Chainlink’s price is up by 4 per cent. Today’s surge breaks a streak of the past five days that has...
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
The Chainlink price dropped by 9 per cent in yesterday’s trading session. Today, the bearish trend looks to be continuing,...
Our previous Chainlink price prediction has played out exactly as predicted. As mentioned in our last article, the LINK crypto...
The LINK price has failed to break out of the falling wedge which was mentioned in our previous Chainlink price...
Chainlink is up by 10 per cent in today’s trading session. However, despite the strong bull move, the crypto has...
The entire cryptocurrency industry has continued to struggle this week, with major cryptocurrencies such as Bitcoin dropping by 20 per...
The Chainlink price is crawling back as investors reflect on the latest statement on LINK staking in the platform. The...
Recent Chainlink price action indicates the crypto has been preparing for a strong push to the upside. In yesterday’s trading...
In the past two weeks, Chainlink has struggled to break out of the $6.66 and $7.98 support and resistance levels....
Chainlink is down by two per cent in today’s trading session. After yesterday’s bullish signals, this resulted in the prices...