Tezos (XTZ) and Chainlink (LINK) Pumped During Market Dump: Is There Collaboration on the Horizon?
While still only speculation, at a time when the altcoin market is on a general downtrend, the two cryptocurrencies are performing better than expected. Their performance is so good; the market is beginning to question whether the two platforms are jointly working on something. Do they know something the community doesn’t?
— Tezos Linkster (@maserati_crypto) February 26, 2020
A Promising Partnership?
The two platforms may be working on a deal that would help increase their relevance in the blockchain ecosystem. Partnerships are a sure way of surviving current trends and preparing for future ones as well.
— YOUJUSTWIN.LINK (@YOUJUSTWIN1) February 26, 2020
Allegedly, the two companies are already in talks and will soon likely give communication on what they have been working on.
Now, Chainlink and Tezos both offer complementary services. Chainlink focuses on linking off-chain data to blockchains, whereas Tezos provides solutions to barriers that hinder the adoption of blockchain technology.
The partnership alluded to could take various forms, with the only constant factor being both platforms benefiting from their association.
Tezos could easily help Chainlink amplify their on-chain services while Chainlink works on improving or providing off-chain support for the Tezos platforms.
Further, both their cryptocurrencies are on an upward trajectory, and their partnership could result in an even stronger campaign in 2020.
Waiting for Market Stabilization?
If there is a collaboration , I hope they hold off on the news Until the market stabilizes to ensure maximum price spike. News now could have minor effect in current market conditions
— TY (@Yunkojr) February 26, 2020
According to Twitter user TY, the two platforms stand to make the most out of their announcement once the market has stabilized. Announcing their partnership while the market is still volatile may result in prices suffering the results of volatility. However, Link and XTZ have both shown that they do not depend on general market trends.
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Sal Miah is the senior editor at Blockspectator News and is a regular contributor to a variety of cryptocurrency news websites and projects. He has written hundreds of articles on numerous topics related to blockchain and also has a special interest in financial markets. Contact him directly at email@example.com