In the re­alm of decentralized finance­ (DeFi) coins, Chainlink holds a prominent position as it is ranked #3. Within the­ Ethereum (ERC20) Tokens se­ctor, it has achieved an impressive­ rank of #6. These rankings demonstrate­ Chainlink’s significant influence and standing in the cryptocurre­ncy landscape. Chainlink launched the LINK token ICO in September 2017 with 35% of what is a pro forma operating budget the total supply of one billion.

1. The ease of use and its functionality make Chainlink an attractive investment opportunity for cryptocurrency traders.
2. Please don’t interpret the order in which products appear on our Site as any endorsement or recommendation from us.
3. Our information is based on independent research and may differ from what you see from a financial institution or service provider.
4. For more sophisticated investors Kraken also offers futures and margin trading.

Recommended Crypto Wallets for Chainlink

With the abovementioned factors working in Chainlink’s favor, the currency was poised as a highly well-performing cryptocurrency for the following year. However, the recent developments in the crypto space have upended much of this belief. People and experts have a realistic take on this asset – which would dictate our Chainlink price prediction for 2023. Every cryptocurrency carries hazards, and this is especially true for Chainlink (LINK).

Next, proceed to select LINK as the asset that you want to purchase by clicking on the [To] field. Use the search feature or scroll down to the cryptocurrencies section to locate the Chainlink (LINK) option. However, given the ease of use for more CEX platforms, they present a good compromise, especially for beginners to cryptocurrency investment.

Where to buy Chainlink’s LINK tokens

Simply put, a trade of $100 can be made through an account with a balance of only $50. Capital.com not only offers to buy Chainlink (LINK), but investors can also try to short-sell if they think its price will decline or consider that Chainlink (LINK) is overvalued. Finder.com is an independent comparison platform and information service that aims to provide you with information to help you make better decisions. We may receive payment from our affiliates for featured placement of their products or services. We may also receive payment if you click on certain links posted on our site. Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency.

Regardless of the direction in which asset values move, robots outperform humans during periods of substantial market volatility. This is because they rely on trading strategies to generate profits even when the market is down. Another popular leverage trading platform for altcoins is CryptoRocket. They don’t currently support LINK but so support ETH, DOGE, XRP, LUNA, and more, so we could expect them to list LINK soon. CFD trading requires more than just buying and selling; it also entails agreeing to exchange the difference in the price of an asset when the contract is opened and when it expires. There are always numerous options, from bank transfers to credit cards to payment processors.

This represents an over 200X from the ICO price to Chainlink price today. Chainlink has had rapid price movements compared to other cryptocurrencies in the past few years. The price of a Chainlink token reached an incredible all-time high of $52.88 in May 2021 and has since fallen significantly due to the crypto market crash. This is why you need to know how to sell to close your positition as well as how to buy Chainlink. Mass crypto adoption will catch up in 2025, but that rise in interest won’t be linear but sudden. Major innovations will take hold of the project by 2025, and more networks will partner up with it.

The ongoing incre­ase in LINK’s price refle­cts the project’s strategic growth initiative­s. These include Ne­twork Monetization, the Chainlink Cross-Chain Interope­rability Protocol (CCIP), and ambitious scaling efforts. Together, the­se endeavors have­ the potential to drive up its marke­t value. Chainlink (LINK) has expe­rienced a significant resurge­nce in 2023, following a bearish 2022. Its value has surge­d by 27% since the start of the ye­ar, aided by strong support from Bitcoin, the dominant cryptocurrency. Furthe­rmore, Chainlink has maintained a steadfast position above­ the $7 mark.

That sentiment flowed into other assets, which continued to pump Chainlink and get it closer to $10. The rationale for this is that Ethereum’s blockchain cannot use real-world data, separating it and limiting its potential use cases. Chainlink connects the real world to the Ethereum network, making it useable for enterprises and institutions outside the crypto space. Chainlink’s involveme­nt in these ende­avors showcases the growing recognition of blockchain te­chnology’s transformative potential in traditional finance. His emphasis on this pivotal role highlights the­ significance of Chainlink’s contribution to the industry. In a significant strategic move­, Chainlink has partnered with the Socie­ty for Worldwide Interbank Financial Tele­communication (SWIFT) and a consortium of major financial institutions.

Pros & Cons of the KuCoin platform:

On September 28, 2017, the Binance exchange listed the LINK/BTC and LINK/ETH trading pairs. We update our data regularly, but information can change between updates. Confirm details with the provider you’re interested in before making a decision. Whether products shown are available to you is subject to individual provider sole approval and discretion in accordance with the eligibility criteria and T&Cs on the provider website.

Buy ChainLink (LINK) on KuCoin in Four Simple Steps

Part of this is because it supports credit and debit card purchases as well as traditional bank account transfers. It doesn’t offer a huge range of cryptos but it does have most of the top coins like Bitcoin, Ethereum, Dogecoin, Chainlink and more. Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in to help you choose the one that’s right for you.

It also has customizable transaction speeds and limitless wallet addresses on a single device. When it comes to volatility, LINK, like every other crypto asset, is no exception. It all comes down to how well a cryptocurrency asset manages its highs and lows. Chainlink has diligently launched products and developments on schedule and has continually grown. LINK price projection is certain to win all seasonal battles, racing ahead with $150 by the end of 2025, a never-before-seen surge. The major risk is in the possibility of Chainlink (LINK) price falling off the cliff or the asset becoming worthless.

If you invested $4,062,307 in Bitcoin on July 21, 2021, and sold it today, you would receive $2,025,470, or a 49.86 percent return on capital over 90 days. Users can also long or short Bitcoin to profit from its price movements. Bitcoin futures offer a popular option for advanced traders to generate leveraged returns through minimum base capital. However, great profits often come with great risks, and you must exert proper risk management to reduce the risks of losses in the volatile crypto market.

From humble beginnings, Kraken now offers over 200 digital assets including Chainlink (LINK). For more sophisticated investors Kraken also offers futures and margin trading. Bitcoin has emerged as a widely accepted payment method across various businesses, opening up a world of possibilities for its users. In addition to trading cryptocurrencies on exchanges, BTC’s Lightning Network enables seamless online and offline transactions for goods and services. With LINK staking, Chainlink intends to bring a new layer of “crypto economic” security to the oracle network. The Chainlink Network is driven by a large open-source community of data providers, node operators, smart contract developers, researchers, security auditors and more.

Chainlink (LINK) is an interoperability-focused blockchain network that aims to connect off-chain resources, applications, and data to blockchain ecosystems. Designed to facilitate interoperability between smart contract and real-world data, Chainlink makes it possible to authenticate and verify data for on-chain use. The steady growth of Chainlink has urged eager crypto traders to invest. Don’t miss your chance to grow your digital assets by putting your money behind Chainlink. Due to these robust features, Chainlink provides enterprises and governments with numerous ways to leverage the benefits of blockchain technology.