A cryptocurrency and technology platform called Chainlink (LINK) gives blockchains price feeds and other data. The platform makes it possible for non-blockchain companies to securely communicate with blockchain platforms. Chainlink is a decentralized oracle network that links smart contracts built on the blockchain with extraneous data, such as baseball results or stock prices.
The proof-of-stake operating system (PoS) protocol is used by the Ethereum network, which is the foundation of Chainlink. Businesses using Chainlink have access to all major blockchain networks, including Ethereum and Solana. Anyone can view the project’s source code and make contributions because it is an open-source blockchain project.
Chainlink (LINK) Price Analysis
Chainlink’s price today is $6.06, with a market capitalization of $3B and a 24-hour trading volume up by 65%. Now it stands at $237 million. At the same time, the circulating supply is approximately 507,999,970 LINK, with a total supply limited to 1,000,000,000 tokens.
The price fell -0.17% during the session and was traded between 5.85 and 6.06 USD during that time. The price is currently +1.54% higher than its highest point and -1.98% lower than its lowest.
How Much Money Would You Make If Chainlink Reaches $10?
According to Cryptopredictions.com, LINK can go as high as $10.108 by December 2024. Let’s assume that you invest a modest $100 in Chainlink today.
According to today’s price, which is $6.07, you will have approximately 16.47 Chainlink coins. If Chainlink’s price hits $10 in the next few years, your $100 will become approximately $165. Let’s say you bought $100 worth of LINK coins today. With the current rate, you will have approximately 16.47 coins. However, you can potentially make $164 when it reaches the $100 mark.
Conclusion
Following the FTX liquidity problems, there has been market turmoil and more selling of cryptocurrencies. Other technical indicators, including MACD and the Relative Strength Index, have also displayed bearish signals. Investors are urged to conduct their own research before purchasing LINK.
Disclaimer: This is not investment advice. Please do your due diligence before investing in any asset.
Also Read: Here’s How Much Your $100 Investment in Polkadot Will Be Worth If DOT Reaches $10
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