptocurrency. At the time of filing this report, LINK is trading at $3.39, with a relatively 17% price upsurge in the last 24 hours.