What is LINK Coin?
*Link is the native token for the chain link technology. it does a similar thing to what other tokens like ETH and ADA do for Ethereum and Cardano's technology. for example, users can stake the coin and earn return over time.
*Chainlink is a blockchain project, who help other blockchain platforms to communicate with external data. like- it can integrate external data like sports scores and shares prices into a blockchain projects. it completes this using a technology known as oracle, which inputs this data into the blockchain.
*Chain link also provides solution that are necessary to eliminate data counterparty risks in the smart contracts industry. Chainlink is used by biggest blockchain project like Cardano, Filecoin, and polygano. technology is used by leading companies in the world like oracle and google.
Founder of Chainlink
*Chainlink was created in 2017 by Sergey Nazaroy and Steve Ellis, who co-authored a while paper introducing the chainlink protocol and network with Cornell University professor Ari Juels the same year. Chainlink acts as a "bridge" between a blockchain and off- chain environments. The network, which services smart contracts, was formally launced in 2019.
Is it best time to buy Link coin today?
*While I remain bullish on Chainlink, technicals are currently stuck at neutral. This means that this is not the best time to buy the coin because it is stuck at the short and longer moving averages. As such, there is a possibility that its price will break out in either direction. Still, for long-term investors, it can make sense to buy the coin since its price will likely bounce back.
Where to buy link
*Anybody can buy link in all cryptocurrencies exchanges like Coinbase, Huobi, Poloniex and FTX.
How many Chainlinks coins are there in circulation?
*Chainlink announced a total and maximum supply of 1,000,000,000 LINK tokens. The current supply is about 453,509,553 LINK tokens, or about 45% of the total supply, as of end September 2021. The chainlink price at ICO was $0.11 and a total of 350 million LINK tokens were sold. This represents an over 200x from the ICO price to chainlink price today.
Future analysis of Chainlink
*Now link resistance at 11.22-11.38, if we break here with volume and hold this area next resistance at 15.08-15.18 next resistance at 19.40-19.60
*Next strong resistance it may reject many times 28.70-28.90 next resistance at 36.60 next resistance at 52.40.
*Link is good for long-term. if you invest next 2-3 years in link it will give you 15-20x return here. Now link already 10x down from all time high.
*Now good time to invest in market now gave a opportunity for long-term investors don't invest all amount in single coin try to diversify your portfolio crypto is high volatile market.
*Don't think big profit in short term gave 2-3 years atleast if you want good return for your invested money.
*Read my other coin post share with your friends.
