LINK Price Analysis January 2022
LINK is a token of platform Chainlink. Its current price is around $21.80 by writing, with a low of $13.42 in 2021, and has a market cap of 10.1 billion dollars.
What is Chainlink?
Chainlink is a decentralized oracle that provides smart contracts to securely access off-chain data feeds, web APIs, and traditional bank payments. Sergey founded it in 2017. Chainlink is a project based on blockchain that aims to provide system-wide interoperability between different blockchain networks and connect smart contracts across different blockchains, enabling data and value transfers among them.
It enables different blockchain networks to each other and allows them to exchange data by creating a bridge between different parties by connecting smart contracts to external data sources. Chainlink uses off-chain data feeds and oracles to provide real-time updates from external systems into the blockchain. It lets one smart contract access the vast amount of data available on other blockchains.
What is LINK?
LINK is the coin of the Chainlink platform, which is around $21.80 by the time of writing, with a low of $13.42 in 2021. Its current ranking is #21 according to CoinMarketCap, with a market cap of 10.1 billion dollars.
It reached a high of $52.88, with a low of $13.42. The LINK network is an open-source project that uses blockchain to simplify sending, storing, and managing decentralized digital files. LINK is the token that powers the Codex Protocol.
LINK Coin Market Analysis
It has a max supply of 1,000,000,000 coins worth around $21.80 with a market volume of 1 billion dollars, whereas the market capitalization is 10.1 billion dollars at writing.
LINK Price Prediction
On the 1D timeframe, LINK has formed out the Double bottom on a daily timeframe where the price action broke out the neckline but didn’t retest successfully, and the structure is building up the Head and shoulder pattern. So let’s wait for further price action.
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Here are some of the best exchanges to buy LINK in 2022.
Nothing in this article is financial advice, and you should only invest in the market you believe is suitable for your portfolio.