14

Rank

Chainlink, LINK

$23.07 ( -1.29% )

Market Cap

$9 979 713 445

24 Hour Volume

$873 211 276

Available Supply

432 509 553

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
138 774 389 USD
14.29 %
2.
LINK/USDT
107 255 302 USD
11.04 %
3.
LINK/USDT
85 814 707 USD
8.84 %
4.
LINK/USDT
68 627 151 USD
7.07 %
5.
LINK/USD
48 254 756 USD
4.97 %
6.
LINK/BTC
41 717 954 USD
4.30 %
7.
LINK/USDT
40 613 748 USD
4.18 %
8.
LINK/USDT
40 576 849 USD
4.18 %
9.
LINK/USDT
27 871 276 USD
2.87 %
10.
LINK/KRW
22 926 802 USD
2.36 %
11.
LINK/USDT
21 536 023 USD
2.22 %
12.
LINK/USDT
16 613 915 USD
1.71 %
13.
LINK/BTC
16 181 181 USD
1.67 %
14.
LINK/BTC
15 129 327 USD
1.56 %
15.
LINK/ETH
14 831 941 USD
1.53 %
16.
LINK/USD
13 275 168 USD
1.37 %
17.
LINK/USDT
12 211 126 USD
1.26 %
18.
LINK/USDT
11 882 393 USD
1.22 %
19.
LINK/USDT
10 896 339 USD
1.12 %
20.
LINK/USDT
10 426 578 USD
1.07 %
21.
LINK/USDT
10 216 047 USD
1.05 %
22.

EXX EXX

LINK/USDT
9 389 952 USD
0.97 %
23.
LINK/USDT
9 094 887 USD
0.94 %
24.
LINK/BTC
9 067 882 USD
0.93 %
25.
LINK/BUSD
9 008 579 USD
0.93 %
26.
LINK/USDT
8 033 316 USD
0.83 %
27.
LINK/BUSD
7 861 274 USD
0.81 %
28.
LINK/USDT
7 716 937 USD
0.79 %
29.
LINK/USD
7 103 562 USD
0.73 %
30.
LINK/ETH
7 097 170 USD
0.73 %
31.
LINK/BTC
6 347 490 USD
0.65 %
32.
LINK/BTC
5 873 896 USD
0.60 %
33.
LINK/ETH
4 475 868 USD
0.46 %
34.
LINK/ETH
4 420 050 USD
0.46 %
35.
LINK/USDT
4 413 329 USD
0.45 %
36.

FTX FTX

LINK/USD
4 279 441 USD
0.44 %
37.
LINK/USDT
3 736 345 USD
0.38 %
38.
LINK/BTC
3 628 651 USD
0.37 %
39.
LINK/BTC
3 628 649 USD
0.37 %
40.
LINK/USDT
3 542 352 USD
0.36 %
41.
LINK/KRW
3 496 079 USD
0.36 %
42.
LINK/USDC
3 196 535 USD
0.33 %
43.
LINK/USD
2 971 249 USD
0.31 %
44.
LINK/GBP
2 914 538 USD
0.30 %
45.
LINK/EUR
2 767 768 USD
0.29 %
46.
LINK/EUR
2 726 853 USD
0.28 %
47.
LINK/BTC
2 617 903 USD
0.27 %
48.
LINK/VET
2 333 776 USD
0.24 %
49.
LINK/ETH
2 151 643 USD
0.22 %
50.
LINK/BTC
2 100 053 USD
0.22 %
51.
LINK/USDT
2 100 000 USD
0.22 %
52.

AAX AAX

LINK/USDT
2 088 313 USD
0.22 %
53.
LINK/ETH
2 018 752 USD
0.21 %
54.
LINK/TRY
1 974 454 USD
0.20 %
55.
LINK/USDT
1 970 491 USD
0.20 %
56.
LINK/EUR
1 878 076 USD
0.19 %
57.
LINK/USDT
1 773 819 USD
0.18 %
58.
LINK/GBP
1 761 431 USD
0.18 %
59.
LINK/BTC
1 750 583 USD
0.18 %
60.
LINK/USDT
1 623 045 USD
0.17 %
61.

FTX FTX

LINK/USDT
1 608 811 USD
0.17 %
62.
LINK/KRW
1 393 320 USD
0.14 %
63.
LINK/BTC
1 320 699 USD
0.14 %
64.
LINK/BTC
1 145 335 USD
0.12 %
65.
LINK/BTC
1 140 789 USD
0.12 %
66.
LINK/USDT
1 045 231 USD
0.11 %
67.
LINK/TRY
977 168 USD
0.10 %
68.
LINK/USD
917 152 USD
0.09 %
69.

MXC MXC

LINK/ETH
912 147 USD
0.09 %
70.
LINK/BTC
892 952 USD
0.09 %
71.
LINK/TRY
886 079 USD
0.09 %
72.
LINK/ETH
877 861 USD
0.09 %
73.
LINK/USDT
874 099 USD
0.09 %
74.
LINK/BTC
776 634 USD
0.08 %
75.
LINK/ETH
742 562 USD
0.08 %
76.
LINK/USD
698 650 USD
0.07 %
77.
LINK/BTC
693 936 USD
0.07 %
78.
LINK/USDT
689 251 USD
0.07 %
79.
LINK/ETH
664 709 USD
0.07 %
80.
LINK/USDT
646 534 USD
0.07 %
81.
LINK/USDT
602 978 USD
0.06 %
82.

MXC MXC

LINK/USDT
572 074 USD
0.06 %
83.
LINK/BTC
514 184 USD
0.05 %
84.
LINK/USDT
497 093 USD
0.05 %
85.
LINK/USDT
480 059 USD
0.05 %
86.
LINK/USDT
470 437 USD
0.05 %
87.
LINK/USDT
460 018 USD
0.05 %
88.
LINK/BTC
459 401 USD
0.05 %
89.
LINK/ETH
458 629 USD
0.05 %
90.
LINK/USDF
435 221 USD
0.04 %
91.
LINK/BTC
398 651 USD
0.04 %
92.
LINK/ETH
398 543 USD
0.04 %
93.
LINK/BTC
376 611 USD
0.04 %
94.
LINK/UQC
370 295 USD
0.04 %
95.
LINK/BRL
344 452 USD
0.04 %
96.
LINK/ETH
304 194 USD
0.03 %
97.
LINK/KRW
291 704 USD
0.03 %
98.
LINK/USDT
264 998 USD
0.03 %
99.
LINK/THB
239 070 USD
0.02 %
100.
LINK/USDT
235 054 USD
0.02 %
101.
LINK/USD
225 453 USD
0.02 %
102.
LINK/AUD
220 916 USD
0.02 %
103.
LINK/ETH
216 354 USD
0.02 %
104.
LINK/ETH
214 465 USD
0.02 %
105.
LINK/TUSD
197 936 USD
0.02 %
106.

AAX AAX

LINK/BTC
186 314 USD
0.02 %
107.
LINK/BTC
182 268 USD
0.02 %
108.
LINK/USDT
177 582 USD
0.02 %
109.
LINK/ETH
170 343 USD
0.02 %
110.
LINK/HUSD
156 369 USD
0.02 %
111.
LINK/BTC
154 418 USD
0.02 %
112.
LINK/USDT
138 671 USD
0.01 %
113.
LINK/BUSD
135 636 USD
0.01 %
114.

ZB ZB

LINK/USDT
97 445 USD
0.01 %
115.
LINK/TUSD
82 837 USD
0.01 %
116.
LINK/BTC
82 030 USD
0.01 %
117.
LINK/CRO
68 626 USD
0.01 %
118.
LINK/EUR
64 815 USD
0.01 %
119.
LINK/INR
54 268 USD
0.01 %
120.
LINK/PLN
51 303 USD
0.01 %
121.
LINK/BTC
46 293 USD
0.00 %
122.
LINK/ETH
46 119 USD
0.00 %
123.

FTX FTX

LINK/BTC
45 451 USD
0.00 %
124.
LINK/USDC
45 280 USD
0.00 %
125.
LINK/ETH
44 706 USD
0.00 %
126.
LINK/ETH
38 235 USD
0.00 %
127.
LINK/ETH
38 154 USD
0.00 %
128.
LINK/USDT
34 401 USD
0.00 %
129.
LINK/GBP
33 138 USD
0.00 %
130.
LINK/USDT
25 645 USD
0.00 %
131.
LINK/ETH
25 482 USD
0.00 %
132.
LINK/USDT
22 238 USD
0.00 %
133.
LINK/BTC
21 660 USD
0.00 %
134.
LINK/GBP
17 712 USD
0.00 %
135.
LINK/KCS
17 028 USD
0.00 %
136.
LINK/BTC
13 348 USD
0.00 %
137.
LINK/BTC
11 445 USD
0.00 %
138.
LINK/BTC
9 962 USD
0.00 %
139.
LINK/ETH
8 811 USD
0.00 %
140.
LINK/WRX
7 807 USD
0.00 %
141.
LINK/USDT
1 947 USD
0.00 %
142.
LINK/AUD
1 588 USD
0.00 %
143.
LINK/AED
912 USD
0.00 %
144.
LINK/BTC
800 USD
0.00 %
145.
LINK/UAH
665 USD
0.00 %
146.
LINK/ETH
467 USD
0.00 %
147.
LINK/BTC
393 USD
0.00 %
148.
LINK/BCH
0.0 USD
0.0 %
149.
LINK/ETH
0.0 USD
0.0 %
150.
LINK/USDT
0.0 USD
0.0 %
151.
LINK/BCH
0.0 USD
0.0 %
152.
LINK/BTC
0.0 USD
0.0 %
153.
LINK/TRX
0.0 USD
0.0 %
154.
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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