The quick evolution of the cryptocurrency world has seen the revolt of many other players. This is typical and anticipated as the worldwide adoption of tokens persists to grow. This post is all about one such cryptocurrency called Chainlink. In this article, we will be looking at how to buy Chainlink on Binance. Let’s take a look at it in more detail.
What is ChainLink (LINK)?
ChainLink is a platform that aspires to refill the span between smart contracts on the blockchain and real-world applications. According to its website, ChainLink was designed by a company called SmartContract, launched in the year September 2014.
Usually, the blockchains on which smart contracts work cannot maintain inherent communication with the outside systems, and the significance that smart contracts give have been suppressed by their incapability to connect off-chain. The cryptocurrency LINK employs “oracles”, which catch and validate real-world data and convey it on-chain to be mixed into smart contracts.
The native token LINK is created into the network and is the sole currency that can be employed for crucial network functions. For instance, LINK is utilized to settle node operators that fetch data.
Chainlink (LINK) Price Analysis
Chainlink was on a beneficial uptrend in the early months of 2021 until its prices fired through the roof back in August, where prices varied from USD 7 to USD 20, or a price gain of almost 186%.
At the time of writing this, the LINK price is sitting at $14.84. The price of Chainlink contained to get out of the downtrend and split through the upper position, to go around to its initial sound uptrend. If you would buy Chainlink, a reasonable stop-loss price could be almost USD 10, where the price would breakout of the more subordinate medium. The other more plausible strategy could be if prices persist on their uptrend, and touch their prior all-time high of USD 20, where users could gain almost 54% gains, and that’s in the short term.
Where to buy Chainlink (LINK)?
The LINK coin is available on many major exchanges. When purchasing a cryptocurrency from an exchange, it is always necessary to pick a reliable one. In fact, we recommend using Gate.io, Binance, Bybit, Kraken, Coinbase, and Bitfinex to buy Chainlink.
How to buy Chainlink (LINK) on Binance?
The first method is to buy USDT using the P2P option.
Now, click on P2P.
Now, change the currency as per your preference and select a payment alternative. A dialogue box will emerge. Click the agreement tickbox and confirm.
Select the amount of USDT you want to trade. It will display how many USDT you will obtain. You can choose payment alternatives like PayPal, Skrill, Perfect Money, and Banco for the same. Once you complete the payment, your funding wallet will accept the asset.
Now, the next step is to swap your USDT for LINK. For this, again Click on the Binance Logo and then click on Trade. After this, click on convert. Once you have the USDT balance, swap it for Chainlink(LINK). It takes 5 seconds to confirm the transaction.
How to Buy Chainlink(LINK) using a Debit/Credit Card?
You can buy Chainlink with Debit and Credit cards as well. For this, click on buy crypto on the side of the Binance logo and then select buy Crypto with Debit/Credit Card option. The above screen will appear. Enter the amount you want to spend on buying LINK.
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Bitcoin and thus the entire crypto market has suffered huge setbacks in recent days. But now the Bitcoin price appears to have finally bottomed out. It could go up again shortly. Therefore, this article is all about the top 3 cryptocurrencies that could be intriguing for users to make good profits in the next few days. Let’s take a look at it in more detail.
Top 3 Cryptocurrencies: Ethereum (ETH)
The ether price dropped smartly during the previous correction. When Bitcoin suffered increased upsets for the first time in November, Ethereum stayed relatively steady. In the last crash, yet, the ether price sometimes fell below $3,000. In the meantime, the price has rebounded barely and went back over $3,300.
Many experts predict that Ethereum has the potential to touch $10,000 in the current cycle. Therefore, now appears to be a good chance to purchase cryptocurrencies like Ethereum.
Top 3 Cryptocurrencies: Dogecoin (DOGE)
Other than Ether, Dogecoin has been one of the cryptocurrencies that have surged in price over the past few days. Particularly the meme coins like Dogecoin and Shiba Inu have increased dashingly in the last few days. These coins still have massive growth potential during new bull runs.
In the second half of 2021, the dogecoin was somewhat overpowered by the new star among meme coins: Shiba Inu. In the spring, yet, the DOGE accumulated massively in value. The first and second quarters of 2022 could also be massively prosperous for Dogecoin. Thus, you should not miss this opportunity now.
Top 3 Cryptocurrencies: Chainlink (LINK)
Tokenization will be one of the most prominent crypto trends in 2022 and for years to arrive. Decentralized oracles play a significant role in this. Oracles make it possible to correctly capture data outside of the blockchain and make it available on the blockchain. Chainlink is currently considered to be the most thriving solution for these oracles.
In the Bitcoin market crash, the LINK price was able to withstand the downward trend. However, the price of the LINK token still appears to be massively underrated. If the overall market picks up again, Chainlink could be one of the cryptocurrencies that users can use to make high returns.