Chainlink’s network of “oracles” is an intermediate software that connects smart contracts on the blockchain with the outside world. It is thanks to this project that smart contracts can be implemented and become a full-fledged alternative to traditional written contracts.
Chainlink (LINK) Cryptocurrency
A LINK token was created for Chainlink network operation. To ensure this, Ethereum blockchain was selected. Yes, LINK is an ERC20 token. The logic of the project gives reason to believe that it will remain so. And this is absolutely justified, because Chainlink is not the usual blockchain platform. LINK crypto is used for settlements between users and payment of commission fees. Note that parties of smart contracts are not required to use the company’s cryptocurrency for settlements. Chainlink makes it possible to use even fiat currencies.
Where To Buy Chainlink?
Those who wants to trade LINK have a wide choice for it. Most trading volumes are at Binance, Huobi, and OKEx. You can also buy the crypto at Mercatox, Gate.io, and some other exchanges. If you want to catch the most attractive price, buy the coin on Binance. More than 70% of trading volumes are concentrated there.
On September 19, 2018, the coin was also listed on Bithumb. Bit we don’t know whether it will be very popular there or not.
Chainlink (LINK) Price Forecast
Like all altcoins, Chainlink has been suffering from price decrease since the beginning of 2018.
September 19, 2018, the crypto showed good growth, but it was only a situational pump caused by the listing on Bithumb. But, on the other hand, the build-up of volumes against the background of news about the listing indicates the interest of the community in the crypto.
There are a number of factors on which the further price of the crypto will depend.
- The project is functioning and is in demand.
- The project is relevant today and will remain relevant for a long time.
- The coin has already shown good stability.
- The project cooperates with the banking system and allows the use of fiat.
- Bearish trends in the Cryptocurrency market.
- The emergence of competitors.
- Slowdown in the development of the project.
We believe that the coin has all the reasons for further growth. You can see or price predictions in the table below.
|Period||Chainlink (LINK) Price Prediction|
|Winter 2019||$ 0.7|
Disclaimer: We analyze projects, their advantages and disadvantages and draw subjective conclusions. Our forecast is our estimate and cannot serve as a guide for financial investments.