Chainlink price has recently broken below a multiyear uptrend which started way back in March 2020, right after Covid crash. 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
The Chainlink price has been under intense pressure in the past few days. LINK is trading at $25, which is...
Chainlink’s charmed run during the crypto market meltdown seen last week appears to have come to a crashing halt, tapering...
The Chainlink price has held steady in the past few days even as other cryptocurrencies have sold off. The LINK...
The Chainlink price continued its recovery rally on Wednesday as investors cheered the network’s recovery. LINK, the native token, is...
The Chainlink price is inching higher on Thursday as LINK attempts to gather some bullish momentum to finish the year...
The Chainlink price has been under intense pressure as the cryptocurrency industry struggles. LINK, its native token, has dropped to...
The Chainlink price has risen in the past three consecutive days after having a major meltdown during the weekend. It...
The ChainLink price has halved in the last month and is down over 65% from its all-time high. So just...
The ChainLink price is attempting to bounce from Friday’s low, but significant obstacles litter LINK’s path higher. ChainLink (LINK) is...