









Markets
/
Cryptocurrencies
/
chainlink
/

Chainlink

Q: 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.

LINKUSD



View Detailed Chart

24.126USD

+0.138+0.58%

Time

15m

30m

Today

+0.58%

5 Days

+8.46%

1 Month

+8.55%

6 Months

+86.88%

Year to Date

+12.98%

1 Year

+113.01%

View Detailed Chart

Key Data Points

Opening Price

23.899

Previous Closing Price

23.988

Price Range of the Day

23.67124.156

52-Week Price Range

0.00024.126

Indicators



The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.

This feature includes nine of the commonly used technical indicators: MACD, RSI, KDJ, StochRSI, ATR, CCI, WR, TRIX and MA. You may also adjust the timeframe depending on your needs.

Please note that technical analysis is only part of investment reference, and there is no absolute standard for using numerical values to assess direction. The results are for reference only, and we are not responsible for the accuracy of the indicator calculations and summaries.

15m

30m

15m

D

Buy

Sell(2)

Neutral(3)

Buy(8)

Indicators

Sell(2)

Neutral(3)

Buy(2)

Indicators

Value

Direction

MACD(12,26,9)

0.099

Buy

RSI(14)

55.630

Neutral

STOCH(KDJ)(9,3,3)

68.773

Neutral

ATR(14)

1.008

Low Volatility

CCI(14)

68.507

Neutral

Williams %R

33.699

Buy

TRIX(12,20)

0.123

Sell

StochRSI(14)

11.298

Sell

Moving Average

Sell(0)

Neutral(0)

Buy(6)

Indicators

Value

Direction

MA5

24.338

Buy

MA10

23.423

Buy

MA20

23.285

Buy

MA50

21.957

Buy

MA100

18.307

Buy

MA200

16.269

Buy

Chainlink News

Sei Price Forecast: Chainlink Data Streams launch on the SEI network

Sei (SEI) price extends its gains, trading above $0.325 at the time of writing on Thursday after rebounding over 10% from its key support level so far this week.

FxstreetThu, Sep 11

Chainlink Price Forecast: LINK eyes 18% breakout after Grayscale ETF filing

Chainlink (LINK) is trending higher, exchanging hands above $23.00 on Monday, buoyed by news that Grayscale has filed with the United States (US) Securities & Exchange Commission (SEC) to launch a LINK exchange-traded fund (ETF).

FxstreetMon, Sep 8

Fed to Host Payments Innovation Conference on October 21 — RWA, AI, and Stablecoins in the Spotlight

On October 21, the Federal Reserve will convene a Payments Innovation Conference to discuss three key topics — stablecoins, tokenization of real-world assets (RWA), and artificial intelligence (AI). Crypto tokens and equities tied to these themes could be in line for a boost.

TradingKeyThu, Sep 4

Chainlink Price Forecast: LINK hovers around $23 as AUM hits $137 million

Chainlink (LINK) extends its consolidation above its short-term support level at $23.00 as the broader cryptocurrency market remains in a risk-off sentiment. The oracle token exchanges hands 16% below the August peak of $27.85, reflecting the impact of macroeconomic uncertainty.

FxstreetMon, Sep 1

Chainlink Price Forecast: LINK surges on Department of Commerce partnership to bring economic data on-chain

Chainlink (LINK) is up nearly 4% on Thursday after announcing a partnership with the US Department of Commerce (DOC) to launch six economic data points across ten blockchains, including Ethereum, Avalanche and Solana.

FxstreetThu, Aug 28

Chainlink eyes $30 breakout as Bitwise files to launch LINK ETF

Chainlink (LINK) price extends recovery following three consecutive days of declines. The oracle network token is up over 2% to exchange hands above $23.00 on Tuesday, buoyed by positive sentiment after digital asset manager, Bitwise, filed to launch a LINK spot Exchange Traded Fund (ETF).

FxstreetTue, Aug 26

More Details of 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.