Chainlink (LINK) CFD Trading

Rapid growth potential with multiple usability. Smartest oracle network & official Cloud Partner in blockchain technology at Google. Buy & invest in Chainlink ( LINK ) with ATFX today.

Why trade Chainlink with ATFX?

Zero Commissions

ATFX charges no commission on Chainlink CFDs trading, and no bank fees for deposits and withdrawals from your ATFX account, dramatically improving the bottom line for Chainlink traders.

Trading Open 24/5

Trade Chainlink CFDs 24 hours a day, five days a week with the ability to open and close positions as you see fit with ATFX, your preferred Chainlink broker.

Go Long as Well as Short

Trade the ups and downs of Chainlink with our CFDs.

Trade Chainlink on Leverage

With ATFX you don’t own the actual cryptocurrency, but you still gain exposure to Chainlink’s price changes, and you only need to have 50% of the position value as margin. This also means that any profits or losses will be magnified and it is important that you understand the risks involved.

Chainlink (LINK) Price Today

Trading Conditions

Name LINK vs US Dollar
PRODUCT
LNKUSD
MINIMUM SPREADS
0.080
LOTS SIZE (MIN/MAX)
0.1/10
CONTRACT SIZE
100
PIP VALUE/LOT
1 USD
CURRENCY
USD
1:400 ACCOUNTS
1:10 Leverage
1:200 ACCOUNTS
1:10 Leverage
1:100 ACCOUNTS
1:10 Leverage
SWAPS
Refer to Trading Platform
TRADING HOURS* (MON)
00:05-23:59
TRADING HOURS* (TUE-THU)
00:01-23:59
TRADING HOURS* (FRI)
00:01-23:55

Buy & Invest in LINK - Chainlink

What is Chainlink?

Chainlink is a decentralised oracle network that feeds off-chain data to the blockchain. Blockchain technology and smart contract platforms have taken the world by storm. The deployment of smart contracts on blockchain networks has opened the door for various applications. Many decentralised applications require real-world data to function correctly. However, since blockchains are siloed networks, it is not easy to securely feed them with external data. That’s where blockchain oracles like Chainlink come into play. what-is-chainlink The Chainlink crypto network lets different blockchains securely interact with centralised and decentralised external data feeds. The blockchain project was founded in 2017 by Sergey Nazarov and Steve Ellis. It was developed by Chainlink Labs, a For-Profit organisation based in San Francisco and incorporated in the Cayman Islands. The team raised $32 million via an ICO in 2017. The ICO price was set at 2600 LINK = 1 ETH, and 35% of the total token supply was sold to the public.

How does Chainlink work?

If you are searching for ‘where to buy Chainlink?’, you must first understand ‘how does Chainlink work?’ Let us start with the definition of smart contracts. Smart contracts are agreements recorded on the blockchain that can perform specific tasks when the underlying conditions are met. These smart contracts rely on both on-chain and off-chain data to function. When a smart contract requires some off-chain data, it must receive them as an on-chain format.

Chainlink is a network of nodes that act as oracles to feed (input) off-chain information into different smart contracts. An oracle is also known as ‘middleware’ since it is an intermediary between a blockchain and the real world. It is important to note that centralised oracles can also translate external data for blockchains. However, these centralised middleware software have a significant weakness in that the data can be easily compromised since it is stored in a central location. It is also quite challenging to determine the accuracy of the data taken from such sources.

Chainlink solves the above problem by not relying on a single data source and aggregating data from multiple sources. So if any node delivers a different answer from the other nodes for the same data request, the aggregating contract immediately knows that it is compromised.

Chainlink staking & network architecture

Whenever a smart contract needs some off-chain data, it generates a Requesting Contract for that information. The protocol then creates a blockchain chainlink Service Level Agreement (SLA) contract. This SLA Contract, in turn, generates three subcontracts known as a Reputation Contract, an Order-Matching Contract and an Aggregating Contract.

