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March 3, 2021
Comments Off on BlockFi starts accepting Chainlink deposits
Chainlink recently revealed in one of its tweets that from 2nd March, LINK HOLDERS can earn up to 5.5% APY in Link tokens. BlockFi which is one of the biggest crypto lenders in the market is all set to accept ChainLink deposits. Here you get link tokens as interest. 
In a recent report, Goldman Sachs revealed that bitcoin is a very speculative market. They also said bitcoin should not be an asset.
In a recent report, Goldman Sachs revealed that bitcoin is a very speculative market. They also said bitcoin should not be an asset.Currently, there are around 5000+ cryptocurrencies floating in this highly volatile market. Where investors mostly pick fast-moving tokens to earn quick bucks.
What is BlockFi?
Due to the increasing demand for cryptocurrencies. There were many people who started investing in major Crypto coins. BlockFi incorporated in 2017, is a crypto lending market. Here you can store your cryptocurrencies. In addition, you get interest for that. With an APY of up to 8% for stable coins. And somewhere around 5-6% for BTC, BlockFi offers many good deals for holders. BlockFi is the leading lending operator in the market. It has paid close to $20 Million in interest to depositors.
More about ChainLink
At times where bitcoin is growing as the number one investment of the generation. There is another altcoin proving to be worth its money. The name of this coin is “ChainLink.” In this bull run, alone chainlink has almost doubled in value making it one of the most valued crypto assets. According to various reports, the current valuation of this coin is around $3.8 Billion.
A link has already become a De-Facto Choice for many Defi platforms. As they use it for outsourcing their data feed. The total market cap of LINK is more than that of the total funds of users across other Defi platforms.
Who Are Chainlink Marines?
As you already know cryptocurrencies operate only on the base of the community. If a currency has a strong community that is ready to back its motive, then it can do wonders. Chainlink backers are not just mere supporters, you can call them devotees. People who are backing the LINK coin have named themselves “ChainLink Marines.” There are many such strong backers you will notice in most of the popular crypto space.
What is happening to Chainlink?
Recently, many exchanges have found that people are withdrawing Chainlink from their accounts. Due to which balances are declining day-by-day. In the crypto world, this serves as a valid sign of 
HODLing. When people are not interested in short-selling. They transfer their balances to a personal wallet.
HODLing. When people are not interested in short-selling. They transfer their balances to a personal wallet. This started in late May 2019, which continued till June 2020. After which Link crossed the $1 mark for the first time.
In another report, Glassnode reveals that LINK owned by the top Marines increased by almost 25% in 1 year. Where the transferring rate fell by almost 77%. Because LINK transfers are mostly of small sizes.
What’s more, Link Marines are sending funds to Chainlink smart contracts. These contracts run on top of their Oracle services. The in-bound of LINK into Smart contrast increased by 1.3% in this year alone.
