ChainLink (LINK) is an open-source decentralized cryptocurrency. Chainlink technology is based on the software that helps to connect smart contracts to external resources in different networks. This is provided by safe oracles for Bitcoin and Ethereum.
The ChainLink team consists of 2 people: director Sergei Nazarov, and technical director Steve Ellis. In addition, ChainLink has great advisors: blockchain technology specialist Ari Juels from Cornell University, Hudson Jameson, a senior executive in the Ethereum community, and Andrew Miller contributor to the Zcash and Tezos projects.
The ICO was organized on September 19, 2017, and the $32 million fundraising goal was achieved. Back then, Chainlink ICO price was $0.11 (ETH was accepted as the only means of payment), and the ROI achieved x15 in USD, x26 in ETH, and x6 in BTC. Today, Chainlink price is $2.07, and it’s the 16th coin in the Top cryptocurrencies of the world.
Chainlink Coin Fundamental Value
To enable the mutual integration of cryptocurrency technologies and traditional software of any organization, it is necessary to provide a link between the cryptocurrency infrastructure element and dozens of third-party points. This connection is provided by the oracles, software that forms a kind of channel between the parties to the contract. This channel exchanges data according to the rules that are specified in the contract.
ChainLink has developed a technology that forms such channels between different data providers through the blockchain technology. The team created oracles that ensure the implementation of a smart contract between the crypto infrastructure and third-party sources of information. Such networks are not regulated by anyone or anything other than a smart contract and are essentially decentralized.
The network formed by ChainLink consists of levels:
- Off-chain. It is a subnet of oracle nodes that collect information from third-party sources – databases, APIs, and so on. The oracles work independently from each other in accordance with the given metrics.
- On-chain. Responsible for selecting oracles that match the smart contract.
ChainLink allows all network operators to earn with their own token – LINK. Participants receive a certain amount of coins as a reward for using smart contracts with ChainLink oracles. One way to become the owner of LINK is to incorporate this network into your business.
For investors, there is a simpler way – to buy currency on cryptocurrency exchanges. LINK currency pairs are actively traded on Binance, Bitrue, and Huobi, and ChainLink is also traded on OKEx, FCoin, and many other exchanges.
|Asset Type||Utility token|
|Consensus Protocol||Proof-of-Concept with SWIFT (being developed)|
|Curr. Supply / Total Supply||350,000,000 / 1,000,000,000 LINK|
|ROI since launch||1,026.62%%|
|Launch date||September 21, 2017|
Chainlink (LINK) Coin Price History
2018 was the year of fall and growth for Chainlink coin price. As we remember, 2018 started with a major bull run, so many altcoins were at the peak of their price value – LINK wasn’t an exception. Then, a huge downtrend followed, which erased billions of dollars of market cap for many crypto projects.
Not all of them recovered from the bearish period, but Chainlink price got to the previous level. Look at the right side of Chainlink price chart 2018: the rise might be connected with the launch of the first dApps on Chainlink blockchain, and listing on BITBOX and other exchanges.
2019 became very successful for Chainlink (LINK) Coin. The price of one LINK coin was $0.3 on Jan 1, 2019. The rate began to grow in May and reached the first peak on May 25, 2019, with the price $1.13.
The Chainlink price reached the peaks twice more this year. On June 29th, LINK got the ATH price of $4.54. The grow was connected with the release of Chainlink on Ethereum mainnet.
In October, the price rose again and reached $2.84 due to the partnership with Binance.
Chainlink Technical Analysis
Let’s check the technical analysis of ChainLink on TradingView:
Chainlink Popularity Trend / Community Reputation
The crypto community values Chainlink projects because people see the team working tight-tipped on their project. Look at this tweet:
Indeed, Chainlink manages to outperform their competitors in terms of productivity, so their popularity and authority are undeniable.
Chainlink manages to overcome all difficulties, so it’s not surprising that the altcoin survived through bearish periods in 2018 and 2019.
As we see in the trend analysis, Chainlink was highly popular in July 2019. It’s explained by the Chain LINK price skyrocketing from $0.289 at the beginning of the year to a peak of $4.14 in summer 2019.
Influencers Projections / Opinions / Views on Chainlink
Although the crypto market is highly volatile and hasn’t escaped from the bear’s grip yet, the forecast for Chainlink price is highly optimistic. It’s not likely for the coin to dump to $1 level because it has already survived through the worst.
Here’s what people think about it:
Don’t forget that Chainlink is also supposed to be a great long-term investment:
As for predictions on websites providing Chainlink price analysis, numbers seem to be closer to reality. For instance, while Trading Beasts and WalletInvestor are being too pessimistic ($0.3-0.7 by the beginning of 2020, Coin Fan gives Chainlink coin price prediction of $3.18.
Chainlink (LINK) Price Prediction in 2020 and 2025
#1. WalletInvestor Chainlink (LINK) Price Prediction
LINK is an awesome long-term (1-year) investment. The ChainLink price can go up from 2.080 USD to 5.020 USD in one year. The long-term earning potential is +141.33% in one year. The ChainLink (LINK ) future price in 2024 will be 16.491 USD.
According to present data ChainLink (LINK) and potentially its market environment has been in a bullish cycle in the last 12 months.
#2. Chainlink Price Predictions by Crypto-Rating
Chainlink price will be at $2.48 in 1 week and $3.44 in 1 month. Analysis of the cryptocurrency market shows that Chainlink price may reach $7.37 by 1st of June 2020 driven by the potential interest from large institutional investors and more regulation expected in the field of digital currencies.
The system predicts that LINK will stay around $7.37 in 2020, $7.78 in 2021, $8.92 in 2022 and $9.92 in 2023.
#3. DigitalCoinPrice Price Forecast for Chainlink in 2020
Chainlink (LINK) price will increase. Chainlink (LINK) is a profitable investment. The price of 1 Chainlink (LINK) can roughly be up to $1.88 USD in 1 years time a 1X nearly from the current Chainlink price.
#4. TradingBeasts Price Prediction for Chainlink in 2020-2022
The Chainlink price is forecasted to reach $1.92846. The expected maximum price is $2.43788, minimum price $1.65776. The Chainlink price prediction for the end of the month is $1.95030.
In 2021, Chainlink price can be $2.05409. In 2022, the LINK won’t change a lot. Only $2.23177 for a coin.
What to expect from Chainlink Price in 2020?
Considering how easily Chainlink overcomes the bearish market, it’s not likely that the coin will lose in price considerably.
When it comes to Chain link price prediction 2020, things are getting more difficult to forecast. Generally, Chainlink is being developed by seven-league steps, so it can easily overcome the level of $5-10 during this year. The value is being accumulated, so is the price.
Is Chainlink a Good Investment?
Chainlink is still a new cryptocurrency so its price is volatile and depends on the price of Bitcoin.
Where And How to Buy Chainlink Crypto?
It is easy to buy LINK coin on many platforms. If you want to buy LINK cryptocurrency anonymously using your credit card (USD, EUR, GBP), you can use the Changelly platform.
Will Chainlink Hit $1000?
Nowadays this scenario with LINK crypto is not really possible.
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