Every time you open an article with a title like "Find out which altcoin has surprisingly increased 247% in the last year", what you will read is that every time it will be about Chainlink.

At the time of writing this article, the price of chainlink is 4,288 USD, it presented a fall of 10.52% for three hours
This positions us in a favorable buying zone as between 0.618% and 0.5% of fibonnacci retracement the bulls detained the bearish from a hit.

So what makes Chainlink unique? It's not so much that it's been massively pumped in the last year, altcoins pump all the time, it's the fact that Chainlink maintains its value. As high as its rise has been, but we should still ask ourselves: is Chainlink a good project with solid foundations? Chainlink's value proposition is that it will be used as a payment mechanism to support a network of decentralized oracles.

if we add to this the association with the Korean giant Kakao these are important moments.

It is more than obvious that there is a great need for a decentralized oracle in the crypto ecosystem.

Since an incident in the crypto ecosystem well illustrates this need. On Black Thursday, the price of Bitcoin collapsed by more than 50%, as did the price of many alternative currencies.
 Ethereum went from $ 180 to $ 95 in just 20 hours.

It was all the result of a massive liquidation, or termination, of the MakerDAO loans as the value of the MakerDAO loan guarantee (ETH) fell so quickly that merchants did not have enough time to add more guarantees before they were liquidated ( ace).

That mistake prevented the liquidation of hundreds of CDPs and, at the same time, showed that just when accurate pricing information is paramount, an oracle can fail.

If the Oracle feed had failed in the opposite direction, and caused ETH's price to appear lower than it was, hundreds of loan holders would have been eliminated despite having enough guarantees to back their positions.

We frame the failure of Maker DAO as it is just one example of how traditional price feed oracles can fail while Chainlink keeps working. Even in good times, it is essential to have a decentralized oracle, as this ensures that no powerful organization or individual can manipulate prices to benefit.

How to buy Chainlink (if you don't have crypto)
If you don't have crypto yet, you can use the Cash app, Coinbase, or other service to buy Bitcoin or another popular crypto that you can then exchange for LINK.

In addition, some services allow you to buy Chainlink directly with FIAT currencies such as the US dollar and the euro.

Here's how to buy Chainlink on Coinbase.

*At the top of the Coinbase page, click "Portfolio"
*Find and click "Chainlink"
*Click "Buy Chainlink"
*Select how much Chainlink you want to buy and what is your preferred payment method
*Click buy

However, once you have purchased your LINK, we always recommend that you remove it from the exchange and store it in a cold wallet 

if you want to know more about cold wallets read our previous posts 

* in 2020 It doesn't matter if you have an Android or an iPhone your crypto is at risk

* According to specialist, every day USD 2.5 million is stolen in cryptocurrencies