The ChainLink platform acts as a decentralized Oracle network, allowing anyone to become an Oracle, the provider of data feeds, in exchange for LINK tokens. The ChainLink platform includes authentication, verification and reputation services to ensure the integrity of the network Oracle.
The team strives to create good products that are hyped, allowing users to queue up for release. Chainlink has been selected as one of the top blockchain technologies by leading independent research companies such as Gartner. It is known for providing highly secure and reliable oracles to large enterprises and leading smart contract development teams.
The price of Link tokens has been very variating as Chainlink continued to trade at $11.45 in January. The price soared to US$51.17 and hit a new high on May 2. When the market crashed on May 19, the price of LINK fell from US$36.8 to US$21. However, as of this point, the price has gradually soared. The Chainlink price is predicted to reach about $50 at the end of 2021. The expected maximum is $52, minimum price $42. The prediction of 2024 is for chainlink to be on $82.