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Chainlink
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11.832
-0.367-3.01%
TradingKey Chart
Time
1m
15m
30m
1h
4h
D
W
M
D
Today
-2.99%
5 Days
-6.61%
1 Month
+8.71%
6 Months
+25.29%
Year to Date
-2.82%
1 Year
-30.38%
Key Data Points
Opening Price
12.192Previous Closing Price
12.199Recent
Analysis
Chainlink Price Forecast: LINK regains strength on ETF inflows, whale demand
Chainlink (LINK) price is trading above $13.00 at press time on Monday, maintaining a steady recovery from Thursday’s low at $12.09.
FxstreetMon, Oct 12
Chainlink Price Forecast: Short-term correction in LINK risks a bearish reversal to $10
Chainlink (LINK) is down over 3% at press time on Wednesday, facing short-term weakness as institutional and retail demand eases.
FxstreetWed, Oct 7
Chainlink Price Forecast: LINK trims gains after CCIP 2.0 launch, Swift ledger integration
Chainlink (LINK) edges below $15.00 on Tuesday, trimming its 10% gains from the previous day, driven by the launch of its new Cross-Chain Interoperability Protocol (CCIP) 2.0 and Swift ledger integration for tokenized deposits and 24/7 cross-border payments.
FxstreetTue, Sep 29
Chainlink Price Forecast: Extends rally on rising ETF inflows, bullish derivatives and Infosys deal
Chainlink (LINK) extends its gains, trading above $13.40 at the time of writing on Friday and up more than 7% so far this week.
FxstreetFri, Sep 25
Chainlink Price Forecast: LINK hits seven-month highs amid strong DeFi, institutional demand
Chainlink (LINK) is up roughly 8% at press time on Friday, extending its rally to a seven-month high with over 20% so far this week.
FxstreetFri, Aug 21
Chainlink Price Forecast: LINK stalls near 200-day EMA following recent gains
Chainlink (LINK) faces resistance near $9.56 on Tuesday and pauses gains after rallying over 14% last week. The cautious tone is supported by weakening derivatives metrics, suggesting bullish momentum may be losing steam.
FxstreetTue, Aug 18
Chainlink Technical Analysis
Technical Indicators
Strong sell
Summary
Sell
Moving Average
Sell
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About Chainlink
Chainlink is a blockchain-based decentralized oracle network that enables smart contracts to securely access off-chain data feeds, events, and payment methods. It was founded in 2017 by Sergey Nazarov and Steve Ellis.
Chainlink is unique in that it allows the integration of off-chain data into smart contracts, which was not possible before. This has attracted many trusted data providers to the Chainlink network, who can sell access to their data directly to Chainlink users. Chainlink uses a decentralized network of node operators to power its oracle services, allowing users to participate and earn revenue by running the required data infrastructure.
One of the key features Chainlink is developing is LINK staking. This will introduce rewards and penalties to incentivize proper operation of the Chainlink network by node operators. LINK holders will be able to stake their tokens to trusted node operators, earning a yield from the network's fees and emissions. This crypto-economic security model aims to make the cost of attacking the Chainlink network's price oracle higher than any potential profits.
Chainlink has partnered with numerous blockchain projects and is powering critical oracle services for leading DeFi applications like Synthetix, Aave, and Compound. As a provider of secure and reliable off-chain data to smart contracts, Chainlink is positioned as a key infrastructure layer enabling the growth of the decentralized finance (DeFi) ecosystem.
Is Chainlink's source code public?
Yes, Chainlink's source code is public and available on GitHub. The Chainlink protocol and its core components are open-source, allowing the community to audit, review and contribute to the codebase. This transparency and openness is a key part of Chainlink's design, as it helps to build trust and confidence in the network.
How decentralized is the Chainlink Network?
The Chainlink Network is composed of multiple independent and concurrently operating decentralized oracle networks. Each decentralized oracle network consists of numerous blockchain oracles, which are run by independent node operators. These node operators are selected to retrieve and validate data from a variety of offchain sources.
The responses from the individual oracles within a decentralized oracle network are aggregated together to form a single trusted data point. This aggregated data point can then be used to trigger smart contract executions.
The decentralized nature of this approach helps to ensure the security and reliability of the data that is ultimately provided to smart contracts.
How is Chainlink's oracle solution unique?
Chainlink's oracle solution is unique in several ways:
Decentralization: The Chainlink Network is composed of multiple decentralized oracle networks, with independent node operators retrieving and validating data from various offchain sources. This decentralized approach helps to ensure the security and reliability of the data provided to smart contracts.
Connectivity: Chainlink provides smart contracts with a way to reliably connect to any external API and leverage secure offchain computations, enabling a wide range of feature-rich applications across various industries.
Middleware: As middleware between low-level blockchain protocols and external, offchain data sources, the Chainlink Network serves as an abstraction layer for data providers to easily sell their existing APIs to any blockchain network.
Flexibility: Chainlink's oracle solution is designed to be blockchain-agnostic, allowing it to be integrated with any blockchain network and support a diverse range of use cases.