In a new interview, Google CEO Eric Schmidt shared which altcoin projects will lead the Web3 market to go mainstream.
Eric Schmidt sees the future of Web3 in this altcoin project
Chainlink co-founder Sergey Nazarov recently spoke to former Google CEO Eric Schmidt. The two discussed how Chainlink established itself as a Web3 computing and trust services platform. Schmidt says he is skeptical of the idea behind Web3. But he said he was convinced of Nazarov’s “crazy idea” about the Web3 domain.
Schmidt says Web3 firms are unlikely to take over Amazon, Google, and other tech firms. But he explained that there may be situations where the insecurity that Web3 provides is not necessary. Instead, it will be possible to achieve decentralization through centralization.
LINK jumps to $8
Over the weekend, oracle provider Chainlink’s native token LINK rose to $8. The price increase came after a major whale activity was confirmed by Santiment, which we quoted as Kriptokoin.com. Santiment data revealed that LINK’s whale transactions hit a 4-month high last weekend:
There are 33 separate LINK transactions, each worth over $1 million. Also, this token has recorded the highest whale activity in 24 hours since June 27. Crypto investors started paying attention to LINK back in September.
Whales’ appetite to buy LINK rose again in October, according to the data. Currently, LINK’s current $8 price represents a strong resistance zone. The sooner LINK breaks out of this strong resistance, the faster it will start a strong uptrend. It spent the last few months in the $6-$8 region before stabilizing in this region. Last week, popular crypto exchange Binance launched its first oracle network. Thus, it became one of Chainlink’s new competitors. Meanwhile, Chainlink also made an update regarding the integrations on the platform.
Chainlink news that should not be missed
According to the update on Twitter, 15 integrations of 3 Chainlink services across five different Blockchains took place last week. These networks are Polygon, Ethereum, Arbitrum, Bnbchain and Avalanche. The update also reminded LINK owners of the platform’s staking offer. Interested LINK holders can check their eligibility and participate in Chainlink staking v0.1.
Altcoins experienced a strong rise last week. Leading meme coins DOGE and SHIB have made huge gains. However, DOGE’s price has rallied more than 10% additionally since then. It is currently trading at $0.127 according to the latest data. It should be noted that it has rallied over 150% since last week.
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