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Chainlink

Chainlink priceLINK

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Chainlink price calculator

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LINK
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1 LINK = 18.33 USD
Last updated 2024-02-22 05:08:46(UTC-0)

Chainlink price live data summary

The live price of Chainlink is $18.33 per (LINK / USD) today with a current market cap of $10.76B USD. The 24-hour trading volume is $481.28M USD. LINK to USD price is updated in real time. Chainlink is -3.59% in the last 24 hours. It has a circulating supply of 587,099,970 .

What is the highest price of LINK?

LINK has an all-time high (ATH) of $52.88, recorded on 2021-05-10.

What is the lowest price of LINK?

LINK has an all-time low (ATL) of $0.1263, recorded on 2017-09-23.

When is a good time to buy LINK? Should I buy or sell now?

When deciding whether to buy or sell LINK, you must first consider your own trading strategy. The trading activity of long-term traders and short-term traders will also be different. The Bitget LINK technical analysis can provide you with a reference for trading.
According to the LINK 4h technical analysis, the trading signal is Sell.
According to the LINK 1d technical analysis, the trading signal is Neutral.
According to the LINK 1w technical analysis, the trading signal is Strong buy.

Chainlink price performance in USD

24h7d30d90d1yAll-time
-3.59%-8.80%+24.27%+27.76%+143.31%+11614.36%

Chainlink price history in USD

TimeLowHigh
24h$18.05$19.03
7d$18.05$20.34
30d$13.53$20.82
90d$12.65$20.82
1y$4.98$20.82
All-time$0.1263(2017-09-23, 6 years ago )$52.88(2021-05-10, 2 years ago )

Chainlink market information

Market capCombinedShapeIcon
$10,763,894,623.82
-3.59%
Fully diluted market capCombinedShapeIcon
$18,334,006,413.8
-3.59%
Volume (24h)CombinedShapeIcon
$481,277,547.89
-14.61%
Market rankingsCombinedShapeIcon
Circulation rateCombinedShapeIcon
+58.00%
24h volume / market capCombinedShapeIcon
0.0447
Circulating supplyCombinedShapeIcon
587,099,970 LINK
Total supply / Max supplyCombinedShapeIcon
1,000,000,000 LINK
1,000,000,000 LINK
ICO price
$0.1091 ICO details
share

Chainlink ratings

Average ratings from the community
4.6
100 ratings
This content is for informational purposes only.

Chainlink Social Data

In the last 24 hours, the social media sentiment score for Chainlink was 0, and the social media sentiment towards Chainlink price trend was Bearish. The overall Chainlink social media score was 145,753, which ranks 55 among all cryptocurrencies.

According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,092,220 times, with Chainlink being mentioned with a frequency ratio of 0.13%, ranking 33 among all cryptocurrencies.

In the last 24 hours, there were a total of 0 unique users discussing Chainlink, with a total of Chainlink mentions of 1,370. However, compared to the previous 24-hour period, the number of unique users decrease by 0%, and the total number of mentions has increase by 14%.

On Twitter, there were a total of 9 tweets mentioning Chainlink in the last 24 hours. Among them, 22% are bullish on Chainlink, 0% are bearish on Chainlink, and 78% are neutral on Chainlink.

On Reddit, there were 0 posts mentioning Chainlink in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 0% . Additionally, there were 0 comments mentioning Chainlink. Compared to the previous 24-hour period, the number of mentions decrease by 0%.

All social overview

Average sentiment(24h)
0
Social score(24h)
145.75K(#55)
Social contributors(24h)
0
0%
Social mentions(24h)
1.37K(#33)
+14%
Social dominance(24h)
0.13%
Twitter
Tweets(24h)
9
+50%
Twitter sentiment(24h)
Bullish
22%
Neutral
78%
Bearish
0%
Reddit
Reddit score(24h)
0
Reddit posts(24h)
0
0%
Reddit comments(24h)
0
0%

About Chainlink(LINK)

What Is Chainlink?

