Chainlink price held steady on Friday morning as focus shifted to the upcoming changes in its ecosystem. The price also...
Chainlink
Chainlink is built on Ethereum and is a blockchain oracle meaning it provides a live data feed connection between on-chain and off-chain data. Blockchain oracles are very important because, without them, smart contracts would only be able to access data within their networks, limiting their use cases.
Chainlink’s native token is LINK and was created in June 2017 by SmartContract, a for-profit company.
Is Chainlink a good investment?
ChainLink has a market cap of over $11.3 billion as of October 2021, making it one of the most sought-after cryptos. It has positioned itself as the go-to decentralised Oracle network, but it is still quite volatile, being a cryptocurrency. However, it has the potential for massive gains.
How to trade Chainlink
You will need to choose a suitable crypto exchange to trade LINK, bearing in mind that it’s pretty new and is found on a few crypto exchanges.
Next, you need to create an account by providing your details and verifying them using government-issued ID documents such as a passport, driver’s license, or national/state ID.
Once your account is verified, you can go ahead and deposit the funds you have allocated to trading LINK. Most exchanges have a minimum deposit amount, which you must meet. You can then store your LINK in a secure wallet after buying it.
Latest Chainlink news
Cryptocurrency prices collapsed in November as concerns about contagion in the industry continued. Bitcoin plunged to $15,000 while the total...
Chainlink’s price is up by a percentage point in today’s trading session and continues to show signs that it may...
Chainlink price has been in a slow recovery process after crashing by more than 65% this year alone. LINK rose...
The Chainlink price predictions remain decidedly bearish after the price action witnessed a firm rejection of a key resistance mark....
Bearish Chainlink price predictions hit the market after the LINK/USDT pair slumped on Tuesday. The 9.71% slump came as the...
As mentioned in our previous Chainlink price prediction, the rejection from the $9.50 level resulted in a price reversal. The...
Since August 13, the Chainlink price has been in a strong bearish move. Today, with prices dropping by a percentage...
Our Chainlink price prediction might become fairly bullish if the price reclaims the $9.50 level. This region has been acting...
Our Chainlink price prediction might flip very bullish if the price reclaims a very critical level. Currently, the LINK coin...