Although Chainlink has taken a backseat to other coins like Solana, Polkadot, or Cardano in recent weeks, the altcoin has remained the top-performing cryptocurrency for the past several years since its debut. It has made more crypto investors, and traders wealthy in that timeframe than even Bitcoin or Ethereum has.
Such a time may soon come again, with the altcoin’s official debut on the award-winning PrimeXBT. With a new wave of traders ready to go long or short on the LINKUSD trading pair, anything is now possible.
Here is more on the latest listings on PrimeXBT, which includes seven total altcoins in one of the most extensive listings the platform has had since its inception. We’ll also break down further why Chainlink could be ready for a second wind.
PrimeXBT Announces Seven New Altcoin Assets
This week, PrimeXBT announced new asset listings, including well-known crypto tokens Cardano, Polkadot, Uniswap, Dogecoin, XRP, Solana, and Chainlink. In total, ten new trading pairs were released to the masses of traders that call the advanced trading platform home.
Unlike what is already available across the crypto space, PrimeXBT offers tools for both professionals and novices alike that anyone can use to their advantage. There are long and short positions, advanced order types, built-in technical analysis software, the Covesting copy trading module, and so much more.
Other competitive advantages offered at PrimeXBT include 24/7 live customer support, personalized service with dedicated account managers, the ability to access both traditional and crypto markets from a single account, the highest level of asset protection, a free smartphone app, and more. The company and its partner Covesting are always innovating and releasing product updates and new services.
These altcoins are available for margin trading at up to 1:20 leverage using BTC, ETH, USDC, or USDT-based margin accounts. Covesting strategy managers can access the same altcoins but with up to 1:10 leverage. A company blog post provides more information and details.
Why Chainlink Could Be The Most Important Coin Of The Listing
Although Chainlink is among the newly listed assets, which include some of the most respected assets around, it is Chainlink itself that carries the most clout. And while other coins from the list are making new all-time highs currently, Chainlink is back in accumulation mode after setting such highs ahead of the rest of the market.
As a market leader, when the trend fully recovers, few coins will benefit as much as LINK. The reason being is that the blockchain protocol is also a leader in its category. The decentralized oracle network provides tamper-proof data to support smart contracts on any blockchain.
Cryptographic proofs ensure data is highly accurate and greatly expands the capabilities of smart contracts. Such tamper-proof data prevents market manipulation and other discrepancies that could harm investors.
Chainlink Price Feeds, for example, feed DeFi protocols with high-quality on-chain data to ensure the most accurate pricing for cross-chain collateral and other solutions. Chainlink Proof of Reserve feeds let developers and users alike confirm that the backed assets they are considering are correctly backed by the collateral they say they are.
This incredible technology was recognized as a Technology Pioneer in 2020 by the World Economic Forum.
Trade LINK, DOT, SOL, ADA, And More With PrimeXBT
From Chainlink’s bear market bottom to its all-time high, the cryptocurrency rallied more than 30,000%. After a slight retracement with the rest of the crypto market, Chainlink is back to a 17,000% ROI. Will Chainlink recover the lost ground and then some? Or has a bear market begun, and LINK will soon fall further?
With PrimeXBT’s long and short positions, direction matters little compared to overall volatility, making the rollercoaster ride of Chainlink a potentially profitable play. With the asset listed alongside DOT, DOGE, ADA, UNI, XRP, SOL, and other crypto and traditional assets, traders now can build an even deeper portfolio using PrimeXBT.
The latest listing is part of a string of positive news coming out of the company, from Covesting strategy managers making their followers more than a million dollars in just weeks, to a complete platform upgrade. With new assets at their disposal, strategy managers have even more chances to make such dreams come true.
As part of the continuous roadmap of innovation, the next major update will be the Covesting Yield Account system offering an unprecedented APY on idle crypto assets. The new tool is coming in only “several weeks” at this point and we can’t wait to see what comes next.