With fiat currencies being in the doldrums in pandemic and economic recessions looming large on the world horizon, there has been a consistent rise in demand for digital content that is well-outlined, available at a lower cost, and the most reliable.

Most cryptocurrencies are known to be volatile, and so people apprehend trading in them. However, the cryptocurrency market has been a constant attraction to traders, individual investors, and institutional investors for quite some time and, more importantly, so in the recent pandemic scenario. The credit must be given to the hyped expectations from fiat currencies that could not stand the test of time. On the contrary, showcasing tremendous middle to long-term gains, cryptocurrencies have demonstrated a notably appreciable price movement especially Chainlink price. Let us analyze the current details of Chainlink coin and understand the Chainlink price prediction for the future.

Linking with Chainlink (LINK)

All these factors have been put in principle by one answer – the Blockchain. No wonder this is an outcome of years-long thinking, strategizing, science, and technology- all combined together. With time came cryptocurrencies on the digital road-map with date-set milestones and then manifested genesis of LINK.

Chainlink Overview

Cryptocurrency Chainlink
Ticker Symbol LINK
Price $7.41
Price Change 24 hours +9.64%
Price Change 7d -4.57%
Market cap $3,272,324,268
Circulating Supply 467,009,550 LINK
Trading Volume $278,568,962
All time high $52.88
All time low $0.1263
Chainlink ROI +4386.45%

In fact, that is the motto of Chainlink to ensure the investors feel safe and transact securely at a lightning-fast speed. Times have changed today. Gone are the days you needed to carry a wallet stuffed with those fiat papers and checking on them frequently, so they don’t get stolen. Carrying digital money is way better than cash as it addresses the issue of storage, portability, comfort, superfast and hassle-free transactions.

Volatility, of course, as conveyed time and again, been the apple of discord, but that holds true for any currency wherein factors stated hereinabove influence and impact an LINK’s price, Chainlink being no exception either. There are also specialists involved in the technical analysis of rates and the execution of transactions online. The cryptocurrency is capable of generating tangible income, which attracts users Chainlink community has set higher benchmarks for itself notwithstanding. Chainlink shall surpass the expectations of all cryptocurrency investors who have found this platform extremely interactive and uncomplicated.

The most comprehensible definition of Chainlink (LINK) will be that it is an oracle network that is fully decentralized, i.e., not coming under any regulatory framework, and has its primary objective well-defined to link smart contracts with data from the real world, hence the justification to the name LINK. Developed by Sergey Nazarov, with Steve Ellis as the other co-founder, the first ICO of Chainlink emerged in September 2017. It had a roaring success raising $32 million, with a total supply of 1 billion LINK tokens.

Chainlink (LINK): Linking the World

The digital asset Chainlink has a specific purpose. It is used to pay node operators as a prime cryptocurrency. Those node providers that have a large amount of LINK can be rewarded with larger contracts. On the other hand, not fetching the exact information may call for a reduction in the number of assets. LINK is also best described as “an ERC-20 token,” serving an additional purpose of transferring and calling under ERC 223. This functionality permits the receipt and process of tokens all within one individual transaction.

Following September 2017, the $32 million LINK ICO, 32 percent of LINK tokens were sent to node operators to incentivize the ecosystem, and 30 percent stayed within Chainlink for development (35 percent were sold in the public token sale). Chainlink creates an impeccable opportunistic framework wherein other virtual tokens can also be traded.

Working hard to change the world map of technology, the entire ecosystem of Chainlink ensures that participants benefit from blockchain-enabled functional advantages. Chainlink facilitates not just gains but builds hope. Backed by an enhanced decentralized accord and reinforced network, Chainlink aims to provide users the facility of also being available on alternate platforms for digital media sharing eliminating any role of intermediaries.

Chainlink removes the middlemen and all for free provides solutions directly striking an association with the customer. The entire data is cryptographically secured via blockchain while allowing creators to take entire profits. Privacy is also a nodal feature of Chainlink set to hold a benchmark for content creators and will be a tough competition for giants like Facebook, Google who sell your data, making it prone to manipulation.

In order to encourage users of Chainlink, they are also enrolled in reward programs. This facilitates smart contracts giving access to external data feeds like API information. If the participants wish to reach off-chain, they need to lodge a ticket on Chainlink’s network for complex smart contract. These contracts will match the requesting contract with the appropriate oracles. The aggregating contract gathers data of the selected oracles to find the most accurate result. Additionally allowing staking, LINK benefits node operators showing their commitment to the decentralized oracle network. Hence Chainlink acts as a major role player in reinforcing the economy, ensuring the liquidity of Chainlink.

Chainlink (LINK): Links that Bind

The network operates under a robust base of dedicated professionals and researchers contributing to the constant up-gradation and innovation process. The miracle achieved is that the investors and trader community do not run the risk of any counterfeit charge-backs. Having the foundation of ERC-20 gives Chainlink further boost as the owners are free to govern their currency without any middlemen involved.

In the process, redundant costs are eliminated, and transaction speed is trebled. Hence users are their own masters of authentication. Technological development has enabled Chainlink to be available on various devices that have only further augmented its user base. Investors have the satisfaction of accessing their LINK tokens from anywhere at any time. This ultimately makes the entire system more reliable and efficient.

Round-the-clock support offered by the back-end team makes the Chainlink platform all the more dependable. Investors are assured of their security, and any malware is trapped immediately. There are also advantages linked to hosting events, which acts for the benefit of LINK users.

Chainlink (LINK) Price History & Technical Analysis

The year 2017 marked a swing for many cryptocurrencies, with all upward spirals in place but not unfortunately for LINK. The price of Chainlink fell deeply and beyond expectations. However, the token made brief Chainlink price changes and fought back. Showing a rebound in 2020, Chainlink price wrote its history. Fortunately, it rebounded, and 2020 became one of the best years for the price of LINK.