It is common to wonder how the best cryptocurrency positively impacts the industry. Given the variety of cryptocurrencies out there and being aware of the enormous potential that the cryptocurrency market has in the years to come.
With Chainlink (LINK) contributing to a global, decentralized oracle network spread across numerous computers, Rate This Crypto (RTC) has emerged with strong influence and attention, causing an impact on the crypto world, and investors are turning their eyes from other coins to RTC.
Could Rate That Crypto continue to affect the market positively as Chainlink (LINK)?
Let’s dive in and discuss.
Chainlink (LINK) the Golden Bridge Between the Decentralized Blockchain Networks and the Real World
Chainlink (LINK) is a decentralized oracle network that focuses on giving real-world information to blockchain-based smart contracts. It has its native token (LINK), which is extensively used to pay for network services.
Chainlink is a cryptocurrency platform that employs hybrid smart contracts to connect decentralized blockchain networks and off-chain data sources. The platform achieves this by building a decentralized network of oracles and digital sensors that track external data feeds such as weather reports, sports scores, and stock prices. This network of oracles gives higher data security than centralized oracle sources.
It is a decentralized network of nodes that transmit data and information from off-chain sources to on-chain smart contracts via Oracles. It is accomplished by registering the requested event and creating a corresponding smart contract using the Chainlink protocol.
Practically every crypto application requires data to function, but it must obtain it from a reliable source in a timely and cost-effective manner. Chainlink uses an interconnected Oracles network to deliver 60% to 90% of market data throughout DeFi.
Chainlink has a variety of crypto applications for price feed, random data generation, automation, and other services. This project has contributed to and positively affected the crypto market by being the golden bridge between decentralized blockchain networks and the real world.
Rate That Crypto (RTC) – the Best Game App to Determine Market Trends.
Rate That Crypto (RTC) is an amazing crypto game project with a mobile-first platform available on iOS and Android. This project aims to inform and educate millions through their mobile platform. Before the release of the token, there is an app that is undergoing beta testing.
The app’s idea is simple, interesting, engaging, and addictive. The player uses real-time price data over a selected time window to make a basic bullish or bearish forecast against their preferred crypto projects (which will soon include NFT projects).
Players fight to go up the leaderboard throughout the monthly season in the gamified system, where the points multiplier is based on the chosen timeframe. By making this prediction, they put a specific amount of points at risk, and if they are right, their points will be multiplied. They will forfeit their staking points if they are wrong. To stay up to date with all things Rate That Crypto check out the RTC Discord Server and join the telegram group.
The platform educates players by helping them experience market volatility and trends. It allows them to learn from top performers and understand the strategy of how they can apply what they learned to real-world trading. A section of the app updates users on current events and trends in the crypto space.
In addition, an in-built non-custodial wallet is onboard mainstream Web3, so they familiarize themselves with setting up a wallet, thereby safeguarding their crypto.
Rate That Crypto’s (RTC) Ecosystem Transforms the Play-to-earn Model
The system offers tremendous insight into the crypto space. It is achieved by selecting favorite tokens, choosing a timeframe, and placing a forecast, which helps determine if the market is bullish or bearish. The players accumulate their points by predicting market trends. The platform creates an opportunity to rank high on the leaderboard and compete against players worldwide.
The system is built for experienced and newbie crypto traders, helping them strengthen their skills and embrace real-life market trends. The project will impact the market in its presale stage thanks to its gaming features, which are completely different. It continues to revolutionize the play-to-earn game system with its integrated features of monitoring and staking points to forecast the crypto market.
