Chainlink is up 15% today, bringing LINK closer to the $35 mark.
Chainlink (LINK) managed a 15% gain Monday morning, with the $35 price point now in sight. LINK has now broken a multi-month consolidation band below $30, and looks set to revisit prices not seen since the May crypto crash. Persistent interest could lead to an exponential rally, if the current vertical price gradient is any indication.
Read on for more information on Chainlink, as well as links to the best sites to buy LINK.
Where and how to buy Chainlink in the UK and elsewhere?
Chainlink can be purchased on a wide range of online platforms. Regulated trading platforms and crypto brokers are everywhere these days, so we’ve shortlisted two of the most reliable ones below to help you get started. Sign up and verify your account before making a deposit, and you can start trading as soon as the funds arrive in your account.
Avoid unregulated platforms, including decentralized exchanges, if you are not comfortable trading. These platforms are for experienced users only, as they are not regulated and are not held to the same standards as licensed platforms.
eToro is one of the leading trading platforms when it comes to investing in crypto assets. Packed with features including copy trading, advanced technical charts and a wide range of trading tools, eToro’s platform is ideal for beginners and pros alike.
Pepperstone was founded in 2010 in Melbourne, Australia by a team of experienced traders with a common commitment to improving the world of online trading. Frustrated by delayed executions, expensive pricing and poor customer support, they set out to provide traders around the world with superior technology, low cost spreads and a genuine commitment to help master trading. Their mission is to create a tech-savvy trading world, where ambitious traders can embrace the challenge and opportunity of global markets.
What is Chainlink?
Chainlink is a very special type of crypto-currency project, and is referred to as an “oracle”. This means that the Chainlink network essentially acts as an intermediary between other blockchains (e.g. the Ethereum blockchain) and off-blockchain data, such as price feeds. The decentralized nature of Chainlink means that the data it provides is difficult to interfere with, making theChainlink’s data flows are highly secure and reliable compared to centralized oracles, which are vulnerable to single points of failure.
Chainlink has been instrumental in the operation of several highly successful dApps (decentralized applications), including leading decentralized financial protocols like Aave. The price data provided by Chainlink is the backbone of these applications, and their operation is highly dependent on the validity of this data.
Should I buy LINK today?
Chainlink has assembled an army of dedicated supporters, calling themselves “Link Marines”, and perhaps this is no surprise given the obvious practical applications Chainlink has already proven worthy of. LINK pulled off a huge rally in May, and potential investors may be interested to know that today’s price has not been seen since before the crash. This could be a sign of good things to come.
Several analysts in the field have predicted a price above $100 for Chainlink by the end of 2021, so now could very well be an excellent time to buy LINK.