The Chainlink Virtual Hackathon 2021 officially took place on March 15 and so far has recorded over 3,500 participants. The virtual event aims to build the next generation of smart contracts.
Entries will be open until April 11, 2021 however, for those who want to get a reward worth $ 125,000 still have the opportunity to register until today.
In an announcement, Chainlink (LINK) stressed that the three-week program provides an opportunity for developers across the Chainlink ecosystem to connect, collaborate, build and present innovations in DeFi, NFT (non-fungible tokens), gaming and connect smart contracts universally using oracle agnostic network blockchain Chainlink and web3 technology.
Rewards will be divided into 6 categories:
1/ $ 3,000 for NFT and gaming categories
2/ $ 5,000 for social impact
3/ $ 8,000 for grand prize
4/ $ 3,000 for DeFi
5/ 3,000 open categories
6/ $ 5,000 govtech category
Will this bring the price of LINK to a higher level?
At the time of writing, LINK is trading at $ 28.04 with a slight decline, 0.58% in 24 hours. Over the past few weeks, LINK has managed to record jumps of 2.4% and 6.2% since last month.
With the project launched, analysts predict LINK has the potential to skyrocket to the $ 100 price level. Analysts also hinted to investors to be vigilant at the $ 19.5 to $ 20.75 level.
Analysts think the range at a higher level, could be a support zone and a good opportunity for investors who plan to add more investment in LINK in the event of a retracement at that level.
So far, based on current prices, investors forecast LINK to post a value of $ 34 as the next all -time record high (ATH).
