19

Rank

Chainlink, LINK

$8.13 ( -4.23% )

Market Cap

$3 822 801 578

24 Hour Volume

$201 066 874

Available Supply

470 099 970

Chainlink / US Dollar Chart, LINK/USD ()


Open price: 0.0
High price: 0.0
Average price: 0.0
Close price: 0.0
Low price: 0.0
Change: 0.0%

#
Exchange
Pair
Volume
Volume (%)
1.
LINK/USDT
36 463 079 USD
17.58 %
2.
LINK/USD
19 425 966 USD
9.36 %
3.
LINK/USDT
16 180 299 USD
7.80 %
4.
LINK/USDT
13 875 641 USD
6.69 %
5.

AAX AAX

LINK/USDT
13 201 393 USD
6.36 %
6.
LINK/USDT
12 011 215 USD
5.79 %
7.
LINK/BUSD
11 794 605 USD
5.69 %
8.
LINK/USDT
6 902 787 USD
3.33 %
9.

FTX FTX

LINK/USD
6 552 585 USD
3.16 %
10.
LINK/USDT
6 528 922 USD
3.15 %
11.
LINK/USDT
6 362 869 USD
3.07 %
12.
LINK/ETH
5 919 650 USD
2.85 %
13.
LINK/USDT
5 196 367 USD
2.50 %
14.
LINK/USDT
5 158 941 USD
2.49 %
15.
LINK/KRW
4 588 913 USD
2.21 %
16.
LINK/USDT
3 627 850 USD
1.75 %
17.
LINK/USDT
3 626 428 USD
1.75 %
18.
LINK/BTC
2 784 145 USD
1.34 %
19.
LINK/BTC
2 419 286 USD
1.17 %
20.
LINK/ETH
2 099 199 USD
1.01 %
21.
LINK/USDT
2 006 473 USD
0.97 %
22.
LINK/ETH
1 676 942 USD
0.81 %
23.

AAX AAX

LINK/BTC
1 059 922 USD
0.51 %
24.
LINK/KRW
954 607 USD
0.46 %
25.
LINK/USDT
941 919 USD
0.45 %
26.
LINK/USDT
877 132 USD
0.42 %
27.

FTX FTX

LINK/USDT
776 993 USD
0.37 %
28.
LINK/USDT
766 578 USD
0.37 %
29.
LINK/BTC
756 197 USD
0.36 %
30.
LINK/XRP
639 687 USD
0.31 %
31.
LINK/USDT
636 888 USD
0.31 %
32.
LINK/USDT
624 928 USD
0.30 %
33.
LINK/USDT
588 839 USD
0.28 %
34.
LINK/BTC
562 648 USD
0.27 %
35.
LINK/USDC
547 375 USD
0.26 %
36.
LINK/BTC
520 154 USD
0.25 %
37.
LINK/EUR
459 522 USD
0.22 %
38.
LINK/BTC
441 794 USD
0.21 %
39.
LINK/BTC
412 931 USD
0.20 %
40.
LINK/USDT
405 797 USD
0.20 %
41.
LINK/USDT
394 910 USD
0.19 %
42.
LINK/EUR
375 506 USD
0.18 %
43.
LINK/BTC
363 358 USD
0.18 %
44.
LINK/ETH
356 157 USD
0.17 %
45.
LINK/KRW
344 683 USD
0.17 %
46.
LINK/ETH
315 357 USD
0.15 %
47.
LINK/USDT
297 524 USD
0.14 %
48.
LINK/TRY
290 378 USD
0.14 %
49.
LINK/USD
273 921 USD
0.13 %
50.
LINK/BTC
256 729 USD
0.12 %
51.
LINK/TRY
220 504 USD
0.11 %
52.
LINK/BTC
209 771 USD
0.10 %
53.
LINK/GBP
195 414 USD
0.09 %
54.
LINK/BTC
183 723 USD
0.09 %
55.
LINK/UQC
168 905 USD
0.08 %
56.
LINK/USDT
167 891 USD
0.08 %
57.
LINK/ETH
165 157 USD
0.08 %
58.
LINK/USDC
156 642 USD
0.08 %
59.
LINK/BTC
150 733 USD
0.07 %
60.
LINK/BTC
142 568 USD
0.07 %
61.
LINK/ETH
116 613 USD
0.06 %
62.
LINK/GBP
114 465 USD
0.06 %
63.
LINK/BTC
112 932 USD
0.05 %
64.
LINK/USDT
101 556 USD
0.05 %
65.
LINK/THB
95 814 USD
0.05 %
66.
LINK/USDT
94 891 USD
0.05 %
67.
LINK/USDT
93 940 USD
0.05 %
68.
LINK/USD
83 843 USD
0.04 %
69.
LINK/ETH
81 006 USD
0.04 %
70.
LINK/BTC
79 390 USD
0.04 %
71.
LINK/BTC
78 370 USD
0.04 %
72.
LINK/BTC
76 186 USD
0.04 %
73.

