Should I buy Crypto Link?

David Banks
Authored by David Banks
Posted Thursday, December 1, 2022 - 5:09am

At the beginning of the crypto era, just a few knew what that meant. Today probably everyone has heard about crypto assets, and many even strive to buy them. However, it is difficult to succeed without an understanding of what assets are worth buying and when is the best time for it.

Buying digital assets is advisable in the market drop. In that way, you will make a profit when you sell coins in the future based on the market growth.

On the other hand, some crypto projects do not survive the bear market. That is the reason why it's crucial to analyse the market and pick assets correctly. Pay attention to the project’s usefulness, technology and benefits it brings to the industry. For example, maybe it helps facilitate business transfers or connects real sector enterprises with blockchain technologies as Chainlink does.

What is Chainlink?

It is a decentralized oracle that allows off-chain companies to connect with crypto blockchains such as Ethereum and Solana, providing integration of smart contracts in business. Link is the native crypto asset that participates in smart contract execution. As of mid-November 2022, the Link cryptocurrency price is $6.16. There was a time when the Chain link price reached $52.

Chainlink was built on top of the Ethereum blockchain. The network includes:

  • developers of smart contracts;
  • security auditors;
  • data providers.

The Link coin showed several significant price increases throughout its history. Crypto experts believe this asset is undervalued. There are all chances that the Chainlink crypto price will show impressive growth when the market trend changes. The price prediction for 2023 is $13,32 for one Link coin. In the long run, the Link price is supposed to reach $80.

If you are interested in this coin, you can buy it on the WhiteBIT crypto platform. It is a safe and reliable exchange well-known in Europe. Novice traders particularly appreciate its user-friendly interface and convenient tools for trading. 

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