Chainlink Price LINK

#24

$8.55

-2.75%

Buy Now

Price Information

1 Year Change

-55.13%

All Time High

$53.01 -83.88%

Volume 24h

0.3 B $ -1.78%

Market Cap

5.4 B $ -2.75%

Buy Now

Price Alert

Create a price alert and never miss the best entry time again

Set Price Alert

About Chainlink

LINK Price Pulse: What’s Moving It?

Currently priced at $8.58, Chainlink (LINK) has experienced a slight dip of 1.46% over the past 24 hours, with a market capitalization of approximately $5.38 billion. LINK’s price movements are closely tied to overall crypto market sentiment and developments in the decentralized finance (DeFi) ecosystem.

Recently, factors such as fluctuations in Ethereum—on which many Chainlink oracles operate—and broader investor risk appetite have influenced LINK’s price. Additionally, updates and partnerships in the smart contract and oracle space can have immediate impacts. LINK’s role as a leading decentralized oracle network means its price often reacts to network upgrades, integration announcements, and regulatory news surrounding cryptocurrencies and blockchain technologies.

LINK Price Catalysts: Bull Case & Bear Case

Bull Case: Chainlink continues to be the dominant decentralized oracle provider, which is critical for smart contracts needing reliable external data. Growing adoption of DeFi projects and enterprise blockchain solutions relying on Chainlink oracles could drive LINK’s demand and value higher. Innovations in cross-chain data transfer and increasing partnership announcements add strength to the positive outlook.

Bear Case: On the downside, competition from other oracle providers and scalability challenges could limit LINK’s growth. Regulatory uncertainties affecting the crypto market broadly could also weigh on investor confidence. Moreover, any technical vulnerabilities or delays in network upgrades might cause price setbacks. Market-wide downturns in crypto also tend to drag LINK prices down, highlighting its exposure to broader market risks.

Frequently asked questions

Why is Chainlink going down right now?

Chainlink’s recent price decline of 1.46% can be attributed to general market volatility, short-term investor profit-taking, and shifts in risk sentiment linked to broader cryptocurrency trends and Ethereum network fluctuations.

What is Chainlink used for?

Chainlink is a decentralized oracle network that provides smart contracts with real-world data, such as price feeds, weather info, and other external data, enabling more complex and reliable blockchain applications.

Is Chainlink a good investment for the long term?

Many investors view Chainlink as a strong long-term play due to its essential role in the DeFi ecosystem and ongoing network development, although it carries risks typical of the volatile cryptocurrency market.

How does Chainlink make money?

Chainlink’s ecosystem incentivizes node operators who provide accurate data through LINK token rewards; increased network usage and demand can drive token value appreciation benefiting holders.

What factors could cause LINK price to rise?

LINK’s price could rise from increased adoption of blockchain oracles, major partnerships, successful technology upgrades, positive market sentiment, and broader cryptocurrency market growth.

Is Chainlink affected by Ethereum’s price movements?

Yes, since Chainlink primarily operates on the Ethereum network, price and technological changes in Ethereum can impact investor perception and usage of LINK, influencing its price indirectly.

Popular Chainlink Exchanges

View All

Crypto.com is a global cryptocurrency platform that lets users buy, sell, and trade digital assets. It offers a secure wallet, a crypto-backed Visa card, staking, DeFi services, and various financial products designed to make crypto accessible for everyday use.

Rating:

2.9

Reviews:

Bitpanda is a European neobroker on a mission to democratize the complex world of investing. With low fees, 24/7 trading and real-time settlement, Bitpanda empowers users to shape their financial futures - on their own terms.

Rating:

2.8

Reviews:

eToro is a multi asset social trading platform. Its standout feature is copy trading, letting you mimic successful investors. User-friendly and regulated, it’s great for both beginners and experienced traders.

Rating:

3.2

Reviews:

Figure Markets is a new crypto trading platform where users fully control their own funds, with low trading fees and up to 8% interest on stablecoins.

Cryptomus offers a secure, user-friendly platform for buying, selling, and managing crypto, with P2P trading, staking (up to 20% APR), and mobile access for seamless transactions.

Rating:

4.9

Reviews:

Neverless is a new crypto trading platform created by former Revolut executives. It’s fully regulated in Europe and aims to make crypto more accessible by offering commission-free trading, competitive pricing, and support for over 700 cryptocurrencies. Users can also earn high yields on their assets and quickly buy crypto using Apple Pay or Google Pay.

Bitget, founded in 2018 during a crypto downturn, is a global exchange focused on user-centric innovation. With roots in traditional finance, its team saw blockchain’s potential early on. Today, Bitget aims to make crypto trading more accessible while promoting long-term industry growth.

Binance is the world’s leading blockchain ecosystem, with a product suite that includes the largest digital asset exchange. Their mission is to be the infrastructure provider for crypto in tomorrow’s world.

Rating:

3.4

Reviews:

Kraken.com is one of the world’s largest and longest-standing cryptocurrency broker trading platforms. Founded in 2011 and headquartered in the U.S., it provides users with access to a wide range of digital assets such as Bitcoin, Ethereum, and many altcoins.

Rating:

3.9

Reviews:

Coinbase is a digital asset broker headquartered in San Francisco, offering exchanges of Bitcoin, Ethereum, and other crypto assets in 32 countries, and bitcoin transactions and storage in 190 countries worldwide.

Rating:

3.5

Reviews: