Chainlink Price LINK

#23

$9.55

-4.55%

Buy Now

Price Information

1 Year Change

-54.04%

All Time High

$53.01 -81.96%

Volume 24h

0.6 B $ -34.91%

Market Cap

6.0 B $ -4.55%

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?

Chainlink (LINK) is currently trading at $9.38, reflecting a 6.29% decline over the past 24 hours. With a market capitalization of approximately $5.88 billion, LINK remains a significant player in the decentralized oracle sector. The recent price drop aligns with broader market volatility, influenced by fluctuations in the overall cryptocurrency market and shifts in investor sentiment. Factors such as macroeconomic uncertainty, changing regulatory landscapes, and profit-taking among traders contribute to the current price movement.

LINK Price Catalysts: Bull Case & Bear Case

The bull case for Chainlink centers on its critical role in connecting smart contracts with real-world data. As DeFi (Decentralized Finance) and other blockchain applications expand, the demand for reliable oracles like Chainlink is expected to grow, potentially driving LINK’s price upward. Innovations, partnerships, and upgrades to the Chainlink network could also enhance its utility and investor confidence. Conversely, the bear case includes the risk of increased competition from other oracle providers, possible delays in technological advancements, and broader crypto market downturns. Regulatory pressures or negative news impacting the sector could further weigh on LINK’s price.

Frequently asked questions

Why is Chainlink going down right now?

Chainlink's recent price decline is largely due to general market volatility, profit-taking by investors, and concerns around regulatory developments that affect the cryptocurrency space as a whole.

What is Chainlink used for?

Chainlink provides decentralized oracles that enable smart contracts to securely interact with real-world data, APIs, and external payment systems, making it a vital infrastructure for many blockchain applications.

Is Chainlink a good investment currently?

Whether Chainlink is a good investment depends on your risk tolerance and outlook on the crypto market. Its strong market position and network growth present potential, but price volatility and market risks remain significant.

How does Chainlink differ from other cryptocurrencies?

Unlike many cryptocurrencies that serve as digital money or store of value, Chainlink focuses on decentralized data feeds to power smart contracts, providing essential infrastructure rather than just a currency.

What factors could boost Chainlink’s price?

Increased adoption of decentralized applications, successful network upgrades, strategic partnerships, and broader acceptance of DeFi could all positively impact LINK’s price.

Where can I buy LINK tokens?

LINK tokens are available on most major cryptocurrency exchanges, including Binance, Coinbase, Kraken, and others, allowing for easy purchase and trading.

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:

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:

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:

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:

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:

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.

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:

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: