The ChainLink price has gained 50% in eight consecutive positive trading days. But can the LINK rally take the price...
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 prediction bets of a bullish recovery got a rather rude awakening after buying momentum dried up above the...
The ChainLink price has paused following Bitcoins reversal below $40,000. But does this signal the start of a correction, or...
Chainlink has announced that it would launch a Cross-Chain Interoperability Protocol (CCIP) to allow for more effective cross-chain communication. In...
The ChainLink price is slightly higher this morning at $25.35 (+1.66%), just below the significant resistance of the 200-day moving...
The Chainlink price has spent two weeks jammed between trend resistance and moving average support. At some stage, LINK will...
The Chainlink price popped on Monday as investors remained optimistic about the platform. LINK jumped to $34.53, which was the...
The Chainlink price suffered heavy losses yesterday, sliding 35%, as a wave of selling crushed the cryptocurrency market. Chainlink (LINK/USD)...
The Cardano price is surprisingly quiet on Monday despite some recent positive announcements. ADA is trading at $2.20 (-0.40%), around...
The Chainlink price is down 5% this morning after failing to clear key resistance and until LINK climbs above the...