Chainlink (LINK) is an open-source blockchain platform that acts as a decentralized oracle network. While blockchain offers a secure way to store and access data, its self-contained nature limits its real-life applications, restricting data usability to the specific chain where it is stored. However, blockchain oracles, such as Chainlink, bridge this gap by connecting data from various external sources to the blockchain, opening up a plethora of real-world possibilities.

The key strength of Chainlink lies in its decentralized network, which ensures the security and trustworthiness of the data and computations it provides. Unlike centralized networks that are susceptible to a single point of weakness, Chainlink's decentralized nature eliminates this vulnerability, making it a more reliable option for feeding off-chain data to blockchains.

Chainlink was founded in 2017 by the exceptional team of Sergey Nazarov and Steve Ellis. Remarkably accomplished in the blockchain field, they had previously been involved in creating noteworthy projects and organizations, such as SmartContract.com and Secure Asset Exchange. Adding to its impressive foundation, Chainlink boasts strategic advisors of immense stature, including former Google CEO Eric Schmidt, former LinkedIn CEO Jeff Weiner, and DocuSign co-founder Tom Gonser. With such an outstanding team backing it, it comes as no surprise that Chainlink has emerged as the leading oracle in the market.

Resources

Whitepaper: https://research.chain.link/whitepaper-v2.pdf?_ga=2.235413057.1176473433.1660636870-1920701428.1660274017

Official website: https://chain.link/

How does Chainlink work?

When a blockchain utilizing Chainlink's oracle service requires off-chain data, it initiates a Requesting Contract. Upon receiving this request, Chainlink generates a Service Level Agreement Contract (SLA Contract), which triggers the creation of three sub-contracts:

- Reputation Contract: This contract verifies the performance of data providers and eliminates those with unfavorable track records, ensuring data quality and reliability.

- Order-Matching Contract: Responsible for matching the requirements of the Requesting Contract with the appropriate nodes, ensuring that the data is sourced efficiently and accurately.

- Aggregating Contract: This contract collects, validates, and reconciles data from the selected nodes, ensuring consistency and correctness of the data.

Ultimately, the data processed by the SLA Contract is delivered to the requesting blockchain, enabling seamless integration of off-chain information into the blockchain's operations.

What is the LINK token?

Chainlink operates on its native utility token called LINK. LINK plays a vital role within the Chainlink ecosystem. Node operators, who provide data to the network, are rewarded with LINK tokens for their services. On the other hand, developers who want to access external data using Chainlink oracles pay for these services with LINK tokens. This design incentivizes participation from both node operators and developers, ensuring the network's sustainability and liquidity.

Use Cases of Chainlink

- Decentralized Finance (DeFi): Chainlink plays a crucial role in providing reliable price feeds for DeFi platforms, enabling secure lending, stablecoins, and other financial products.

- Gaming: Chainlink facilitates the integration of blockchain games with real-world data, enhancing gameplay and enabling novel in-game experiences.

- Supply Chain Management: By connecting smart contracts to real-world supply chain data, Chainlink ensures transparency, accuracy, and efficiency in supply chain management.

- Insurance: Smart contracts can leverage Chainlink oracles to access external data and trigger insurance payouts automatically based on predefined events.

What Determines Chainlink's Price?

The price of Chainlink (LINK), a leading decentralized oracle network in the cryptocurrency space, is influenced by a myriad of factors that range from market demand to its integral role in smart contract functionality. One of the primary drivers of Chainlink's value is its utility in connecting smart contracts with real-world data, a feature that is foundational for decentralized applications (dApps) in sectors like decentralized finance (DeFi) and on-chain gaming.

