Gemini CEO praises Chainlink, announces support for the project

on Apr 25, 2020
Updated: Apr 28, 2020
  • Tyler Winklevoss, one of the Winklevoss twins, recently praised Chainlink for its passionate community.
  • Only nine days after that, Winklevoss announced support for LINK on his crypto exchange, Gemini.
  • Meanwhile, LINK, the 11th largest crypto, is still recovering from the March crash.

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Chainlink (LINK) stands as the 11th largest cryptocurrency by market cap. The project got to rank this high thanks to major amounts of support from investors in 2019 and 2020. This surge of popularity is also clear by the amount of community growth, as well as its own price increase.

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However, the project did not stop at attracting regular investors. Instead, it also caught the eye of some of the major names in the crypto industry. One of them is Tyler Winklevoss, one of the Winklevoss twins, and the co-founder and CEO of their crypto exchange, Gemini.

Winklevoss gave an unexpected boost to LINK only a little more than a week ago. “I really appreciate the passion of the LINK Marines,” he said. “Their fervor and dedication remind me of the early Bitcoin and Ethereum communities. Unlike many other crypto armies, they are dedicated to a project that has real promise and technical merit.

Now, nine days after making this statement, Winklevoss also announced that LINK trading will soon become available on Gemini.

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LINK is not a particularly old project, but it can’t be considered a new one, either. It saw launch in 2017, as the crypto industry started to surge. However, the coin’s true growth started only about a year ago, in April 2019.

It saw several major surges since then, and it even managed to hit a new ATH in 2020. This is certainly a rare thing, considering the problems and difficulties that this year has brought so far.

Unfortunately, when the coronavirus-caused fears kicked off a mass selloff in mid-March, LINK was also affected. The coin’s price in January sat at $2,44, and then it increased to a new ATH at $4.77. After that, it dropped to $1.63 in mid-March, as Bitcoin led the crash by losing over 50% of its price.

The coin started recovering in April, however, and it currently sits at $3.83. In the last few days, it made several attempts at breaching a resistance at $4, although unsuccessfully up until now.

Even so, its community remains active, invested, and engaged. This is clear by the sharp rise in the number of contributions on GitHub, as well as social media activity. This is what caused Tyler Winklevoss to praise the project, and eventually list it on Gemini. So, in the end, LINK’s passionate community is what secured its success.