Chainlink is a leading Blockchain that focuses on the Oracle network. The network provides smart contracts on available blockchain projects. It further establishes a connection to real-world data, events, and payments.
This article will provide you an overview of LINK, Chainlink price prediction, investment, and more. Read till the end so that you don’t miss any detail.
Chainlink is a decentralized cryptocurrency oracle network aiming to provide reliable and real-world data to smart contracts on the blockchain. In Chainlink, the digital asset token is $LINK tokens. It is utilized as a payment method for the services on the network.
Chainlink was created in 2017 by Sergey Nazarov along with Steve Ellis.
In September 2017, LINK was funded with an ICO. It managed to raise USD 32 million during that time. Furthermore, during its private token sale, the LINK cost USD 0.09 per token. Also, during its public sale, its cost was USD 0.11.
During 2018, the coin price had a massive boom in Chainlink prices. It started doubling from USD 0.15 TO USD 0.43 per coin. With the hike in price, it reached USD 1.
During 2019, it started on a positive note. After news came on Twitter about the cooperation of Google Cloud and Chainlink, the price of LINK showed a hike. It reached from USD 1.19 to USD 1.93. Also, when the coin was listed on Coinbase, the LINK prices grew further and reached USD 2.24.
During 2020, Chainlink showed significant growth from January to the end of February. In this short time frame, the coin managed to rise from USD 1.74 to USD 4.60. However, in March the coin prices fell back to USD 1.74, which was the previous price.
Further, in April, it recovered and climbed to USD 3. Moreover, LINK prices ascended with momentum till mid-August. It showed fluctuations again in October and was trading at USD 11.17. Later, it fell off to USD 10.57.
Eventually, in November, it showed steady change and hit the mark of USD 16.08. By the end of the year, Chainlink traded to the mark of USD 11.14.
LINK Market Cap
The LINK market cap is $10.4 Million at the time of writing this article.
LINK Circulating Supply And Total Supply
The circulating supply is 405,509,556 LINK and the total supply is 1,000,000,000 LINK.
The current price of LINK as of February 07, 2021, Sunday is $25.853
Below are the short-term and long-term prices forecast of Chainlink. Let’s have a look:
Chainlink price is expected to hit over 96 percent throughout the next six months. Moreover, with this hit, it is expected to bring the LINK price prediction to USD 50.
LINK price prediction is forecasted to show a humongous increase in the long term and reach $1000+ in the year 2030 or so.
During the first day of January 2021, Chainlink price continued trading at $11.45. Further, the price showed a substantial increase. Furthermore, Chainlink price touched a new record in its price by hitting $25.65, which is a recorded high price. Moreover, the price is expected to rise in the upcoming days if LINK performs better.
Chainlink price prediction cryptocurrency may hit USD 50 by the end of 2021 and might reach $160 in the future.
As predicted by experts, LINK price prediction may continue to rise in the future. Furthermore, it is expected that it will pass the mark of $100 by 2023.
Also, chainlink has attracted many users to its platform and if it continues to maintain the same pace, it will stay ahead in the competitive world of cryptocurrency.
For 2025, Chainlink price prediction is expected to be good and positive. Our estimate is that there could be a bear market in between 2023 and 2025. The average forecasted price in January is USD 64. Then, it could rise to USD 75 in March. With fluctuations in prices, it is expected to hit USD 85 in October. And, ending at USD 100 in December.
As LINK crypto established its relevance in the crypto market, it managed to beat others. Therefore, chainlink price prediction will possibly be worth 10x+ more.
Chainlink is safer and a good investment. According to experts, it is believed that Chainlink’s is making its way to growth. Chainlink made its way ahead in the competition beating other cryptocurrencies. In terms of the partnership, growth percentage, and more, Chainlink has shown tremendous development. It may offer substantial returns and profits. It is a good investment in both short-term and long-term investments.
Chainlink is safe to use for its users. Moreover, the users must keep a strong password to avoid any hassle from online hackers.
Let’s follow through a step-by-step guide on how to buy Chainlink
Step 1: Register on CoinBase
The user has to sign up for cryptocurrency exchanges. Before funding any trades, you have to register for an account.
To start the process, you need to input your email ID, password, and location. Furthermore, you have to make sure to include a strong password to protect your account from hacking. Eventually, follow the next steps to complete your identity verification.
You can register on exchanges such as Binance, Kraken, and CEX.io that provides Chainlink as well.
Step 2: Select Buy Or Sell Crypto Option
After your verification, you have to select the ‘Buy/Sell’ option on the menu. Then, you have to choose ‘Ethereum. Also, then mention how you want to link to purchase and then eventually select the ‘Buy’ option. Then confirm your purchase.
Step 3: Withdraw Tokens To Hardware Wallet Like Ledger
When you buy your Chainlink tokens, then you need to move them to exchange into your wallet. It will protect your tokens. To implement it, you need to find your LINK wallet address. Then, send your tokens to that address for exchange. Through, this way you will have control over your LINK. Move it to any non-custodial wallet like Argent Wallet or Metamask wallet or MyEtherwallet or MyCrypto Wallet. And it will keep it safe from hackers and online scammers.
The user can buy LINK tokens from certain cryptocurrency exchanges. Best cryptocurrency exchanges are mentioned below:
- Coinbase Pro
- Binance Com
- Binance US
If you like to automate your Chainlink trading on Crypto exchanges, then learn to develop a crypto trading bot. If you think you lack the technical expertise, then choose the best crypto bots from the market available ready for you.
Chainlink prices will go high. In one year’s term, the Chainlink crypto price prediction will go up to 41.87 USD.
According to today’s algorithm, it suggests that the Chainlink crypto price prediction will go up tomorrow.
The current Chainlink price is approx $25.8. However, it is not expected anytime soon that Chainlink price prediction will hit $1000. Chainlink may reach $1000 by 2030.
Bitcoin, the first cryptocurrency ever created has restricted its offer to transfer of value. On the other hand, Chainlink has additional advantages that contribute to its long-term success. Chainlink provides the platform for the blockchain that would help to interact with real-world data.
Furthermore, with the data available, smart contracts can be operated available on the blockchain. It further manages the information with the underlying technology. So, Chainlink has more perks and advancements than Bitcoin.
Connecting real-world data with blockchain, Chainlink has unlocked incredible possibilities. Chainlink continues to grow and add value to the cryptocurrency ecosystem. Based on the positive progress, Chainlink will surely stand strong in terms of growth and prices.
I am a data analyst by profession who loves to crunch numbers at daytime and come home wondering how my passive income numbers for the day look like. I believe in being rich rather than looking rich. Follow me for Cryptocurrency, FIRE, Personal Finance, Credit Cards and Digital Nomad updates