ChainLink (LINK) has jumped more than 15% on news that Huobi Global would support the asset.
Huobi Global added WAVES and LINK pairs with USDT at 10:00 UTC on Tuesday, saying the two coins meet its Tether listing standards. The exchange did not provide additional information about the rules included in those standards.
LINK climbed from $0.231 five minutes or so before getting listed on Huobi’s international USDT market to nearly $0.237 about half an hour later. At 11:17 UTC, LINK was traded at $0.238, a 13.22% rise compared to the previous day. Although the current LINK price momentum is on the bullish side of the spectrum, there isn’t that much volume to make a real impact. As such, there is a genuine chance this price increase will peter out a lot quicker than speculators might expect.
In addition, recent news from the grapevine suggests that the duo of ETHA and LINK are striking a very solid partnership that will result in the provision of a decentralized oracle solution.
— Chainlink – Official Channel (@chainlink) December 7, 2018
There have been ongoing efforts by active players and actors in the cryptocurrency market to bring about massive adoption and increased interest in the system.
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If readers are unfamiliar, LINK is a project aiming to provide oracles – data sources for smart contracts, with the attempt to create meaningful automation and a connection to real-world business concerns. The crypto community has taken notice of the project’s attempt to secure more partnerships that have made ChainLink a pivotal part of the ecosystem.
According to the company:
LINK is a decentralized oracle network that enables smart contracts to securely access off-chain data feeds, web APIs, and traditional bank payments. Chainlink is consistently selected as one of the top blockchain technologies by leading independent research firms such as Gartner