Chainlink’s decentralized oracle network provides reliable, tamper-proof inputs and outputs for complex smart contracts on any blockchain.
Chainlink allows you to use decentralization, trusted nodes, premium data, and cryptographic proofs. This helps us to connect highly accurate and available data/APIs to any smart contract. You can 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. These features have reflected in LINK price which grew from a few cents to $30.
Oracles
Using Chainlink you can integrate battle-hardened and time-tested oracle solutions that secure billions of dollars in value for market-leading blockchain projects. You can independently monitor and verify Chainlink’s open-source code, the performance of its oracle networks, and the quality of individual node operators.
Chainlink greatly expands the capability of smart contracts by enabling access to real-world data, events, payments, and more without sacrificing the security and reliability guarantees inherent to blockchain technology.
Let us review LINK price
LINK/USD Price Prediction
LINK is trading close to the resistance of $34.39. If it can clear this resistance and flip it to support, we could start seeing a move upwards. Next targets would be $36.99, $39.76, $43.71, $48.75, $63.28 and $86.79. LINK is in an uptrend and is looking good to clear the resistance of $34.39. Wait for LINK to close above this resistance to open a long position. If LINK fails to break this resistance, we could see a drop towards $25.23 and $20.11.
LINK is currently trading at $30.11 with a market cap of $12,459,684,437. Its 24 hour market cap was $2,582,641,737.
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