How Chainlink Price Changed in 2022

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Written By Larious

Larious is the Executive Editor of LowkeyTech. He is a tech enthusiast and a content writer. 

 

 

 

 

Last Updated on November 5, 2022 by Larious

The most valuable crypto projects are those having real applications and benefits, especially when it comes to connecting the real world with blockchain technologies. Now many crypto platforms aim to facilitate real-sector operations, bringing money and data transfer to a brand new level. One underestimated platform is Chainlink, and we would like to discuss its benefits in this article.

Chainlink is not as popular as, for example, Solana or Ethereum, but it has all the chances to receive adoption. This platform bridges real-life businesses and companies with blockchain, offering hybrid smart contracts and access to large networks like Ethereum, Solana, and others.

Link crypto is the native cryptocurrency of the Chainlink platform, based on the Ethereum blockchain. The asset is used for smart contracts execution and maintains the network functioning.

Key Things about Chainlink

Here are some crucial facts about the project:

  • Chainlink is connecting off-chain projects with blockchain technology.
  • The project was released in 2017.
  • The LINK USDT pair is traded at $6.86 (October 2022).
  • The Chainlink network is decentralized.

Chainlink Crypto Price in 2022

During the last 12 months, the Chainlink price demonstrated a gradual decrease. Its rate ranges between a maximum of $34.75 and today’s $6.86. In November 2021, the price peaked, and since then, it has been decreasing.

Analyzing the Link chart, crypto experts conclude that the Chainlink price can grow to $101 in 2028, so it appears to be a good option for long-term investment. However, to draw a correct Chainlink price prediction, you should analyze this asset on your own and assess the risks because the crypto market is volatile, and asset prices may change rapidly.

We recommend learning more about the project’s plans for the future, panthers, and supporters and conducting a technical analysis of the Chainlink price to understand how and under what circumstances it changed during the year. Maybe the reason was the entire crypto market dro, or maybe there were other reasons for the price decrease.

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