Chainlink (LINK) is a cryptocurrency designed to facilitate the trust and security of blockchain-based smart contracts. It is currently the most actively traded crypto asset on Ethereum, with LNKUSD showing significant price action over the past few years. As Chainlink continues to grow in popularity, now may be a great time to consider investing in it.
Chainlink is a decentralized Oracle network, and its core focus is to provide secure connectivity between blockchains and off-chain resources like data feeds, APIs, and traditional banking systems. This provides users with more reliable access to external data sources for their smart contracts, which creates more reliable use cases. Chainlink’s unique design and technology also provide improved scalability, reduced operational costs, and increased interoperability.
The price of Chainlink (LNKUSD) has been volatile over the past decade, with its lowest point around 0.1$ and the highest point at 52.25$, which was reached on October 5th 2021. Currently, as of May 2023, it is sitting just below 6$. Despite the tumultuous ride, this digital asset continues to be a highly sought-after cryptocurrency.
Its resilience in the face of market fluctuations makes it an attractive option for traders, and its real-world use cases are constantly expanding. With all this in mind, Chainlink is certainly worth keeping an eye on if you’re looking to invest or trade.
Chainlink Coin is a cryptocurrency that has experienced considerable growth since its launch in 2017. This is due to its many benefits, which make it an attractive option for traders. The main advantages of trading Chainlink Coin are its decentralized nature, low transaction fees and secure transactions.
In addition to Chainlink Coin, traders may also want to look into other coins such as Bitcoin, Ethereum, Litecoin and Ripple. All of these cryptocurrencies offer great potential for earning profits with minimal risks. So be sure to do your research before investing in any of these coins.
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* The spreads provided are a reflection of the time-weighted average. Though Skilling attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.
The above spreads are applicable under normal trading conditions. Skilling has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions'.
Why Trade [[data.name]]
Make the most of price fluctuations - no matter what direction the price swings and without capital restrictions that come with buying the underlying crypto asset.