Bitcoin
Bitcoin (BTC)
$57,842.00 1.4756
Bitcoin price
Ethereum
Ethereum (ETH)
$3,126.55 1.05688
Ethereum price
BNB
BNB (BNB)
$533.26 2.02603
BNB price
Solana
Solana (SOL)
$138.73 1.94486
Solana price
XRP
XRP (XRP)
$0.4799860 6.49135
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000165 2.17769
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000087 -1.40137
Pepe price
Bonk
Bonk (BONK)
$0.0000229 -1.75455
Bonk price
Bitcoin
Bitcoin (BTC)
$57,842.00 1.4756
Bitcoin price
Ethereum
Ethereum (ETH)
$3,126.55 1.05688
Ethereum price
BNB
BNB (BNB)
$533.26 2.02603
BNB price
Solana
Solana (SOL)
$138.73 1.94486
Solana price
XRP
XRP (XRP)
$0.4799860 6.49135
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000165 2.17769
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000087 -1.40137
Pepe price
Bonk
Bonk (BONK)
$0.0000229 -1.75455
Bonk price
Bitcoin
Bitcoin (BTC)
$57,842.00 1.4756
Bitcoin price
Ethereum
Ethereum (ETH)
$3,126.55 1.05688
Ethereum price
BNB
BNB (BNB)
$533.26 2.02603
BNB price
Solana
Solana (SOL)
$138.73 1.94486
Solana price
XRP
XRP (XRP)
$0.4799860 6.49135
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000165 2.17769
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000087 -1.40137
Pepe price
Bonk
Bonk (BONK)
$0.0000229 -1.75455
Bonk price
Bitcoin
Bitcoin (BTC)
$57,842.00 1.4756
Bitcoin price
Ethereum
Ethereum (ETH)
$3,126.55 1.05688
Ethereum price
BNB
BNB (BNB)
$533.26 2.02603
BNB price
Solana
Solana (SOL)
$138.73 1.94486
Solana price
XRP
XRP (XRP)
$0.4799860 6.49135
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000165 2.17769
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000087 -1.40137
Pepe price
Bonk
Bonk (BONK)
$0.0000229 -1.75455
Bonk price

Chainlink Price

link
link Chainlink
$12.77
24h Volume $354,162,253
Market Cap $7,764,380,853
24h Low/High $12.30 / $12.85
24h 2.73%
7d 3.9%

Chainlink to USD price Chart

LINK price live data

The Chainlink price is currently at $12.77, as of July 13, 2024. Over the past 24 hours, the price of LINK has moved by 2.73%. The 24-hour trading volume for Chainlink stands at $354,162,253. Over the past year, the LINK price has experienced a 103.85% change. Chainlink now holds the 17 position in crypto.news rankings, with a market capitalization of $7,764,380,853. The circulating supply of LINK is currently $608,099,971. The metrics are updated every minute for real-time accuracy.

About Chainlink

Chainlink is one of the world’s most popular crypto networks. It serves as a virtual bridge between blockchain-based and non-blockchain-based app development environments. 

This network facilitates transferring data from off-chain to on-chain sources via smart contracts. The developers claim it can retrieve data from any Application Programming Interface (API), connect with existing software systems, and integrate with any other blockchain.

LINK is the native token of the Chainlink network. The developers held an initial coin offering (ICO) for LINK in 2017. Since then, the token has appreciated significantly and is one of the most popular cryptocurrencies worldwide. As of July 13, 2024, LINK is the 17 biggest cryptocurrency worldwide by market capitalization.

This article will dive deep into Chainlink’s origins and purpose. Our information will help you decide whether this blockchain and its associated token have good utility.

What is Chainlink and its purpose?

Chainlink is a decentralized blockchain oracle network. To the uninitiated, a blockchain oracle is a third-party service connecting smart contracts with external applications, whether blockchain-based or not. The job of a blockchain oracle is to import data from external apps or export data to external apps. Decentralized oracle networks, DONs for short, enable people to build hybrid smart contracts combining on-chain code with off-chain infrastructure.

This blockchain enables developers to import data from external apps to blockchain networks. It ensures that external information given to on-chain smart contracts is accurate, reliable, and secure. For example, programmers can use it to build a blockchain-based weather forecast app that imports data from traditional weather APIs.

Brief history of Chainlink

This blockchain was created in 2017 by two entrepreneurs and programmers named Sergey Nazarov and Steve Ellis. They co-authored a whitepaper outlining their blockchain concept alongside a Cornell University professor named Ari Juels. 

The two creators held an initial coin offering for their platform’s native token, LINK, in 2017. The ICO raised the fully targeted amount of $32 million. Its debut price was $0.11 apiece, and the current price is $12.77.

Understanding Chainlink price

The price of LINK is largely tied to the development of its parent blockchain network. If more developers adopt Chainlink to build their apps, the blockchain will see increased demand for its native LINK token, which would, in turn, lead to a price increase. Inversely, if demand for the network falls, demand for the LINK coin will also fall and cause a price depression.

Historical price analysis

The LINK price debuted at $0.11 in its ICO in September 2017. It rose gradually in the ensuing years, especially in the crypto bull market between 2020 and 2021. LINK reached its highest price of $52.70 on May 10, 2021.

However, the LINK coin price has largely changed alongside the broader crypto market from 2021 till now. It currently trades at $12.77, a -75.74% from its all-time high (ATH).

