Nick Chong · 3 days ago · 2 min read · Insights via Grayscale Investments
Chainlink › Analysis
Chainlink garners coveted Gemini listing following glowing praise from Winklevoss
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Chainlink has gained major support from cryptocurrency investors throughout 2019 and 2020 — a trend that is reflected in its massive community growth and exponential price rise.
This growth has attracted the attention of some prominent figures within the crypto industry, including Gemini co-founder and CEO Tyler Winklevoss, who recently stated that he “appreciates the passion” of the Chainlink community.
Just nine days after he sang praise for LINK, he is now announcing that the cryptocurrency will soon be available for trading on the Gemini exchange — a notable new listing that could bolster investor’s accessibility to the crypto.
Chainlink sees massive community growth amidst a parabolic price trend
Chainlink is one of the few cryptocurrencies that has been able to reach fresh all-time highs this year, which were set when its price reached highs of nearly $5.00 in early-March.
Despite its insane rise from January lows of $2.44, LINK was not able to avoid the impacts of the market-wide selloff in mid-March that sent the crypto reeling to lows of $1.63. In the time since it has recovered much of these losses and is currently trading at $3.82.
One result of this bull-favoring price action has been unprecedented community growth.
As reported by CryptoSlate previously, data from the research platform IntoTheBlock elucidates that the crypto has been seeing massive community growth across multiple social media platforms in recent times.
It has also seen a sharp rise in the number of contributions on its GitHub — a sign of an active and engaged community.
This led the Gemini CEO to praise Chainlink’s community, explaining that their fervor reminds him of early Bitcoin and Ethereum communities.
“I really appreciate the passion of the LINK Marines. Their fervor and dedication reminds 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.”
LINK Garners Elusive Gemini Listing
Earlier today, less than two weeks after these comments were made, Winklevoss announced that Chainlink can now be deposited on Gemini and that trading will follow shortly.
“Calling all LINK Marines. The day has come. You can now deposit your [Chainlink] on Gemini. Trading to follow shortly.”
LINK will now join the five other digital assets that are currently available to traders on the platform, and will offer users with another way to buy, sell, and trade Chainlink on a regulated and insured medium.