Chainlink (LINK)
$8.85 (-0.56 %) View coin |
Band Protocol (BAND)
$5.90 (-3.50 %) View coin
06 August 2020

Oracle coins among the top performing cryptoassets in 2020

The oracle problem is one of the most well known problems in crypto. How do blockchains bridge the gap between the on and off-chain worlds? In theory oracles will occupy a critical role in sending and receiving data between smart contracts and the real world. However, while the need is clear, the addressable market while presumably large is nebulous. Nevertheless, the idea has been enough to launch oracle tokens to some of the highest market caps of any cryptoassets. Oracle coins are among the top performing assets in crypto in 2020.

Many oracle tokens appear to be anchored to the price of Chainlink as a comp, which is worth multiples of its competitors. The relative valuation comparison alone has been enough to drive oracle tokens up thousands of percentage points year-to-date. While none have quite developed the fervent community Chainlink has, many like Band Protocol have employed Chainlink’s strategy of announcing a ton of project integrations and partnerships, and they’ve been rewarded for doing so. Are the long-tail of oracle tokens some of the most compelling relative value plays in crypto or is the entire section dramatically overvalued?

With the markets running hot, crypto exchange listings have seemingly become a catalyst for price movements. It’s almost 2017 all over again. The trend is readily apparent when looking at Coinbase’s most recent additions. Nearly every new listing has seen a substantial boost in price on the day Coi...
CoinMarketCap has launched an educational program very similar to Coinbase Earn. The campaign will last for eight days, with $160,000 worth of BAND tokens evenly distributed to each eligible qualified user who successfully completes the quiz after watching a short series of engaging and educational ...
13 August 2020
The Current State of YAM
Three days after the launch of YAM, a bug in the rebasing contract has minted far more YAM than intended and has permanently disrupted the governance module. This bug flooded the protocol reserve during the second scheduled rebase, and given Yam’s governance model, it has made it impossible to reach...

3 coins to keep an eye on 👀