What is Chainlink?
Chainlink is a fully decentralised oracle network powered by the LINK cryptocurrency. One of the first networks to allow the integration of off-chain data into smart contracts, Chainlink enables smart contracts to send payments to bank accounts and other payment networks. It also connects smart contracts to the data sources and APIs they need to function easily. Its ecosystem currently powers 1,000 project integrations with 700 oracle networks, giving access to over 1B data points and securing over US$75 billion in value for DeFi applications like Synthetix, Aave, and Compound, among others.
A brief history of Chainlink
Sergey Nazarov, the co-founder and CEO of Chainlink, founded the oracle network project in 2017, alongside Steve Ellis. Chainlink launched an Initial Coin Offering of the LINK token’s total supply during that year. While Chainlink is primarily an oracle network and not a blockchain per se, the project’s leaders plan to launch staking for LINK holders in 2022 as a way to secure the network and incentivise the token’s holders.
In April 2021, the network published a second white paper detailing plans to expand its suite of services to off-chain computation of data, emphasising its focus on facilitating hybrid smart contracts.
How Chainlink works
Chainlink operates a decentralised oracle network that allows blockchains to securely interact with external data feeds, events, and payment methods. It is supported by a wide range of open-source stakeholders such as data providers, node operators, smart contract developers, researchers, security auditors, and more.
What is Chainlink used for?
The LINK cryptocurrency powers the Chainlink network by incentivising users who ensure the proper operation of this network. The token is also used across multiple blockchains, enabling integrations with native Chainlink oracles. Within this network, LINK is used for staking and payments to node operators.
FAQs
Chainlink's price today is US$12.93, with a 24-hour trading volume of $331.91 M. LINK is -6.90% in the last 24 hours. It is currently -17.25% from its 7-day all-time high of $15.63, and 0.76% from its 7-day all-time low of $12.84. LINK has a circulating supply of 587.1 M LINK and a max supply of 1 B LINK.
How much will a link be worth in 2025? ›
Coinpedia platform predicts Chainlink could reach $213.1 to $253.51 by 2030, and experts from Changelly forecast that it could reach minimum and maximum prices of $30.69 and $38.26 by the end of 2025.
How much is 100 link in usd? ›
Convert Chainlink (LINK) to USD
| LINK | USD |
|---|
| 20 LINK | 285.52 USD |
| 50 LINK | 713.80 USD |
| 100 LINK | 1427.60 USD |
| 1000 LINK | 14276.02 USD |
8 more rowsConvert Chainlink to United States Dollar
1 LINK equals 14.71 USD.
What is the current price of Chainlink link? ›
Price of LINK today
The live price of Chainlink is $ 12.88 per (LINK / USD) with a current market cap of $ 7.56B USD. 24-hour trading volume is $ 314.13M USD. LINK to USD price is updated in real-time. Chainlink is -7.77% in the last 24 hours with a circulating supply of 587.10M.
What will Chainlink be worth in 2050? ›
With its massive potential for growth and adoption, Chainlink is expected to remain a major player in the cryptocurrency market for years to come. By 2050, our long-term Chainlink price prediction estimates that the maximum price could reach up to $391.12.
How much will 1 Ethereum be worth in 2030? ›
Ethereum (ETH) Price Prediction 2030
According to your price prediction input for Ethereum, the value of ETH may increase by +5% and reach $ 4,306.32 by 2030.
How many dollars is 1000 tokens? ›
Latest TOKEN to USD price calculator
| TokenFi | US Dollar |
|---|
| 100 TOKEN | 10.84 USD |
| 250 TOKEN | 27.09 USD |
| 500 TOKEN | 54.18 USD |
| 1000 TOKEN | 108.37 USD |
10 more rowsLINK to NGN
| Amount | Today at 2:18 am |
|---|
| 10 LINK | NGN 188,538.69 |
| 50 LINK | NGN 942,693.45 |
| 100 LINK | NGN 1,885,386.91 |
| 500 LINK | NGN 9,426,934.53 |
4 more rowsWhat is the all-time high for Chainlink (LINK)? The highest price paid for Chainlink (LINK) is $52.70, which was recorded on May 10, 2021 (almost 3 years). Comparatively, the current price is 72.81% lower than the all-time high price.
Due to significant whale activity, Chainlink (LINK) has recently drawn heightened attention. A particular whale, notable for their aggressive accumulation strategy, has amassed an eye-watering 4,556,684 LINK tokens. This surge in whale activity raises questions about the potential implications for LINK's price.
How big will Chainlink get? ›
The IH analyst team believes that LINK can reach $100 by late 2025 or early 2026. It has been trading in an established zone between $13 – $16.91 for over 80 days. It's in a good segment/sector (oracles, data) which we are very bullish on. And 2024 is set to be a great year for altcoins.
Is Chainlink worth keeping? ›
Yes, Chainlink is a profitable investment in the long term. The strengths of the network such as smart contracts expandability, data feeds, oracles, and Defi give it an upper hand. How high could the LINK price reach by the end of 2024? LINK price could close the annual trade for 2024, with a price tag of $12.73.
What is the cheapest way to buy Chainlink? ›
Binance offers many options where you can easily buy several cryptocurrencies including Chainlink, with the lowest fees and highest security. Create a free account on the Binance website or the app. Binance is a centralized exchange where you can buy several cryptocurrencies including Chainlink.
What is the future prediction for the link? ›
Our real-time LINK to USD price update shows the current Chainlink price as $14.3 USD. Our most recent Chainlink price forecast indicates that its value will increase by 8.86% and reach $15.12 by April 29, 2024.
How much will Chainlink cost in 2024? ›
Chainlink price prediction 27 April 2024: Chainlink's price for 27 April 2024 according to our analysis should range between $12.51 to $14.39 and the average price of LINK should be around $13.45.
Is Link a good stock to buy? ›
Interlink Electronics, Inc. has 112.12% upside potential, based on the analysts' average price target. Is LINK a Buy, Sell or Hold? Interlink Electronics, Inc. has a conensus rating of Moderate Buy which is based on 1 buy ratings, 0 hold ratings and 0 sell ratings.
Can LCX reach $100? ›
To achieve $100, LCX would need to grow at a rate of 25% per year for approximately 31 years.
