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Chainlink (LINK)

Chainlink (LINK)

The price of Chainlink is $17.52, a -7.82% change over the last 7 days. Learn more about Chainlink’s price history, how it works, and how to invest.

By:
Updated: Aug 5, 2024
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Overview
Markets
Historical Data
Price Statistics
Advanced chart
Technical analysis
Chainlink price today
24h Change -$0.71
24h High $19.77
24h Low $18.11
Market cap $11.18B
Trading Volume (24h) $536.04M
Market Dominance 0.36%
Market Rank #11
Circulating Supply 638.10M
Max Supply -

Chainlink markets

Spot Derivatives OTC
# Source Pairs Price +2% Depth -2% Depth Volume Updated
1
Binance Binance
LINK/USDT $17.87 $1,563,974.29 $2,052,132.29 81,019,318 Recently
2
Coinbase Exchange Coinbase Exchange
LINK/USD $17.88 $627,126.16 $1,046,785.79 31,590,610 Recently
3
Binance Binance
LINK/BUSD $16.09 $175,612.45 $327,455.14 1,484,285 Recently
4
Binance Binance
LINK/BTC $17.86 $178,528.99 $310,055.94 1,819,681 Recently
5
KuCoin KuCoin
LINK/USDT $17.87 $355,741.08 $436,989.51 8,495,318 Recently
6
Kraken Kraken
LINK/USD $17.89 $760,361.46 $824,834.19 13,674,751 Recently
7
Binance Binance
LINK/ETH $17.87 $18,779.37 $66,809.57 1,229,734 Recently
8
Coinbase Exchange Coinbase Exchange
LINK/BTC $17.88 $39,874.65 $39,143.89 119,148 Recently
9
Bithumb Bithumb
LINK/KRW $18.63 $42,620.57 $91,799.11 3,373,192 Recently
10
Bitstamp Bitstamp
LINK/EUR $17.83 $75,851.08 $125,216.77 507,392 Recently
1
Binance Binance
LINK/USDT $17.87 - - 387,482,725 Recently
2
Binance Binance
LINK/USD $17.89 - - 37,385,260 Recently
3
KuCoin KuCoin
LINK/USDT $17.86 - - 11,215,701 Recently
4
Kraken Kraken
LINK/USD $17.88 - - 2,732,084 Recently
5
Deribit Deribit
LINK/USDC $17.81 - - 97,990 Recently
6
dYdX dYdX
LINK/USD $11.11 - - 22 Recently
7
BitMEX BitMEX
LINK/USD $17.80 - - 600,880 Recently
8
Bybit Bybit
LINK/USDT $17.86 - - 128,071,985 Recently
9
Huobi Huobi
LINK/USDT $6.27 - - 11,805,938 Recently
10
OKX OKX
LINK/USDT $17.88 - - 80,889,366 Recently
No data found
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The LINK price is currently $17.52. The price of Chainlink is -22.50% over the last 30 days. You can use the live Chainlink chart to track the LINK/USD price in real time above, or compare the Chainlink value today to its past performance using the Chainlink price history tab at the top of this page.

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Chainlink price predictions and forecasts are tricky, because crypto is such a fast-moving industry and new trends can explode very quickly.

However, you can use previous price trends, along with fundamental and technical analysis to make estimates about how Chainlink might perform in the future.

For example, if you look at overall market trends in previous years, compared with how the Chainlink price has risen or fallen in response, you can begin to understand how the Chainlink market reacts to external pressures.

Alongside the LINK price chart and updates to the Chainlink technology, uptake, or development, these factors help you make a Chainlink price forecast for the next few months and years.

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The circulating supply is 638,099,970.45 LINK, out of a total maximum supply of 0.00 LINK.

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Chainlink is a bridge that links blockchain platforms to real-world data. Contracts created on the blockchain often rely on up to date information, like stock market prices or exchange rates, and Chainlink uses a network of individuals to source it. The LINK cryptocurrency is used to pay for this data and as a reward to those who provide it.

The blockchain features a lot of ‘smart contracts’: binding contracts that are triggered by a certain condition. An example might be a contract to sell a stock if it’s price hits £100. For this to work, the stock price data needs to be accurate at all times, which is where Chainlink comes in.

Formed in 2017, it’s already widely used in the realm of decentralised finance. Two leading platforms, Yearn Finance and AAVE, were early adopters. As was Google, which uses it to create crypto data sets.

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Chainlink works by using groups of individuals instead of a central search engine. These users are known as ‘oracles’, and put up their computing power to respond to a data request as soon as it’s made. They stake LINK as collateral on the reliability of the information and assuming it meets expectations, they’re paid a fee.

The whole process involves a series of contracts stored on Chainlink’s own blockchain, and at the end, each oracle is given a rating based on how well it met the brief. The higher score, the better, and as only the ones with the top scores are chosen for future searches, it incentivises the best possible performance.

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You can buy Chainlink on either a centralised cryptocurrency exchange (CEX) or decentralized exchange (DEX), depending on its availability. An exchange is a marketplace that allows you to sign up, deposit your money, and buy some crypto, just as you would with a stock trading platform.

Our guide on how & where to buy Chainlink explains step-by-step exactly how to get started with a reliable crypto exchange, or via one of the most popular decentralized exchanges.

Most cryptocurrency brokers allow you to keep the coins you buy in your account. However, you may want to sign up for a dedicated crypto wallet for some extra security.

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The simplest way to invest in Chainlink is to buy it outright. However, another option is to simply open a crypto account. Crypto accounts are like regular bank accounts and allow you to store a variety of currencies, send and receive payments, earn interest on savings, and spend freely with a credit card.

You can also invest in crypto more generally through a crypto ETF or a crypto fund. These are financial instruments that give you exposure to a group of leading cryptocurrencies, more suited to high net worth individuals.

James Knight
Editor of Education
James is the lead editor of education for Invezz. He's an avid trader and golfer, who spends an inordinate amount of time watching Leicester City and… read more.

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