Polkadot Developers Gains Access to Chainlink Oracle Through Moonbeam Integration

Thanks to the latest integration of Chainlink oracle into the Moonbeam smart contract platform, developers in the broader Polkadot ecosystem can now access reliable price feeds as they seek to build functional DApps

Timeline of Polkadot-new, Moonbeam, Chainlink

As other altcoins suffered severe decimation to their prices during intraday trading on 14 June Polkadot's native token, DOT, saw some relief. The token recorded an uptick in price which was lost by the end of the day.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice.LINK After sailing within the bounds of a side-channel for nearly three weeks, Chainlink's [LINK] breakout was quick to register an up-channel (yellow) breakdown. This fall pierced through some critical price levels and found fresher

Amid a wider cryptocurrency market turbulence with an impact of Bitcoin's ongoing freefall, a few altcoins are still holding strong. From hovering around the $31,000 zone just last week, Bitcoin fell to a low of $21,329.

Chainlink (LINK) has created a double bottom pattern close to its May 12 lows, but its inability to initiate a bounce has nearly invalidated the pattern. The post Chainlink (LINK) Creates Double Bottom After 89% Drop Since All-Time High appeared first on BeInCrypto.

Polkadot price analysis reveals a relatively bearish approach today; the price has lost some of its value. In the last few days, the price of DOT has received much negative attention and has decreased to a significant degree.

Chainlink price analysis indicates that bulls are in control of the LINK/USD market as prices surged to $7.50. The upsurge resulted from an increase in buying pressure after a period of consolidation below $6.5.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Like most coins, Polkadot [DOT] has been on a persistent decline over the last few months.

On June 10th, the LINK price reverted from the wedge pattern's resistance trendline, triggering the next bear cycle within the pattern. The V-top reversal slumped the altcoin by 40%, hitting the last lower low support of $5.64.

Polkadot price analysis remains heavily dominated by bears, as price lowered more than 4 percent today to move as low as $6.73. DOT has been subject to a severe downtrend along with the larger cryptocurrency market, shipping more than 25 percent in price since June 7, 2022.

From a developmental point of view, this past week was a great week for the Chainlink Blockchain. On 7 June, the Network published a roadmap and initial implementation of staking within the Chainlink network which “is to give ecosystem participants, including node operators and community members, the ability to increase the security guarantees and user