Our Chainlink price prediction is not looking quite bullish as the price keeps sliding downwards. It is already 77% down...
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 held steady on Friday morning as focus shifted to the upcoming changes in its ecosystem. The price also...
The Chainlink price is crawling back as investors reflect on the latest statement on LINK staking in the platform. The...
The Chainlink price has recently been in a slow upward trend as its role in the blockchain industry strengthens. The...
The Chainlink price dropped by 9 per cent in yesterday’s trading session. Today, the bearish trend looks to be continuing,...
Chainlink’s price is up by a percentage point in today’s trading session and continues to show signs that it may...
Recent Chainlink price action indicates the crypto has been preparing for a strong push to the upside. In yesterday’s trading...
The Chainlink price has spent two weeks jammed between trend resistance and moving average support. At some stage, LINK will...
Chainlink price is having a phenomenal run fuelled by the ongoing bullish sentiment in the cryptocurrencies. It has emerged as...
The Chainlink price continues to bleed value and desperately needs a bullish kicker. All the signs point to more pain...