The Chainlink price is pushing towards last week’s high, which may signal the start of another extended bull run. Chainlink...
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
Chainlink price is sitting at an important support as 2023 gets underway. LINK was trading at $5.76, where it has...
The Chainlink price is up more than 30% over the last week and has finally broken out of its long-term...
Chainlink price started the week by bouncing off the 200-day moving average and is currently trading at $7.7, up by...
Chainlink (LINK) price has been trading within the $5.5-$9.65 price range since June 2022. The crypto token currently stands 7.6%...
Chainlink (LINK) price action in the last 18 months has been disappointing, to say the least. The price has remained...
Chainlink price has been in a slow recovery process after crashing by more than 65% this year alone. LINK rose...
The Chainlink price has held steady in the past few days even as other cryptocurrencies have sold off. The LINK...
Chainlink price prediction bets of a bullish recovery got a rather rude awakening after buying momentum dried up above the...
Chainlink solved a major problem that had plagued blockchain technology by introducing a way to integrate off-chain data required by...