Chainlink's price today is also shaped by its economic model and the broader trends in the blockchain and cryptocurrency markets. As the Chainlink ecosystem expands its offerings and adoption grows, the demand for LINK tokens is expected to rise, potentially leading to a favorable Chainlink price prediction for 2023 and beyond. Moreover, the Chainlink chart often reflects the project's continuous innovations and partnerships, which are regularly covered in Chainlink news. Factors such as network upgrades, Chainlink's market cap, and its comparison with other cryptocurrencies like Bitcoin also play a significant role in determining the current Chainlink price in USD. Investors often rely on Chainlink price history charts and Chainlink price forecasts to develop their Chainlink trading strategies.

Localized factors can also impact Chainlink's price. For instance, regulatory news and adoption rates can affect the Chainlink price in specific countries, influencing how to buy or sell Chainlink in those regions. Overall, Chainlink's price is a result of its utility, demand, and market sentiment, making it a subject of interest for both short-term traders and long-term investors who often ask: "Is Chainlink a good investment?" or "How high will Chainlink go?"

Tthe future of Chainlink looks promising given its pivotal role in the blockchain ecosystem. Its price is determined by its utility in smart contracts, demand for its services, and its economic model, among other factors. Whether you're considering Chainlink as a potential investment or are simply curious about its prospects, keeping an eye on these influencing elements can offer valuable insights.

Conclusion

Chainlink's innovative approach to decentralized oracles has significantly contributed to the growth and maturity of the blockchain ecosystem. By addressing the need for secure and reliable data feeds for smart contracts, Chainlink opens up new possibilities for blockchain technology across various industries. It's important to note that like any other cryptocurrencies, Chainlink carries its own risks and it's always wise to do your own research and exercise caution while investing.

Related Articles about Chainlink

Chainlink (LINK) Introduction

How to buy Chainlink (LINK)

Buying Chainlink on Bitget is fast and simple.
You just have to create an account, complete identity verification, deposit funds, and your trading journey is all set!
For more information, refer to How to buy Chainlink (LINK) .

Trade LINK perpetual futures

After having successfully signed up on Bitget and purchased USDT or LINK tokens, you can start trading derivatives, including LINK futures and margin trading to increase your income.

The current price of LINK is $18.33, with a 24h price change of -3.59%. Traders can profit by either going long or short onLINK futures.

Join LINK copy trading by following elite traders.

After signing up on Bitget and successfully buying USDT or LINK tokens, you can also start copy trading by following elite traders.

People are also inquiring about the price of Chainlink.

What is the current price of Chainlink?

We update our Chainlink to USD price in real time. Get the live Price of Chainlink on Bitget.

What is the 24 hour trading volume of Chainlink?

Over the last 24 hours, the trading volume of Chainlink is $481.28M.

What is the all-time high of Chainlink?

The all-time high of Chainlink is $52.88. This all-time high is highest price for Chainlink since it was launched.

Can I buy Chainlink on Bitget?

Yes, Chainlink is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy Chainlink guide.

Can I get a steady income from investing in Chainlink?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy Chainlink with the lowest fee?

We're pleased to announce that strategic trading platform is now available on the Bitget exchange. Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders.

How is Chainlink different from other Oracle solutions?

Chainlink is unique in its decentralized approach to oracles. While traditional oracles operate on a centralized basis, Chainlink aims to solve the "oracle problem" by creating a network of multiple independent nodes that can provide a more secure and tamper-proof data source for smart contracts. Chainlink also allows for data aggregation from multiple sources, improving the accuracy and reliability of the data being supplied.

What blockchains are supported by Chainlink?

Chainlink initially launched on Ethereum but has since expanded to support multiple blockchains, including BNB Chain, Polygon (Matic), Avalanche, Fantom, Arbitrum and Optimism. This makes it more versatile and interoperable, allowing developers across different blockchain ecosystems to integrate real-world data into their smart contracts.

Why is Chainlink considered valuable?

