The Chainlink price was $0.010518 on , which is a decrease of -59.34%. This means that the price for 1 ETH at this moment is $3.25. Based on the real time Chainlink price calculator, the Chainlink price is presently valued at $0.0011392.
Chainlink is a P2P network between different Ethereum smart contracts that enables secure and private communication between two parties. It has the potential to improve the efficiency of smart contracts and reduce the cost of developing, deploying, and managing decentralized applications. I’m here to help you decide whether it’s worth the investment.
Chainlink provides a wealth of real-world data to blockchain networks and is a prominent example of a decentralised finance platform Given the success of so-called DeFi platforms, Chainlink has grown rapidly and was briefly ranked in the top five cryptocurrencies by market capitalisation in 2020. Its position has receded somewhat since then, but it is still comfortably within the top 15 cryptos by market cap. Having been founded just a few years ago, Chainlink has enjoyed an exciting rise to the top, but what are its prospects for the remainder of June 2021? In this article, we will discuss the token’s price and future price predictions.
Where to Buy Chainlink
Current Chainlink Price
Chainlink is currently trading at around $26, after experiencing a dramatic 12 months. Just one year ago, the price of the token was at just $4, but the coin has experienced a dramatic increase in price since then. Source: Coinbase Just a few weeks ago, Chainlink reached a peak value of over $50, but has since experienced something of a correction. This broadly mirrors the trends over the cryptocurrency market as a whole and indicates that there has been a temporary market correction for altcoins. However, this is not expected to continue, with cryptocurrencies seen as an expansive market in the years to come. Chainlink is also working on some new initiatives to improve its smart contract features, and this will improve the decentralised DevOps capabilities of the token.
Chainlink Price Forecast
The first thing to consider when we examine the price of Chainlink going forward is the geopolitical and macroeconomic climate. This has been favourable for cryptocurrencies recently, due to the coronavirus pandemic, which has created a situation in which stores of value such as cryptos and Gold have traded successfully. After a massive increase in the value of many tokens in the cryptocurrency space, there has been something of a correction in recent weeks. But this is beginning to come to an end, and the continuing pandemic, and actions taken by the authorities in relation to it, mean that cryptos will remain a viable trading mechanism for quite some time to come. Technical analysts have examined Chainlink charts, and believe that it may be creating a foundation at around the $25 mark. If this is the case, the crypto will remain in this range for a period of time, and then begin to head in an upward direction once more. In the long run, Chainlink is expected to test and exceed its peak, and build a base possibly in excess of this price. It is just a matter of when this process will begin. As mentioned previously, the attempts of Chainlink to improve its smart contracts will also be bullish for the token. A new project entitled Keepers has created lots of excitement in the cryptocurrency community, and its launch will benefit developers, dApps, and Decentralised Autonomous Organizations by delivering increased efficiency. It is hard to know the immediate direction of Chainlink, giving the testing trading environment it has experienced over the last few weeks. But it should be noted that the value of the token is far in excess of its value just 12 months ago, and that its prices recently stabilised at roughly this level. This suggests that the true value of Chainlink is probably higher than its current rate, and if it can continue to demonstrate compelling use cases then it will probably have a rosy future.
Chainlink Price Discovery in June
The immediate future of Chainlink’s may be positive according to technical analysts. Those who examine the Chainlink charts suggest that the price compression, generated by the V-shaped recovery from its low on 23 May may lead to the token heading upwards in the immediate future. The Relative Strength Index had recently pointed to Chainlink being overbought, and this naturally pointed to a potential correction. However, another strong indication for Chainlink is the acceptance of the platform on Revolut. Polygon, Chainlink, Algorand, NKN, Cosmos, Band Protocol, Celo and Tellor are now all available for trading on the application, and this obviously expands the number of people that will come into contact with Chainlink. This can only be positive for the future of the project. Source: Coinbase The potential for extension of lockdowns and other pandemic-related measures is also potentially bullish for Chainlink and other cryptocurrencies. Such measures are helping to create an uncertain economic climate, in which cryptocurrencies and other commodities have tended to benefit. It has been a challenging time for many traditional companies, and investors are typically looking elsewhere in order to make profits. This also suggests that the bull market for cryptos could return in the foreseeable future. In general, the decentralised finance technology associated with Chainlink is one of the most exciting developments in the cryptocurrency space. The platforms that have emerged in this space have enjoyed the most price appreciation over the last 12 months in particular, and the technology is seen as being a major part of the cryptocurrency world going forward. It is also beneficial for Chainlink that it is associated with Ethereum, which has proven itself to be an extremely successful cryptocurrency platform. Overall, it seems likely that despite a challenging climate in recent weeks, Chainlink will stabilise and begin to climb up once more in the near future, eventually testing its peak value once again. Please note, the above is a purely opinion-based piece, based on relevant data available. It should not be deemed as direct investment advice.
Frequently Asked Questions
What will the price of chainlink be in 2021?
Blockchain, the underlying technology behind cryptocurrencies, may be here to stay. But the technology is still in its infancy. And while many cryptocurrencies have shown gains in 2017, the technology has its skeptics too. Blockchain is still in its early stages, and has been the subject of a lot of controversy. People have argued that it’s simply a digital ledger, and not a true new invention. But it has also been credited for a lot of forward thinking, such as the ability to make sure data is secure and cryptographically time-stamped. Chainlink is an open-source platform that allows users to create smart, secure and decentralized oracles – and in turn smart contracts. It is based on the Ethereum blockchain and allows users to create oracle services that are powered by data feeds, including the bitcoin blockchain. Chainlink is currently in a pre-ICO.
Will chainlink reach $100?
Chainlink (LINK) is a cryptocurrency that has been on the rise for a few years, but has yet to reach the $100 price point. We believe that LINK will become a top 10 coin, and that it will be used for millions of transactions. In the 2017-18 school year, the U.S. spent $53.4 billion on school lunches. This includes money spent on the federal lunch program, but also local and state-funded programs. In 2018, the USDA’s Summer Food Service Program spent $11.5 billion on free lunches and snacks to kids. To put this number in perspective, the Department of Agriculture (USDA) spent $31.9 billion on food for school meals in 2018. If you add in the USDA’s school lunch money to the federal school lunch program, the total comes to $68.1billion.
What will chainlink be worth in 2030?
Blockchain technology, the Bitcoin style decentralized ledger, is coming of age. It is the technology behind the “blockchain” which is being embraced by a growing number of companies to improve efficiency, transparency and security. The first blockchain applications were created to improve the efficiency of the Bitcoin network but now there are a huge range of uses, from supply chain management to self-sovereign identity. In May of this year, I published a report titled “Why Chainlink Will Be Worth $1 Trillion in 2027”. It was quite popular, prompting a lot of people to ask me to write another one for 2027. I’ve discussed this topic in a lot of publications. I’ve also been asked to write similar articles every year for the past five years.