Chainlink is a decentralized oracle network that brings off-chain data into an on-chain format. It bridges the gap between the isolated blockchain and real-world data.
Through a decentralized oracle network, Chainlink allows blockchains to securely interact with external data feeds, events and payment methods, providing the critical off-chain information needed by complex smart contracts to become the dominant form of digital agreement. The Chainlink Network is driven by a large open-source community of data providers, node operators, smart contract developers, researchers, security auditors and more. The company focuses on ensuring that decentralized participation is guaranteed for all node operators and users looking to contribute to the network. This has led to an increase in LINK price.
Reliable, tamper-proof network
Use decentralization, trusted nodes, premium data, and cryptographic proofs to connect highly accurate and available data/APIs to any smart contract.
Seamless connection to any API
Build on a flexible framework that can retrieve data from any API, connect with your existing systems, and integrate with any blockchain, now and in the future.
Proven, time-tested solutions
Integrate battle-hardened and time-tested oracle solutions that secure billions of dollars in value for market-leading blockchain projects.
Transparent oracle computation
Independently monitor and verify Chainlink’s open-source code, the performance of its oracle networks, and the quality of individual node operators.
Let us review LINK Price
LINK Price Prediction
LINK is trading close to the support area of $14.01. If this support breaks, we can start seeing a move towards $12.55 and $10.45. If the support can hold, we can start seeing a move towards $17.33 and $19.83 in a short time frame. Over a longer time frame, if the resistance at $19.33 can be broken and flipped to support, we could start seeing an accumulation in that zone followed by a move towards $20.83, $24.96, $28.29, $31.62, $36.37, $42.41 and $59.87.
Join us on Telegram to receive free trading signals.
For more information on cryptocurrency, visit the Altcoin Buzz YouTube channel.
Images courtesy of TradingView.
The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.
Do your own due diligence and rating before making any investments and consult your financial advisor. The researched information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.