Chainlink’s charmed run during the crypto market meltdown seen last week appears to have come to a crashing halt, tapering...
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 has paused following Bitcoins reversal below $40,000. But does this signal the start of a correction, or...
The ChainLink price is trading broadly sideways. However, there are clues that buyers are present below the market. This could...
Chainlink price is seeing a second consecutive day of dropping in today’s trading session. This is after trading sideways for...
Chainlink is up by 10 per cent in today’s trading session. However, despite the strong bull move, the crypto has...
Chainlink is down by two per cent in today’s trading session. After yesterday’s bullish signals, this resulted in the prices...
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 prediction of a leg lower following the breakdown of the bearish flag appears to have been fulfilled...
The Chainlink price has bounced back in the past few days as cryptocurrency prices rebound. LINK, the platform’s native token,...
The Chanlink price has rebounded and is approaching its all-time high as the cryptocurrencies rally gains steam. The LINK price...