The Reputation Contract verifies the authenticity of a node by going through its past performance and history. The Chainlink Order-Matching Contract broadcasts the specifications to the nodes on the network. After choosing a set of oracles, the Aggregating Contract reconciles the data from all sources for an accurate result.

The clients pay the oracles in LINK tokens. The node operators must also stake LINK tokens to prove their commitment to the network. In case of any wrongdoing, the faulty nodes are penalised. In this manner, the circulating supply of LINK tokens also gets reduced due to Chainlink staking by the nodes.

How much could you have made if you bought LINK early?

The LINK token is the native asset of the Chainlink network. Therefore, its prices are directly tied to the platform’s success. If you’re asking yourself whether Chainlink is a good investment, you must already know that it generated a lot of gains for early investors. The cryptocurrency was launched In 2017 via an ICO. It proved to be one of the most lucrative investments during the ICO era. chainlink The cryptocurrency began trading on various exchanges in November 2017. Considering the current LINK price of $12, it has given a return of more than 10,000% to the ICO investors. The above returns also show that the coin is up 1000% from its ICO price when measured in BTC. This proves that it was one of the most sought-after cryptocurrencies right from its initial days. If you are interested about starting to invest and want to know more about how to buy Chainlink, don’t worry, we got you covered. what-affects-chainlink-price

What affects the Chainlink price?

Like any other cryptocurrency, a direct correlation has been observed between Chainlink and Bitcoin prices. The correlation became evident when Bitcoin prices soared to record highs in 2017. The massive influx of retail investors into the crypto market pushed BTC prices up to $20,000 in December 2017. Since most cryptocurrencies were paired against Bitcoin on exchanges, their prices also went ballistic. By January 8th 2018, Chainlink was already trading at $1.45. This was nearly a 13 fold increase from its ICO price. The chart above shows the surge in LINK prices at the start of 2018. As the Bitcoin price entered a bear market, Chainlink prices also fell rapidly. However, it recovered abruptly in 2019 due to its mainnet launch and soared to $4.60 in June 2019. This was a price increase of over 2500% from its December 2018 lows of $0.20. By March 2020, LINK was trading at $4.97. Shortly afterwards, the global markets crashed due to fears triggered by the pandemic-induced lockdowns. The Chainlink price also crashed but bottomed out at $1.36. A massive bull run then followed the crash showing that the Chainlink price is susceptible to global economic uncertainty just like any other asset. As the equities and traditional markets recovered in the 2nd half of 2020, LINK prices also followed the uptrend. In the fall of 2020, Bitcoin prices started soaring again, with the leading crypto soaring above $20,000 in December 2020 before making new all-time highs. In addition to the retail investors, many institutions also entered the crypto markets. The move flooded the markets with plenty of capital, and crypto prices surged to record highs. During this time, investor interest in Chainlink also increased as the protocol became the backbone of the DeFi industry. Chainlink prices surged to their all-time highs of $53 in May 2021, which is still the all-time high for LINK prices. However, the current downtrend in Bitcoin prices has significantly affected the Chainlink price, and the coin is trading at $12 over this period. Therefore, any future Chainlink price prediction is usually dependent on Bitcoin’s price action as well.

What is the circulating supply of Chainlink’s LINK coin?

The circulating supply of LINK crypto tokens also plays a significant role in its price action. Chainlink has a maximum supply of 1,000,000,000 coins, out of which 467,009,549 are in circulation. Hence, it is the 27th largest cryptocurrency with a market cap of $5.58 billion. how-invest-in-chainlink

How can you invest in Chainlink?

If you’re wondering where to buy Chainlink crypto, there are several ways to trade its native asset LINK. These include the spot market, futures contracts and CFDs. If you’re a trader and want exposure to the volatility of LINK’s price action, CFD trading could be a great option. CFD or contracts for difference allow you to trade large positions with very little capital using what is known as ‘margin’. In CFD trading, you don’t own the cryptocurrencies; instead, you speculate on the direction the prices are heading. Therefore, CFDs are ideal products for investors with low initial capital. Another benefit of leveraged products like CFDs is that you don’t have to hold or manage the crypto assets on the blockchain.