Chainlink market data

Daily trading volume

The LINK token has a daily trading volume of $354,162,253. The token ranks 17 worldwide for daily trading volume, meaning there’s a very liquid market. If you need to buy or sell this cryptocurrency, you shouldn’t have any problems doing that.

All-time high and low prices

The highest price of this token was seen on May 10, 2021 when it reached $52.70 apiece, giving it a record market capitalization. Its lowest price since debuting on mainstream exchanges was $0.1481830 on November 29, 2017.

Market capitalization

This token has a current market capitalization of $7,764,380,853, enough to rank it amongst the top digital assets. It has a circulating supply of $608,099,971 and a maximum supply of 1 billion.

Developers can earn tokens by offering off-chain services and information via an API connected to Chainlink. The circulating supply increases as more developers do this.

Fully diluted valuation

The fully diluted market capitalization refers to the total value of a coin when it has reached maximum supply. For Chainlink, this means when the supply hits 1 billion tokens. There’s no guarantee that the market value of LINK will increase alongside its supply; the fully diluted market capitalization is currently estimated at $12,768,263,805.

Chainlink trading and storing

Where to buy LINK

You can buy it on any legitimate centralized or decentralized storage that supports the Ethereum blockchain. Chainlink is among the most popular digital tokens, so most exchanges supporting Ethereum-based tokens list it. You can easily buy LINKs and send them to your crypto wallet.

Adding Chainlink to MetaMask

MetaMask is the most popular wallet for storing decentralized tokens. You can add LINK to your MetaMask wallet with these few steps:

  1. Head to your MetaMask wallet and ensure you’re on the Ethereum Mainnet network. 
  1. Click Import Tokens and look for LINK. 
  1. Click the LINK option and confirm the addition to your MetaMask digital wallet.

FAQs

Is Chainlink a pump and dump?

No, it is not a pump-and-dump scheme. The network has constantly improved since its release in 2017. Many developers have used it to build decentralized applications and proven its utility. It powers many blockchain-based apps, including games, marketplaces, insurance, NFT collectibles, etc.

Who are the founders of Chainlink?

Chainlink was founded in 2017 by Sergey Nazarov and Steve Ellis. The former serves as chief executive officer (CEO) of the project, and the latter serves as chief technology officer (CTO) to date. They remain dedicated to building new features and courting developers toward their platform.

Why is Chainlink so valuable?

There’s a dire need for seamless data exchange between blockchain-based and non-blockchain-based apps. Chainlink offers a platform that makes this happen with little hassles. It uses decentralized nodes for data flow, which makes the data exchange more reliable. Thanks to this platform, smart contracts can easily interact with data from off-chain apps, and developers can create useful apps for people.
Chainlink was one of the first virtual bridges between on-chain and off-chain apps and remains very popular.

What is Chainlink token used for?

The Chainlink crypto – called LINKs – is the only accepted currency for paying network operators to retrieve off-chain data from external sources and convert it into a format that on-chain apps can read. This is why the more developers adopt the network, the higher the demand for LINK tokens and a consequential price appreciation for holders.  

LINK Price Statistics

Chainlink Price $12.77
Price Change 24h 2.73%
Price Change 7d 3.9%
Trading Volume 24h $354,162,253
24H Low $12.30
24H High $12.85

Chainlink Market Cap

Market Cap Rank #17
Market Cap $7,764,380,853 2.6%
Fully Diluted Valuation $12,768,263,805

Chainlink Price History

All-Time High May 10, 2021 $52.70 -75.74%
All-Time Low November 29, 2017 $0.1481830 8528.72%

Chainlink Supply

Circulating Supply $608,099,971
Max Supply $1,000,000,000
Total Supply $1,000,000,000

Latest Chainlink News

Cross-chain hub Interport Finance joins Chainlink BUILD
News
Read more - Cross-chain hub Interport Finance joins Chainlink BUILD

Cross-chain hub Interport Finance joins Chainlink BUILD

Interport Finance, a DeFi protocol offering fast cross-chain swaps and bridge solutions, has joined the Chainlink BUILD program. The project will leverage Chainlink‘s oracle services and technical support to bolster its ecosystem. Key areas of focus will include broader DeFi…
Chainlink LINK
Web3 infrastructure startup ThirdFi secures $2m in token funding backed by Chainlink
News
Read more - Web3 infrastructure startup ThirdFi secures $2m in token funding backed by Chainlink

Web3 infrastructure startup ThirdFi secures $2m in token funding backed by Chainlink

Distributed web3 infrastructure startup ThirdFi has raised $2 million in token funding backed by Chainlink, Techstars, and others. ThirdFi, a web3 infrastructure startup aimed at making decentralized finance more accessible via API, has secured $2 million in its THI token…
Chainlink whales buy the dip, grab 6.2 million LINK
News
Read more - Chainlink whales buy the dip, grab 6.2 million LINK

Chainlink whales buy the dip, grab 6.2 million LINK

Chainlink whales used last week’s crypto downturn to add to their holdings, on-chain data shows.  On Monday, crypto analyst Ali Martinez shared details showing that large holders of the Chainlink (LINK) grabbed more than 6.2 million of the cryptocurrency over…
Chainlink LINK
Chainlink climbs as Hedera tops developer activity leaderboard
News
Read more - Chainlink climbs as Hedera tops developer activity leaderboard

Chainlink climbs as Hedera tops developer activity leaderboard

Chainlink saw a considerable spike in developer activity in June as the decentralized oracle network climbed into second spot behind Hedera, according to data by market intelligence platform Santiment. According to Santiment analysis, Hedera remained crypto’s top coins in terms…
Chainlink LINK