Chainlink is considered valuable for several key reasons: - Problem-Solving Utility: Chainlink aims to solve a significant problem in the blockchain ecosystem known as the "oracle problem." Traditional smart contracts on blockchain platforms like Ethereum are self-contained and cannot access external data. Chainlink's decentralized oracles provide a bridge between off-chain data sources and on-chain smart contracts, allowing them to be far more useful and versatile. - Decentralization: The decentralized nature of Chainlink's oracles reduces the risk of data manipulation, making it a more secure and reliable solution compared to centralized oracles. This is especially vital for financial services, supply chain management, and other sectors where data integrity is crucial. - Growing Ecosystem: Chainlink has formed partnerships with various enterprises, DeFi projects, and blockchain platforms. Each new partnership not only increases the utility of the Chainlink network but also potentially adds to its value. - Network Effects: As more projects use Chainlink's services, it increases the demand for LINK tokens, which are used to pay for data retrieval and incentivize node operators. This could create a virtuous cycle where increased demand benefits both the Chainlink network and the value of the LINK token. - Developer Activity: A strong and active developer community is often seen as a sign of a project's long-term potential. Chainlink has a very active developer community, and its protocols are often updated with new features and improvements, indicating sustained interest and continuous growth.

Is Chainlink's price correlated with other cryptocurrencies?

Generally, Chainlink's price has some level of correlation with the broader cryptocurrency market, particularly with market leaders like Bitcoin and Ethereum. However, there are nuances: - Market-wide Trends: Chainlink, like many other cryptocurrencies, often moves in correlation with the larger cryptocurrency market. This is especially true for market leaders like Bitcoin and Ethereum. When these currencies experience volatility, Chainlink and other altcoins often follow suit. - Event-driven Movements: Specific events, such as partnership announcements or technological updates related to Chainlink, can cause its price to move independently of broader market trends. - Risk Sentiment: Chainlink, being an altcoin, is often considered riskier than established coins like Bitcoin and Ethereum. In bullish markets, this means Chainlink might experience more significant gains, but it could also suffer more considerable losses in bearish conditions. - Niche Specificity: Chainlink serves a specific niche within blockchain for decentralized oracles. This means it could potentially react differently to news or developments that are particularly relevant to its niche, regardless of what is happening in the broader crypto market.

Is Chainlink a good investment?

Chainlink shows promise as an investment for several reasons. First, it addresses a critical need in the blockchain ecosystem by providing decentralized oracles, which act as bridges between on-chain and off-chain data. This unique functionality has made Chainlink a vital component in the rapidly growing DeFi (Decentralized Finance) sector. The platform has already established partnerships with major players in the crypto world, such as AAVE, Synthetic, and Compound, and even has a strategic partnership with Google. Chainlink's technology is blockchain-agnostic, meaning it can work with any blockchain network, further expanding its potential market. The project is led by a reputable team and has a clear roadmap, including the introduction of staking to incentivize network participation. However, it's essential to consider the risks and potential downsides. Chainlink's token currently has speculative value, as its staking platform is not yet online. The project's success is heavily dependent on its utility and adoption by enterprises, which is not guaranteed. There's also the possibility that enterprises might opt for private solutions instead of Chainlink, limiting its growth potential. Despite these concerns, Chainlink's unique value proposition, its role in the expanding DeFi and NFT markets, and its potential for broader adoption in a future blockchain-powered economy make it an intriguing investment option for those bullish on blockchain technology.

Can Chainlink hit US$100 value?

There is a general sense of optimism that Chainlink (LINK) could potentially reach a US$100 value in the future. Factors such as its role in decentralized finance (DeFi), strategic partnerships, and its utility in linking real-world data to blockchain smart contracts are all seen as positive price drivers. Based on various expert predictions, the price of Chainlink could rise to US$10 by the end of 2023 and even reach up to US$100 in just a few years. However, it's essential to remember that the crypto market is highly volatile. Price predictions are speculative and should be approached with caution.
Cryptocurrency investments, including buying Chainlink online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Chainlink, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your Chainlink purchase. This page and any information included are not an endorsement of any particular cryptocurrency.

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