The current price of Chainlink is $ 5.73 USD and the LINK volume today is $ 286,655,329 USD. Chainlink’s price changed 7.15% in 24 hours. MarketCap LINK is $ 2,819,053,593. The current CoinGecko #23 ranking.
Chainlink is the first platform of decentralized “oracle” (nodes) service. What does it mean? This network goals to connect Smart Contracts with Data from the external systems or API. Chainlink was developed by Steve Ellis and Sergey Nazarov in 2017.
In total, they raised 32 mln USD in the ICO. In this process, they’ve set a total supply of Chainlink token (LINK) at level 1 billion tokens. On 16th August 2020, Chainlink had its own ATH (All-Time High price), which was equal to 19.85 USD.
Chainlink is the most promising coin (or actually token) currently. Since 29th March 2020 LINK price has increased from $2.01 to $4.00 (based on the above Chainlink price chart) as of 29th May 2020.
Price of LINK crypto has changed slightly over the past year. A major change happened in February this year, but the price returned quite quickly to a “stable” level.
The reason why the Chainlink price has increased was an active partnership with Polkadot in DeFi sector and of course high liquidity this crypto. Several huge crypto exchanges listed this coin on its platform. The bigger capitalization and demand to LINK token affected on Chainlink price.
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