Chainlink Price LINK

#22

$12.00

-2.25%

Buy Now

Price Information

1 Year Change

-28.98%

All Time High

$53.01 -77.34%

Volume 24h

1.1 B $ -14.96%

Market Cap

7.5 B $ -2.25%

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?

As of now, Chainlink (LINK) is trading at $11.89, showing a 24-hour decline of 6.55%. The market capitalization stands strong at approximately 7.45 billion USD, reflecting its significant presence in the decentralized oracle service space.

The downward price movement is influenced by broader market volatility across cryptocurrencies, with investors adopting a cautious stance amid global economic uncertainties and regulatory discussions. Additionally, macroeconomic factors such as interest rate adjustments and shifts in investor sentiment towards risk assets have contributed to short-term price fluctuations. This decline may also be a correction following previous gains as traders take profits or respond to technical trading signals.

LINK Price Catalysts: Bull Case & Bear Case

Bull Case: Chainlink is a leading decentralized oracle network vital for connecting smart contracts with real-world data, playing an essential role in blockchain ecosystems. Its expanding partnerships, growing adoption for DeFi applications, and upcoming technological upgrades provide a strong foundation for long-term growth. Investors bullish on LINK expect increased demand for its services as blockchain projects require reliable data feeds and off-chain integrations.

Bear Case: On the downside, increased competition in the oracle space and possible technical challenges could impact Chainlink’s dominance. Regulatory scrutiny on cryptocurrencies, especially those integral to decentralized finance infrastructures, could add pressure. Moreover, lingering macroeconomic uncertainties might dampen investor enthusiasm, leading to sustained volatility or further downward pressure on LINK’s price.

Frequently asked questions

Why is Chainlink going down right now?

Chainlink's recent price decline can be attributed to broader cryptocurrency market sell-offs, profit-taking by investors, and uncertainty stemming from economic conditions and regulatory developments affecting the crypto sector.

What factors could help Chainlink's price recover?

Positive factors include further adoption of Chainlink's oracle technology, new partnerships, successful technological upgrades, and an overall bullish sentiment in the cryptocurrency market.

Is Chainlink a good long-term investment?

Many investors see Chainlink as a key infrastructure asset in the blockchain space with strong use cases, though all investments carry risk and it’s important to do thorough research and consider your risk tolerance.

How does Chainlink differ from other cryptocurrencies?

Unlike traditional cryptocurrencies that primarily serve as digital money or assets, Chainlink provides decentralized oracle services that connect smart contracts with real-world data, making it unique in its utility.

What is Chainlink’s market capitalization, and why does it matter?

Chainlink’s market cap is around $7.45 billion, which reflects the total market value of all LINK tokens. A large market cap often indicates higher liquidity and relative stability compared to smaller cryptocurrencies.

How do macroeconomic conditions impact Chainlink’s price?

Macroeconomic factors such as interest rates, inflation, and geopolitical events influence investor risk appetite. When uncertainty increases, investors may reduce exposure to cryptocurrencies like LINK, causing price volatility.

Popular Chainlink Exchanges

View All

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.

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.

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:

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.

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:

2.9

Reviews:

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:

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:

Wirex is a digital payments platform that bridges crypto and traditional finance, letting users buy, hold, and spend both fiat and digital currencies with a single card.

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: