Chainlink is up 15% today, bringing LINK close to the $35 price point
Chainlink (LINK) achieved a 15% rise on Monday morning, hitting the price of $35. LINK has finally exited its below $30 month consolidation level and looks ready to revise prices not seen since the cryptocurrency market crash in May. Persistent interest could lead to an exponential rally if the current vertical price gradient is valid. Keep reading for more information about Chainlink as well as the best sites to buy LINK.
How & where to buy Chainlink in Brazil and elsewhere
Chainlink can be purchased on a wide range of online platforms. Regulated cryptocurrency brokers and exchanges are everywhere these days, so we’ve listed two of the most trusted ones below to help you get started. Sign up and verify an account before making a deposit so you can start trading once the funds reach your account. Avoid unregulated platforms – including decentralized exchanges – if you are not comfortable trading. These platforms are more reserved for advanced users as they are not regulated and are not responsible for the same standards as the licensed platforms.
eToro supports cryptocurrency trading in over 180 countries around the world in addition to 48 US states. The platform offers some of the lowest exchange rates and commissions in the industry. Buy LINK with eToro now Disclaimer
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What is Chainlink?
Chainlink is a very special type of cryptocurrency project and is known as an “oracle”. This means that the Chainlink network essentially acts as an intermediary between other blockchains (eg the Ethereum blockchain) and data outside the chain, such as a price feed. The decentralized nature of Chainlink means that the data it provides is difficult to tamper with, and this makes Chainlink data feeds highly secure and reliable compared to centralized oracles, which are vulnerable to single points of failure. Chainlink has proven to be instrumental in operating a number of highly successful dApps (decentralized applications), including major decentralized financial protocols such as Aave. The pricing data provided by Chainlink is the backbone of these applications and its function is highly dependent on the validity of this data.
Should I buy LINK today?
Chainlink has assembled a dedicated army of supporters, who call themselves “Link Marines,” and this is perhaps not surprising, given the obvious practical applications that Chainlink has already proven itself worthy of. The LINK made a big rally in May, and potential investors may be interested to know that today’s price hasn’t been seen since before the crash. This could be a sign that good things are to come. Several industry analysts have predicted a price tag of over $100 for Chainlink by the end of 2021, so now might be a great time to buy LINK.