Chainlink price

See that upward trend up here? That's the price of Chainlink, the best performing cryptocurrency of 2019. This is remarkable, since LINK is a relatively new coin and only exists since September 2017. Do you want to know what the price did today? Or just the past year? Adjust the price chart any way you like.

Although Chainlink hasn't been around very long, it has had many tonight-we-gonna-party-like-it's-1999 moments. But only two decades later...

There were weekends in which Chainlink gained more than 100%, and days of 70%. But, why? What's so special about Chainlink?

In short, the folks from Chainlink make sure that blockchains can be linked to current data. Previously, a smart contract could only process static data of what could already be found on the blockchain: in other words, only information about crypto.

Thanks to Chainlink's software, you can now also use dynamic data smart contracts. Think of football results, which can be uploaded into smart contracts. That way, if you lose all your money in a bet, at least it will be stored on the blockchain for all of eternity!

The price of Chainlink keeps moving, 24 hours a day, 365 days a year. The price is always open and available. And you can always trade via BLOX.

• In September 2017, Chainlink was introduced to the free crypto market. One LINK cost 0.17 euro. A bargain, as it would turn out later.

• At that time, the entire crypto market was in a bull market, and LINK also rose rapidly. On 8 January 2018 LINK reached a peak of no less than 1.08 euro.

• But just after that, the whole market collapsed. Not only Chainlink, but almost all coins lost a lot of value. On 7 February, the coin was worth just 0.38 euro, only to drop even further to 0.18 euro in June.

• In hindsight, that was the second chance to stash some LINKs at a bottom price. The whole crypto market kept spiralling, but Chainlink recovered well. Half a year later, in January 2019, the value had already risen to 0.50 euro.

The Chainlink team is a marketing and sales machine. And their work is quite easy, since every blockchain builder wants to work with Chainlink.

Every new partnership announcement is received with great excitement, mainly because this often indicates an upward price trend. Even partnerships with smaller blockchain teams create sensational buzz.

An example: ICON (a top 100 coin) was looking for a blockchain partner, which eventually became Chainlink. On the day of the announcement, both coins rose with 10%!

That’s already quite impressive, and we haven’t even mentioned the effect of the collaborations with SWIFT, Google, and Oracle.

So: keep your eye on the price, but don’t forget to also look out for new partnerships.

Even though everyone is raving on about the LINK price, do not forget that the party can be over at any time. Cryptocurrencies remain risky and volatile. So if you want to invest, always do proper research beforehand and only start buying once you’re completely sure you want to. Coins such as Chainlink may generate a lot of profits, but you can also lose (a part of) your investment.