The Chainlink (LINK) token has risen by 8% in the last 24 hours and recorded a high trading volume, indicating a strong accumulation by whales
The Chainlink token is currently trading at $26.57 and is up by 8% in the past 24 hours. The token could possibly rise by another 5-10% if the volumes keep building up. The LINK coin has the potential to see a strong price spike once the whales start accumulating huge quantities.
How & where to buy Chainlink in the UK and elsewhere
To purchase LINK, you will need to register a trading account on a crypto exchange/broker platform. All you need to do is submit your full legal name, email address and phone number. Then, verify the account by submitting copies of your driving license and utility bill. Some sites may also ask for additional verification through a selfie or a video call. This requirement is in keeping with the Know Your Customer (KYC) norms. It helps in securing the site for all users. Once done, you can deposit funds and start trading.
Avoid using decentralized exchanges as they are unregulated. For your convenience, we have handpicked two of the best platforms for trading.
1. Buy ETH from a regulated exchange or broker like eToro “
We recommend eToro because it is one of the world’s leading multi-asset trading platforms, is the exchange and wallet in one and is among the lowest fees in the industry. Also, eToro is beginner-friendly and offers more payment options than any other service available.
2. Send your ETH to a compatible wallet such as Trust Wallet or MetaMask
You need to create your wallet, take your address and send your coins there.
3. Connect your wallet to the Uniswap DEX
Go to Uniswap and connect your wallet to it.
4. You can now exchange your ETH for LINK.
Now that you are connected, you can exchange for hundreds of coins, including LINK.
What is Chainlink?
Chainlink is a decentralized oracle network that allows off-chain data integration. The blockchain network has become very popular and the LINK token has seen a reasonable price increase as adoption has increased. Recently, a fintech firm, Spartan Hill announced that Chainlink’s price feeds will be used to power a South American Peso based stablecoin called Daily.
Should I buy LINK today?
The Chainlink token could be heading for another rally if the bulls can sustain the current price surge. The early holders of the Chainlink token could see huge gains in the future if the token’s price continues to rise.
The LINK token has the potential to rally further on the back of huge volume build up. The coin could very well breach the $30 resistance level in the short term.
This article is informational only—none of the contents should be construed as financial or investment advice.