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LINK

Chainlink (LINK) Price Index

$ 18.54 Ƀ 0.00035994
  • MarketCap
    $ 10,891,211,536
  • Volume
    $ 276,365,735
  • Change
    -0.31%
chainlinkChainlink
$ 18.54
$ 18.54
0.31%
17,11
LINK
Chainlink (LINK)
$ 18.54
LINK
Chainlink (LINK)
author
author
With a background in journalism and digital marketing, Marcel is a keen crypto enthusiast and investor. A regular contributor to several crypto publications, he believes that META-based projects will soar in the coming years and is super-bullish on MeritCircle and the increase in P2E gaming platforms. Marcel is also excited about AVAX and FTM as ETH-chain alternatives, and any projects with strong utility, transparency, experience, and community marketing.
By Marcel Deer
author
With a background in journalism and digital marketing, Marcel is a keen crypto enthusiast and investor. A regular contributor to several crypto publications, he believes that META-based projects will soar in the coming years and is super-bullish on MeritCircle and the increase in P2E gaming platforms. Marcel is also excited about AVAX and FTM as ETH-chain alternatives, and any projects with strong utility, transparency, experience, and community marketing.
on January 02, 2023 | 2 min
Updated on Dec 11, 2023

Overview: What is Chainlink (LINK)?

Chainlink (LINK) is a cross-chain interoperability protocol project built on the Ethereum blockchain network. Chainlink’s token, or cryptocurrency, is LINK, and this powers the project. At the moment, blockchain networks are disconnected; each has its own rules and characteristics, so one blockchain application doesn’t directly integrate with the next.

 

Interoperability is very important for mainstream adoption as consumers and businesses using blockchain applications will need to use them seamlessly, much in the way that today’s internet works.

What Makes Chainlink (LINK) Unique?

Chainlink is a decentralized blockchain oracle network (DON) that enables smart contracts to communicate securely and share data with other blockchain networks and with current conventional software and services.

When Did Chainlink Start?

The idea for Chainlink was developed in 2017 by Sergey Nazarov and Steve Ellis, and the network was formally launched in 2019. The aim was for Chainlink to act as a “bridge” between different blockchains and “off-chain.”

How to Buy Chainlink (LINK) Tokens?

LINK tokens are available on major cryptocurrency exchanges. The coin isn’t as popular, to date, as many other cryptocurrencies, and it’s not seen as a store of value like Bitcoin, so it won’t be available on every exchange. The value of the Chainlink cryptocurrency, LINK, can be assessed on a Chainlink price chart. The Chainlink crypto price might vary slightly from exchange to exchange.

How is the Price of Chainlink Determined?

The price of Chainlink crypto coin depends on supply and demand both in the wider market and on the exchanges that list the coin. Because Chainlink’s ultimate success relies on the adoption of its technology, its performance as a decentralized oracle network will affect the Chainlink crypto price prediction.

FAQs

Is Chainlink a good coin to buy?

To answer “Is Chainlink coin a good investment,” it’s important to review a Chainlink crypto price chart, look at the Chainlink crypto price history, and also review the analysis of the project and Chainlink crypto price predictions.

Is Chainlink a long-term investment?

Blockchain projects like Chainlink do have the potential to become long-term investments. As blockchain technology takes off into mainstream use, the applications and their networks most used will see their native coins gain in value. So, if the technology is successful, the value of Chainlink cryptocurrency, LINK could increase. Some analyses put Chainlink price prediction 2025 (LINK) at around $11.00 and Chainlink price prediction 2030 at around $41.00.

Does Chainlink have a future?

There’s certainly a future for blockchain protocols that answer the issue of interoperability between chains and that provide off-chain integrations with conventional applications. Currently, the view is that Chainlink has established a lead over competitor projects. The developer’s plans are to answer issues of transaction costs for DApp creators, if successful, this could help to secure Chainlink’s future.

Who is the Chainlink founder?

Chainlink’s founders are Sergey Nazarov and Steve Ellis. Nazarov is one of the people to have been suspected of being Bitcoin’s mysterious creator Satoshi Nakamoto. Bitcoin’s creator is still unknown. Chainlink’s co-founder Ellis also co-founded Secure Asset Exchange.

 

author
About Marcel Deer
With a background in journalism and digital marketing, Marcel is a keen crypto enthusiast and investor. A regular contributor to several crypto publications, he believes that META-based projects will soar in the coming years and is super-bullish on MeritCircle and the increase in P2E gaming platforms. Marcel is also excited about AVAX and FTM as ETH-chain alternatives, and any projects with strong utility, transparency, experience, and community marketing.
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