CHAINLINK price, news and Forecast (LINK US DOLLAR)


Chainlink price rally begins as whales scoop up 10 million LINK overnight


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Bitcoin Weekly Forecast: This support level can define BTC’s fate

Bitcoin Weekly Forecast: This support level can define BTC’s fate

Bitcoin price has finished the first half of 2022 and things are not looking good. With record negative returns, BTC is likely to continue heading lower, especially if one particular support level is breached. 

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Key price levels to watch out as Ethereum enters Q3 in a negative posture

Key price levels to watch out as Ethereum enters Q3 in a negative posture

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XRP price primed for a big move as Ripple expands to New Zealand

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DeFi traders must consider these resistance levels before trading Compound’s COMP price

DeFi traders must consider these resistance levels before trading Compound’s COMP price

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Bitcoin: This support level can define BTC’s fate

Bitcoin: This support level can define BTC’s fate

Bitcoin price ended Q2 with a -56% return, which is the first in its 11-year history. On-chain metrics hint at bottom formation but technicals reveal more room to the downside. Bitcoin price has finished the first half of 2022 and things are not looking good. With record negative returns, BTC is likely to continue heading lower, especially if one particular support level is breached. 

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WHAT IS CHAINLINK?

Chainlink is a decentralized oracle network that greatly expands the capabilities of smart contracts by enabling access to real-world data and off-chain computation while maintaining the security and reliability guarantees inherent to blockchain technology.

LINK tokens are the digital assets used to pay for services on the network.

Characteristics of Chainlink

Chainlink main objective was creating a blockchain that allows users to connect with real world data.

  • Chainlink makes it possible for users to work with off-chain data.
  • It offers the possibility of making payments through a contract to any payment system or banking network.
  • Its users can use smart contracts which includes an oracle reputation called a service level agreement. It punishes the oracles that violate network rules or provide incorrect data.
  • Uses an aggregation contract to collect all the off-chain oracles’ data to create a weighted aggregate response.

Differences between Chainlink and Bitcoin

Which are the main differences betweeen LINK and BTC?

  • LINK demand and value of the tokens is directly correlated to the number of operators that offer off-chain services to the system.
  • The LINK token is described by developers as an ERC-20 token, with the additional ERC-223 “transfer and call” functionality.
  • The LINK token sale was capped at $32 million, with a total supply of 1 billion LINK tokens.

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