FTX FTX

LINK/BTC
72 173 USD
0.03 %
74.
LINK/ETH
65 094 USD
0.03 %
75.
LINK/ETH
61 384 USD
0.03 %
76.
LINK/USDT
59 486 USD
0.03 %
77.
LINK/BRL
57 984 USD
0.03 %
78.
LINK/BTC
52 953 USD
0.03 %
79.
LINK/USDF
52 660 USD
0.03 %
80.
LINK/ETH
49 322 USD
0.02 %
81.
LINK/AUD
48 736 USD
0.02 %
82.
LINK/ETH
36 357 USD
0.02 %
83.
LINK/USD
35 758 USD
0.02 %
84.
LINK/VET
34 066 USD
0.02 %
85.
LINK/ETH
31 043 USD
0.01 %
86.
LINK/BTC
30 600 USD
0.01 %
87.
LINK/ETH
28 401 USD
0.01 %
88.
LINK/USDT
27 955 USD
0.01 %
89.
LINK/BTC
20 871 USD
0.01 %
90.
LINK/ETH
18 674 USD
0.01 %
91.
LINK/HUSD
16 958 USD
0.01 %
92.
LINK/ETH
16 775 USD
0.01 %
93.
LINK/USDT
16 678 USD
0.01 %
94.
LINK/TUSD
16 187 USD
0.01 %
95.
LINK/BTC
15 673 USD
0.01 %
96.
LINK/BTC
11 933 USD
0.01 %
97.
LINK/ETH
8 703 USD
0.00 %
98.
LINK/KCS
5 147 USD
0.00 %
99.
LINK/BTC
5 098 USD
0.00 %
100.
LINK/WRX
3 465 USD
0.00 %
101.
LINK/BUSD
3 327 USD
0.00 %
102.
LINK/BTC
2 214 USD
0.00 %
103.
LINK/INR
1 921 USD
0.00 %
104.
LINK/UAH
766 USD
0.00 %
105.
LINK/USDT
702 USD
0.00 %
106.
LINK/EUR
663 USD
0.00 %
107.
LINK/GBP
653 USD
0.00 %
108.
LINK/ETH
404 USD
0.00 %
109.
LINK/USDT
296 USD
0.00 %
110.
LINK/BTC
106 USD
0.00 %
111.
LINK/TRX
16 USD
0.00 %
112.
LINK/USDT
0.0 USD
0.0 %
113.
LINK/BTC
0.0 USD
0.0 %
114.
LINK/BCH
0.0 USD
0.0 %
115.
LINK/ETH
0.0 USD
0.0 %

About Chainlink


Chainlink is a decentralized network of verified oracles for smart contracts. It integrates external data from oracles with public blockchains. The network aims to make it easier to connect payment systems, channels with market data, back ends, off-chains, and any web API to blockchain platforms with smart contracts.

Chainlink operates on Ethereum and consists of two components — on-chain and off-chain ones. Besides smart contracts in its blockchain, it supports Bitcoin and Hyperledger blockchains. Developers plan on expanding compatibility with other platforms that allow creating smart contracts and also want to forge cross-chain connections among them.

Chainlink project history

Establishment: September 2014, Grand Cayman (Cayman Islands).
Founders: blockchain startupper Sergey Nazarov and software engineer Steve Ellis.
Previous experience: Mr Nazarov used to create peer-to-peer marketplaces and established service CryptaMail; Mr Ellis worked for Pivotal Labs on data privacy protection and software for payment automation. Both of them had established Secure Asset Exchange earlier.

Assistant: Ari Juels — co-author of white paper.
Advisers: Andrew Miller, Evan Cheng, Hudson Jameson.

Organisation: SmartContract Chainlink Ltd SEZC; 2014, Grand Cayman (Cayman Islands).
Executives: Sergey Nazarov is CEO, Steve Ellis is CTO, and Brendan Magauran is Head of Operations.

Project announcement: December 2014.
Public launch: June 2017.

Investment in the project

  1. September 2014: seed investment from Data Collective (DCVC) and Underscore.
  2. July–August 2017: $29 million during the presale.
  3. September 2017: $3 million during the token sale.

Chainlink cryptocurrency attributes

The Chainlink network facilitates external services for data provision and creators of smart contracts on blockchain platforms. Oracles that are called node operators in this network provide data validation for authenticity and reliability of operations. Anyone capable of creating a data feed and connecting an external API can become an operator and profit on extracting and validating data with the following transfer to smart contracts.

A node operator receives LINK tokens for completed tasks from creators of smart contracts. Thus, for operators, these tokens are ways to make a profit, and for those who need data validation, they are a payment for a service. The more important and the higher quality data are after processing, the more their recipients are willing to pay before inserting them in smart contracts.

A node operator can also buy LINK but they need tokens to use their supply as a stake in addition to reputation. Operators with a perfect reputation and a high stock of tokens are most often contacted. They are offered interesting and continuous orders. However, if processing quality goes down, data inaccuracy and errors appear, or an operator stops responding to requests, the network will lower the operator’s reputation and take away some tokens as a penalty.

