0

Rank

Chainlink, LINK

$21.83 ( 8.28% )

Market Cap

$8 765 073 958

24 Hour Volume

$4 325 670 391

Available Supply

401 509 556

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
506 417 632 USD
12.04 %
2.
LINK/USDT
506 214 333 USD
12.03 %
3.
LINK/USDT
506 211 498 USD
12.03 %
4.
LINK/USDT
454 441 085 USD
10.80 %
5.
LINK/USDT
453 658 310 USD
10.79 %
6.
LINK/USDT
183 819 161 USD
4.37 %
7.
LINK/USD
181 883 293 USD
4.32 %
8.
LINK/USDT
142 720 475 USD
3.39 %
9.
LINK/USDT
135 455 067 USD
3.22 %
10.
LINK/BTC
134 077 730 USD
3.19 %
11.
LINK/BTC
133 810 449 USD
3.18 %
12.
LINK/BTC
111 486 736 USD
2.65 %
13.
LINK/USDT
54 926 827 USD
1.31 %
14.
LINK/KRW
45 576 750 USD
1.08 %
15.
LINK/TRY
43 702 262 USD
1.04 %
16.
LINK/BUSD
29 872 522 USD
0.71 %
17.
LINK/BUSD
29 820 877 USD
0.71 %
18.
LINK/USD
29 738 106 USD
0.71 %
19.
LINK/USDT
25 136 193 USD
0.60 %
20.
LINK/KRW
23 935 059 USD
0.57 %
21.
LINK/BTC
20 173 664 USD
0.48 %
22.
LINK/USDT
20 065 825 USD
0.48 %
23.
LINK/XRP
17 702 910 USD
0.42 %
24.
LINK/BTC
16 940 408 USD
0.40 %
25.
LINK/USDT
14 476 863 USD
0.34 %
26.

MXC MXC

LINK/ETH
14 246 991 USD
0.34 %
27.
LINK/EUR
13 925 652 USD
0.33 %
28.
LINK/ETH
12 625 601 USD
0.30 %
29.
LINK/ETH
12 572 940 USD
0.30 %
30.
LINK/USDT
12 569 629 USD
0.30 %
31.
LINK/USDT
12 453 112 USD
0.30 %
32.
LINK/USDC
11 126 661 USD
0.26 %
33.
LINK/BTC
10 815 498 USD
0.26 %
34.
LINK/USD
10 627 590 USD
0.25 %
35.
LINK/USDT
10 509 938 USD
0.25 %
36.
LINK/USDT
10 295 409 USD
0.24 %
37.
LINK/ETH
9 544 414 USD
0.23 %
38.
LINK/ETH
9 494 938 USD
0.23 %
39.
LINK/BTC
8 950 611 USD
0.21 %
40.
LINK/BTC
8 590 808 USD
0.20 %
41.
LINK/USDT
7 820 563 USD
0.19 %
42.
LINK/BTC
7 352 270 USD
0.17 %
43.
LINK/USDT
7 186 544 USD
0.17 %
44.
LINK/BTC
7 129 305 USD
0.17 %
45.
LINK/USDT
6 966 180 USD
0.17 %
46.
LINK/BTC
6 858 919 USD
0.16 %
47.
LINK/ETH
6 767 063 USD
0.16 %
48.
LINK/USD
6 050 623 USD
0.14 %
49.
LINK/ETH
5 866 507 USD
0.14 %
50.

FTX FTX

LINK/USD
5 844 551 USD
0.14 %
51.

EXX EXX

LINK/USDT
5 750 229 USD
0.14 %
52.
LINK/USDT
5 551 632 USD
0.13 %
53.
LINK/BTC
5 474 959 USD
0.13 %
54.
LINK/USDT
5 472 912 USD
0.13 %
55.
LINK/USDT
5 281 456 USD
0.13 %
56.
LINK/BTC
5 255 998 USD
0.12 %
57.
LINK/EUR
5 007 026 USD
0.12 %
58.
LINK/USDT
4 985 698 USD
0.12 %
59.
LINK/USDT
4 399 188 USD
0.10 %
60.
LINK/TRY
4 169 812 USD
0.10 %
61.
LINK/BTC
4 154 498 USD
0.10 %
62.
LINK/ETH
4 120 183 USD
0.10 %
63.
LINK/USDT
3 901 271 USD
0.09 %
64.
LINK/ETH
3 751 253 USD
0.09 %
65.
LINK/USDT
3 597 770 USD
0.09 %
66.
LINK/ETH
3 367 641 USD
0.08 %
67.
LINK/BTC
3 325 786 USD
0.08 %
68.
LINK/BTC
3 321 375 USD
0.08 %
69.
LINK/USDT
3 216 906 USD
0.08 %
70.
LINK/USD
3 185 168 USD
0.08 %
71.

AAX AAX

LINK/BTC
3 009 603 USD
0.07 %
72.
LINK/KRW
2 863 096 USD
0.07 %
73.

AAX AAX

LINK/USDT
2 826 587 USD
0.07 %
74.
LINK/USDT
2 788 756 USD
0.07 %
75.

MXC MXC

LINK/USDT
2 761 360 USD
0.07 %
76.
LINK/ETH
2 474 713 USD
0.06 %
77.

Hoo Hoo

LINK/USDT
2 443 379 USD
0.06 %
78.
LINK/USDT
2 421 390 USD
0.06 %
79.
LINK/BTC
2 256 015 USD
0.05 %
80.
LINK/USDT
2 058 386 USD
0.05 %
81.
LINK/BTC
2 051 982 USD
0.05 %
82.
LINK/VET
1 910 218 USD
0.05 %
83.
LINK/USDT
1 910 140 USD
0.05 %
84.
LINK/BTC
1 708 994 USD
0.04 %
85.
LINK/BTC
1 684 711 USD
0.04 %
86.
LINK/TRY
1 678 200 USD
0.04 %
87.
LINK/THB
1 617 327 USD
0.04 %
88.
LINK/ETH
1 519 213 USD
0.04 %
89.

FTX FTX

LINK/USDT
1 504 079 USD
0.04 %
90.
LINK/USDT
1 363 479 USD
0.03 %
91.
LINK/USDT
1 297 776 USD
0.03 %
92.
LINK/USD
1 244 491 USD
0.03 %
93.
LINK/USDT
1 171 046 USD
0.03 %
94.
LINK/ETH
1 163 767 USD
0.03 %
95.
LINK/KRW
1 085 352 USD
0.03 %
96.
LINK/BTC
876 260 USD
0.02 %
97.
LINK/USDT
761 568 USD
0.02 %
98.
LINK/BTC
639 562 USD
0.02 %
99.
LINK/USDT
634 413 USD
0.02 %
100.
LINK/BTC
527 038 USD
0.01 %
101.
LINK/USDT
488 926 USD
0.01 %
102.
LINK/USDT
471 239 USD
0.01 %
103.
LINK/USDT
469 408 USD
0.01 %
104.
LINK/TUSD
452 483 USD
0.01 %
105.
LINK/HUSD
444 545 USD
0.01 %
106.
LINK/USDT
427 038 USD
0.01 %
107.
LINK/TWD
420 863 USD
0.01 %
108.
LINK/AUD
398 374 USD
0.01 %
109.
LINK/BTC
393 554 USD
0.01 %
110.
LINK/ETH
392 295 USD
0.01 %
111.
LINK/USD
320 499 USD
0.01 %
112.
LINK/ETH
273 199 USD
0.01 %
113.
LINK/BRL
266 941 USD
0.01 %
114.
LINK/USDT
256 795 USD
0.01 %
115.
LINK/USDT
242 631 USD
0.01 %
116.
LINK/BTC
234 929 USD
0.01 %
117.
LINK/ETH
219 248 USD
0.01 %
118.

ZB ZB

LINK/USDT
191 878 USD
0.00 %
119.
LINK/BTC
191 811 USD
0.00 %
120.
LINK/CRO
183 821 USD
0.00 %
121.
LINK/USDF
169 560 USD
0.00 %
122.
LINK/ETH
158 111 USD
0.00 %
123.
LINK/ETH
109 108 USD
0.00 %
124.
LINK/ETH
108 989 USD
0.00 %
125.
LINK/NGN
88 912 USD
0.00 %
126.
LINK/ETH
87 735 USD
0.00 %
127.
LINK/BTC
87 135 USD
0.00 %
128.
LINK/ETH
81 107 USD
0.00 %
129.
LINK/ETH
81 028 USD
0.00 %
130.
LINK/GBP
73 147 USD
0.00 %
131.
LINK/BTC
62 280 USD
0.00 %
132.
LINK/USDT
54 055 USD
0.00 %
133.
LINK/BTC
53 041 USD
0.00 %
134.
LINK/BUSD
47 942 USD
0.00 %
135.
LINK/INR
47 451 USD
0.00 %
136.
LINK/BTC
43 695 USD
0.00 %
137.
LINK/TUSD
29 626 USD
0.00 %
138.
LINK/AED
24 969 USD
0.00 %
139.
LINK/BTC
15 289 USD
0.00 %
140.
LINK/USDT
13 192 USD
0.00 %
141.
LINK/EUR
10 506 USD
0.00 %
142.
LINK/BTC
9 025 USD
0.00 %
143.
LINK/BTC
4 325 USD
0.00 %
144.
LINK/USDT
2 213 USD
0.00 %
145.
LINK/ETH
1 648 USD
0.00 %
146.
LINK/BCH
435 USD
0.00 %
147.
LINK/BCH
435 USD
0.00 %
148.
LINK/BKRW
4 USD
0.00 %
149.
LINK/TRX
0.0 USD
0.0 %
150.
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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