Chainlink is considered as one of the top 17 cryptocurrencies by market capitalization. Recently, QuarkChain and Chainlink entered into a partnership for integrating its oracle technology into flexible throughput sharding technology, which will enable its developers and enterprises with an enhanced experience for the development of smart contracts. The integration of the Bytom blockchain would support in empowering of the smart contracts. This can enhance off-chain connection with the incoming and outgoing data, and the developers will have accessibility to real-world data.
By Chainlink, you can link the cryptocurrency in a decentralized format. Networks like Ethereum uses a ChainLink node and in turn pay their chosen ChainLink Node Operator using LINK tokens. LINK token is an ERC20 token, with the additional ERC223 “transfer and call” functionality of transfer enabling tokens to be received and processed by contracts within a single transaction. Smart technology and self-sustaining in operations LINK should be a part of your portfolio as a long-term investment.
ChainLink uses its technology in blockchains and smart contracts to access data feeds, web APIs, and traditional bank account payments to mimic real-world agreements which require external proof of performance, like bank payments, DD, etc. The ChainLink network utilizes the LINK token and ChainLink Node operators to retrieve data, compute it, format it and guarantee payments from off-chain data feeds.
Currently, ChainLink (LINK) is trading at $2.24360 with LINK price 3.22% up today. The market cap of ChainLink is USD 852,197,015 with 350,000,000 LINK circulating currently. The 24-hour price movement chart indicates that $69,908,325 worth of LINK were trading. The price peaked to $2.4800 in the last 24 hours while the lowest price was $2.3300.
Chainlink has been giving major performance goals to the crypto space. It is unstoppable and hence let us check out what the prediction sites have to say about Chainlink predictions:
Trading Beasts have given LINK prediction on a monthly basis and they have forecasted that by the end of 2019, Chainlink might reach $0.78 to the maximum and $0.53 to the minimum.
Coin Fan is good at giving optimistic numbers and has predicted that by the end of 2019, LINK might reach $3.18, which is way more bullish and optimistic a prediction. They have even forecasted that by 2023, LINK might reach as much as $300, which is an unbelievable prediction.
Digital Coin price also has given a monthly prediction for Chainlink and they have projected that by the end of 2019, LINK might reach $0.743, which is almost double the current price.
Wallet Investor is known for giving not so optimistic prediction for almost every digital currencies. Even for Chainlink, it is not quite different. They have predicted that by 2019 end, LINK might go down to $0.325.
Chainlink is popular for getting along with big names. It has recently partnered with a blockchain platform known as Wanchain which enables the users to connect and exchange value among a wide range of blockchain ledgers. The partnership with Chainlink would lead to off-chain information, payment gateways, APIs and more data. This integration might enable the developers to have access to the data, which might not be available while developing dapps. 2019 is going to be full of updates and integrations and by the end of the year, Chainlink might reach $0.907602.
Very recently, Binance, the world’s largest exchange has added 4 Chainlink pairs to its list of the supported coin-pair and that in itself is a huge boost for the LINK community. It has added coins like PAX, USDT, TUSD, and USDC (all Stablecoins). The best part about Chainlink is that it has been very stable and even cooperates with the banking system, which is a positive scenario which can boost up its value. Even Chainlink might integrate with more real-world data institutions like Web3 Foundation, which might help in triggering smart contract messages and the Polkadot project, which is a protocol that makes it possible for the independent blockchain platforms to exchange data. With all these developments, its imperative that LINK might reach $0.9 by 2019 end.
Celer’s partnership with Chainlink might bring real-world info to layer 2 scalability problem by 2020. This might lead to many developments like layer-2 conditional payment ability and lower costs which can make the micro-conditional payment possible. This integration might achieve a similar level of real-time user experience like that of centralized exchanges on the blockchain. This definitely would enhance the privacy of the payments by maintaining high confidentiality. By the end of 2020, Chainlink might reach $1.815204.
In 5 years Chainlink might grow up to be the champion in the crypto space, due to its achievements and developments. Even the rate of partnerships and adoption might increase exponentially by 5 years. These all positive aspects might enable LINK to go high up the ranking ladder and it might reach $2.269005 in 5 years time frame.
CoinSwitch.co is the world’s largest cryptocurrency exchange aggregator which supports 300+ coins and over 45,000+ pairs. It provides an easier way of trading through global exchanges like KuCoin, IDEX, Changelly, Cryptopia, ChangeNow and Changer without creating an account on them. If you are interested in buying cryptos, do give it a try!