Bitcoin
Bitcoin (BTC)
$51,015.00 -0.2105
Bitcoin price
Ethereum
Ethereum (ETH)
$2,906.49 0.01112
Ethereum price
BNB
BNB (BNB)
$368.79 6.10437
BNB price
Solana
Solana (SOL)
$102.87 -2.24205
Solana price
XRP
XRP (XRP)
$0.5387280 -1.80072
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000094 -1.87298
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000011 -1.83596
Pepe price
El Hippo
El Hippo (HIPP)
$0.0000000058500 -1.83581
El Hippo price
Bonk
Bonk (BONK)
$0.0000116 -3.83593
Bonk price
Bitcoin
Bitcoin (BTC)
$51,015.00 -0.2105
Bitcoin price
Ethereum
Ethereum (ETH)
$2,906.49 0.01112
Ethereum price
BNB
BNB (BNB)
$368.79 6.10437
BNB price
Solana
Solana (SOL)
$102.87 -2.24205
Solana price
XRP
XRP (XRP)
$0.5387280 -1.80072
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000094 -1.87298
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000011 -1.83596
Pepe price
El Hippo
El Hippo (HIPP)
$0.0000000058500 -1.83581
El Hippo price
Bonk
Bonk (BONK)
$0.0000116 -3.83593
Bonk price
Bitcoin
Bitcoin (BTC)
$51,015.00 -0.2105
Bitcoin price
Ethereum
Ethereum (ETH)
$2,906.49 0.01112
Ethereum price
BNB
BNB (BNB)
$368.79 6.10437
BNB price
Solana
Solana (SOL)
$102.87 -2.24205
Solana price
XRP
XRP (XRP)
$0.5387280 -1.80072
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000094 -1.87298
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000011 -1.83596
Pepe price
El Hippo
El Hippo (HIPP)
$0.0000000058500 -1.83581
El Hippo price
Bonk
Bonk (BONK)
$0.0000116 -3.83593
Bonk price
Bitcoin
Bitcoin (BTC)
$51,015.00 -0.2105
Bitcoin price
Ethereum
Ethereum (ETH)
$2,906.49 0.01112
Ethereum price
BNB
BNB (BNB)
$368.79 6.10437
BNB price
Solana
Solana (SOL)
$102.87 -2.24205
Solana price
XRP
XRP (XRP)
$0.5387280 -1.80072
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000094 -1.87298
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000011 -1.83596
Pepe price
El Hippo
El Hippo (HIPP)
$0.0000000058500 -1.83581
El Hippo price
Bonk
Bonk (BONK)
$0.0000116 -3.83593
Bonk price

Chainlink Price

link
link Chainlink
$18.26
24h Volume $566,881,326
Market Cap $10,730,344,857
24h Low/High $18.23 / $19.46
24h -2.4%
7d -8.74%

Chainlink to USD price Chart

LINK price live data

The Chainlink price is currently at $18.26, as of February 21, 2024. Over the past 24 hours, the price of LINK has moved by -2.4%. The 24-hour trading volume for Chainlink stands at $566,881,326. Over the past year, the LINK price has experienced a 137.58% change. Chainlink now holds the 13 position in crypto.news rankings, with a market capitalization of $10,730,344,857. The circulating supply of LINK is currently $587,099,971. 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 February 21, 2024, LINK is the 13 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 $18.26.

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 $18.26, a -65.32% from its all-time high (ATH).

Chainlink market data

Daily trading volume

The LINK token has a daily trading volume of $566,881,326. The token ranks 13 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 $10,730,344,857, enough to rank it amongst the top digital assets. It has a circulating supply of $587,099,971 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 $18,276,861,491.

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 $18.26
Price Change 24h -2.4%
Price Change 7d -8.74%
Trading Volume 24h $566,881,326
24H Low $18.23
24H High $19.46

Chainlink Market Cap

Market Cap Rank #13
Market Cap $10,730,344,857 -2.36%
Fully Diluted Valuation $18,276,861,491

Chainlink Price History

All-Time High May 10, 2021 $52.70 -65.32%
All-Time Low November 29, 2017 $0.1481830 12234.57%

Chainlink Supply

Circulating Supply $587,099,971
Max Supply $1,000,000,000
Total Supply $1,000,000,000

Latest Chainlink News

Spanish telecom giant Telefonica taps Chainlink to secure API connections on Polygon
News
Read more - Spanish telecom giant Telefonica taps Chainlink to secure API connections on Polygon

Spanish telecom giant Telefonica taps Chainlink to secure API connections on Polygon

One of Spain’s largest telecommunication companies, Telefonica, has selected Chainlink to connect its systems to Polygon. Spanish telecom giant Telefónica has announced a partnership agreement with Chainlink Labs to leverage Chainlink Functions to establish secure connections between telecom systems and…
Chainlink whales enter $130m profit-taking spree; will LINK price react?
Markets
Read more - Chainlink whales enter $130m profit-taking spree; will LINK price react?

Chainlink whales enter $130m profit-taking spree; will LINK price react?

Chainlink (LINK) price has stagnated since breaking above the $20 mark on Feb. 10, as on-chain data trends suggest that whale investors booking profits could trigger a pullback.
Chainlink takes over Dogecoin in market cap: Why is LINK pumping?
Markets
Read more - Chainlink takes over Dogecoin in market cap: Why is LINK pumping?

Chainlink takes over Dogecoin in market cap: Why is LINK pumping?

Chainlink, the biggest blockchain oracle network in crypto, has overthrown Dogecoin (DOGE) as the 11th-largest cryptocurrency on the market. 
PYTH, LINK, RNDR lead crypto market as top gainers following development activity
Markets
Read more - PYTH, LINK, RNDR lead crypto market as top gainers following development activity

PYTH, LINK, RNDR lead crypto market as top gainers following development activity

In a surge of positive news, Pyth Network, Chainlink, and Render have emerged as the top three gainers on Jan. 31. Pyth Network, a real-time market data provider for crypto and financial derivatives, experienced an 8% surge to $0.44 following…