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Highlights
- Chainlink (LINK) gave a return of 82.04% YTD.
- More than 453 million LINK tokens were in the market as of Sept 2021.
- Chainlink hit an all-time high of US$52.88 on May 9, 2021.
Blockchain technology has come a long way since it was used to create Bitcoin in 2010 that drove its popularity. Today, it is used in many areas besides its extensive use in the crypto industry.
But blockchain also has certain limitations. Although its decentralized solutions provide superior security by restricting open access, it has limitations in accepting input data.
Hence, the Chainlink (LINK) crypto has come up with a solution to solve the problem.
Also Read: Globalink IPO: How to buy the stock?
What is Chainlink?
Chainlink is an Ethereum token that powers the Chainlink decentralized oracle network. The network enables the Ethereum smart contracts to securely connect to the external data sources, APIs, and payment systems. In addition, it provides critical off-chain information required by the complex smart contracts to become the dominant form of digital agreement.
This Chainlink network is operated by an open-source community comprised of data providers, node operators, contract developers, and others. The firm intends to guarantee decentralized participation for all node operators and users willing to contribute to the network.
The firm was founded in 2017 by Sergey Nazarov, the current CEO of Chainlink Labs.
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Source: *Data provided by CoinMarketCap.com
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Chainlink (LINK) price, performance
The Chainlink token was priced at US$20.51 at 3:17 pm ET on December 7, down by 11.15%. Its market cap is US$9.57 billion, while its fully-diluted market cap is US$20.51 billion.
Chainlink's 24-hour trading volume was worth US$1.17 billion. Its 52-week highest and lowest prices were US$52.88 and US$8.51, respectively. Chainlink gave a return of 82.04% YTD.
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Chainlink (LINK) supply and how to buy the token?
Chainlink had announced 1 billion tokens during its initial coin offering (ICO) in Sept 2017. As of September 2021, it had a supply of around 453.50 million tokens or about 45% of the total supply. In its ICO, Chainlink sold 350 million tokens for US$0.11 per token.
The Chainlink token is among the most popular cryptos in the market. It can be purchased from exchanges like Binance, Coinbase Pro, Kraken, etc.
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Bottomline
Interested buyers should study the market carefully before investing in cryptos. The year 2021 has been a boon for the crypto industry, pushing many digital assets to record highs. Chainlink hit an all-time high of US$52.88 on May 9, 2021.
