Chainlink’s Hackathon offers $125K in bounties, LINK going to $100?

Chainlink’s Hackathon offers $125K in bounties, LINK going to $100?

With a start date of March 15th, The Spring 2021 Chainlink Virtual Hackathon records more than 3,500 participants. According to an official post, the participants are “building the next generation of smart contracts”.

The event will end on April 11th. However, those who wish to claim the $125,000 will have until today to register and qualified for the $125,000 bounties. The post claims:

The three-week event is an opportunity for developers throughout the Chainlink ecosystem to connect, collaborate, build and showcase innovations in DeFi, NFTs, gaming and universally connected smart contracts using Chainlink’s blockchain-agnostic oracle network and leading web3 technologies.

The prizes will be divided into $3,000 NFT and gaming, a $5,000 award for “social impact”. The latter has been made possible with a parentship with UNESCO Global Education Coalition. And a Chainlink grant that will go to the project accomplishes the following:

(…) the hackathon project that integrates Chainlink with the highest potential to deliver meaningful social impact in education.

At the event, there are projects like “dynamic NFTs powered by Chainlink VRF that incentivize and gamify education to reduce school dropout rates and support lifelong learning”. This could become the next step for this technology, according to Mickey Graham, Head of Growth at Chainlink Labs, so that NFT can be able to interact with oracles. Graham said:

Over time, I believe we’ll see NFTs evolve and transition into more dynamic assets, where external data and events that happen off-chain power upgrades or changes in NFTs.A great example of this, and one we’d love to see built during the Spring 2021 Hackathon, would be an NFT-powered learning badge for a skills-based course that is upgraded or powered up as off-chain modules are completed and recorded on-chain.

Is LINK going to a $100?

LINK is currently trading at $27,93 with 0.1% gains in the 24-hour chart. In the past weeks, LINK records 2.4% gains and 6.2% in the past month.

Chainlink LINK
LINK showing small gains in the 24-hour chart. Source: LINKUSDT Tradingview

Highly bullish on LINK’s performance, trader Michaël van de Popper predicts a possible bull-run towards $100. Claiming LINK’s price is close to “bottoming out”, he recommended investors keep an eye on the $19,5 to $20,75.

The trader considers the above range to be acting as support and could be a good opportunity for investors looking for a good entry into the cryptocurrency if it retraces to those levels. The trader also set $34 as LINK’s next target before going towards a new all-time high.

Published at Tue, 30 Mar 2021 21:07:34 +0000

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