Chainlink is a framework for building Decentralized Oracle Networks (DONs) that bring real-world data onto blockchain networks, enabling the creation of hybrid smart contracts. 

The Chainlink Network consists of Decentralized Oracle Networks (DONs) that consist of a network of independent oracle node operators that fetch, aggregate, validate, and deliver real-world data on-chain. Each oracle node can specialize in providing different decentralized services on the behalf of smart contracts. The network is also used by data providers to monetize their datasets by selling their APIs to smart contract applications. The most common use case includes securing Decentralized Finance (DeFi) protocols which require financial market data. This has led to an increase in LINK price.

Let us review LINK price.

LINK Price Prediction


LINK is currently trading below the resistance zone at $24.35. If this resistance is broken, we could start seeing a move towards $27.63, $30.21, $33.89, $38.57 and $52.09. Failure to break the resistance at $24.35 could lead to a drop towards the support at $16.56 and $13.47.

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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.




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