Chainlink strives to provide reliability by checking relations between participants. For this purpose, the network has a validation system, a reputation system, a certification service, and a contract-upgrade service.

At first, LINK was just a token of the ERC-20 standard. Then, developers charged it with additional functions of ERC-223. Now, tokens follow the ERC-667 standard. Compatibility with the legacy ones is still in place.

Chainlink token sale and LINK distribution

The project raised funds for development twice. The presale for early investors started on 21 July 2017. Tokens were sold to them for ethers at the price of 2400 LINK for 1 ETH. It is not known how many tokens were sold, the leaders only said that they had raised $16 million. The crowdsale was supposed to collect the same amount within a month. The total planned amount would have been $32 million.

The project team released 1 billion LINK by limiting the issue with this amount and decided to distribute it the following way:

Token recipients Amount of LINK Share of the total issue
Investors who took part in the presale and token sale 350,000,000 35%
Node operators (reward payment) 350,000,000 35%
Company reserve (for development) 300,000,000 30%
Total: 1,000,000,000 100%

 

On 19 September 2017, a public token sale began but was cut short after a few hours. Turned out that before the start there were tokens only for the amount of $3 million, so they were quickly distributed. Available tokens were exchanged for ethers for the price of 2600 LINK for 1 ETH. As it was revealed later, in the course of the presale, the team received $29 million but due to hard cap could not collect more than $3 million from the public.

Chainlink price dynamics

Exchanges started listing the token on 20 September 2017 at the price of 0.1892 USD. Three days later, it set an all-time low of 0.1311 USD. Patient investors who held LINK until 31 December could have sold it for 0.6016 USD — this was a high of 2017.

OHLC prices of 2018:

  • open — 0.7336 USD;
  • high — 1.38 USD (8 January);
  • low — 0.1663 USD (28 June);
  • close — 0.2894 USD.

LINK price change in 2019

On 1 January 2019, the price went at its low of 0.2994 USD and then went flat until May. This was followed by strong upward and downward trends. Let’s list the price extremes of the trends that are noticeable on the 2019 Chainlink chart:

  1. 📈 Rise from 7 to 23 May: 0.5447 USD ⤴ 1.34 USD.
  2. 📈 Rise from 9 to 29 June: 1.07 USD ⤴ 3.70 USD — a high of the year.
  3. 📉 Fall from 5 to 30 July: 3.62 USD ⤵ 2.09 USD.
  4. 📉 Fall from 19 August to 14 September: 2.51 USD ⤵ 1.57 USD.
  5. 📈 Rise from 26 September to 9 October: 1.66 USD ⤴ 2.80 USD.
  6. 📈 Rise from 19 October to 14 November: 2.36 USD ⤴ 3.06 USD.
  7. 📉 Fall from 15 November to 17 December: 3.04 USD ⤵ 1.76 USD.

The rise in May was contributed by rising prices in the entire market. In June, the main cryptocurrencies also helped, and in addition also the transition to the Ethereum mainnet.

Chainlink predictions for 2020 and prospects

Unlike other cryptocurrencies that peaked in December 2017 or January 2018, Chainlink revealed its potential only in 2019. Then it turned out that the fixed high was far from the peak, and token vaulted in during the crisis of 2020.

Since the network runs on the Ethereum blockchain, the LINK token often correlates with the ETH coin. With a low at 1.74 US dollars on 2 January, the LINK price began to increase in parallel with ETH. The uptrend continued until 18 February and ended at around 4.54 US dollars. The increase was 160.9%, and ETH added 121.3% for the same period. Further, everything had a correction, but from 25 February to 5 March, LINK went against the tide, having risen in price from 3.51 to 4.72 US dollars — an all-time high.

Of course, with the collapse from 10 to 16 March, it was more painful to fall: a decrease from 4.08 to 1.78 US dollars gave minus 56.4% (ETH decreased by 44.9%). Though, the price recovery took place with increased zeal: from 5 April to 10 May, LINK went up from 2.28 to 4.03 US dollars. Its growth was 76.8%, and ETH recovered by 47.1%. At the end of May, both cryptocurrencies started an uptrend, in which LINK twice approached the high: on 4 and 9 June it fixed the same marks at 4.48 US dollars. Most likely, during the summer of 2020, the price will break the March record.

Chainlink roadmap

The project does not have an official roadmap, yet one has to somehow follow the development stages. Then we will create our own map to predict events that can affect the Chainlink price:

  • 27 June 2017: v1 release.
  • 18 March 2018: change of language used for nodes — from Ruby to Golang.
  • 30 April 2018: connection of Ropsten — the Ethereum testnet for creating test tokens.
  • 15 May 2019: three independent audits.
  • 30 May 2019: transition to the Ethereum mainnet.
  • 13 November 2019: start of the Chainlink Community advocate program.
  • 30 January 2020: launch of the price reference data feed for DeFi.
  • 3 March 2020: start of the Bug Bounty program at HackerOne with rewards from $250 to $5000.
  • 12 May 2020: addition of the verifiable random function to oracles.

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