FAQ

Chainlink is a network of nodes that act as oracles to feed off-chain information into different smart contracts.

Chainlink prices follow Bitcoin’s price action, just like most other altcoins. However, it also depends on how many future Dapps adopt its underlying technology. Furthermore, major network upgrades and big news can also affect its prices.

You can trade Chainlink using a reliable CFDs broker like ATFX.com. You can also buy it from crypto exchanges like Binance, Coinbase, Kucoin, Kraken, etc.

The best way to gain exposure to Chainlink is by trading CFDs. This is because they allow you to hold a much bigger position with just a fraction of capital via what is known as ‘margin’.

There are no minimum requirements. You can invest as low as $10 on most spot exchanges. In addition, you can increase your position size by trading Chainlink CFDs.

Centralised middleware oracles are more prone to hacking events and similar security issues. Chainlink solves this by introducing a trusted network of nodes which can be held accountable for their wrongdoings. It was created to solve the oracle problem.

ATFX

The Firm has taken the decision to cease providing services to retail clients, with immediate effect. We are therefore unable to accept any applications.

Services to professional clients will not be impacted. For professional applications please contact [email protected]

ATFX

Restrictions on Use

Products and Services on this page are not suitable for MENA residents. Such information and materials should not be regarded as or constitute a distribution, an offer, solicitation to buy or sell any investments.

ATFX

Restrictions on Use

Products and Services on this website are not suitable for the UK residents. Such information and materials should not be regarded as or constitute a distribution, an offer, or a solicitation to buy or sell any investments. Please visit https://www.atfx.com/ar/ to proceed.
ATFX

Restrictions on Use

Products and Services on this website are not suitable for the UK residents. Such information and materials should not be regarded as or constitute a distribution, an offer, or a solicitation to buy or sell any investments. Please visit https://www.atfx.com/en/ to proceed.

ATFX

Restrictions on Use

Products and Services on this website are not suitable for the UK residents. Such information and materials should not be regarded as or constitute a distribution, an offer, or a solicitation to buy or sell any investments. Please visit https://atfxgm.eu/en/ to proceed.

ATFX

Restrictions on Use

Products and Services on this website are not suitable for the UK residents. Such information and materials should not be regarded as or constitute a distribution, an offer, or a solicitation to buy or sell any investments. Please visit https://www.atfx.com/en-au/ to proceed.

ATFX

Restrictions on Use

Products and Services on this website are not suitable for the UK residents. Such information and materials should not be regarded as or constitute a distribution, an offer, or a solicitation to buy or sell any investments. Please visit https://www.atfx.com/ar/ to proceed.
ATFX

Restrictions on Use

Products and Services on this website are not suitable for the UK residents. Such information and materials should not be regarded as or constitute a distribution, an offer, or a solicitation to buy or sell any investments. Please visit https://www.atfx.com/en/ to proceed.

ATFX

Restrictions on Use

Products and Services on this website are not suitable for the UK residents. Such information and materials should not be regarded as or constitute a distribution, an offer, or a solicitation to buy or sell any investments. Please visit https://www.atfx.com/en-za/ to proceed.
ATFX

Restrictions on Use

Products and Services on this website are not suitable for Hong Kong residents. Such information and materials should not be regarded as or constitute a distribution, an offer, solicitation to buy or sell any investments.

使用限制: 本網站的產品及服務不適合香港居民使用。網站內部的信息和素材不應被視為分銷,要約,買入或賣出任何投資產品。

ATFX

Restrictions on Use

Products and Services on this website are not suitable for the UK residents. Such information and materials should not be regarded as or constitute a distribution, an offer, or a solicitation to buy or sell any investments. Please visit https://atfxgm.eu/en/ to proceed.

ATFX

Restrictions on Use

AT Global Markets (UK) Limited does not offer trading services to retail clients.
If you are a professional client, please visit https://atfxconnect.com