Link Coin Market Cap Analysis and Benefits

Link Coin's market capitalization is currently around $10 billion, making it a significant player in the cryptocurrency market.

This substantial market cap is a result of the coin's growing adoption and increasing use cases.

Link Coin's unique features, such as its ability to connect different blockchain networks, have contributed to its success and high market value.

The coin's strong market presence is also reflected in its high trading volume, with millions of dollars worth of Link Coin being traded daily.

Chainlink's native token is called LINK. It's an ERC-677 standard token, which allows users to transfer tokens to contracts to trigger a pre-programmed response during a blockchain transaction.

The LINK token is used to pay for services on the Chainlink network. This incentivizes a network of computers to provide reliable data that smart contracts need to run effectively on blockchains.

Chainlink was founded in 2017 and is a decentralized oracle network. It was created to address the issue of smart contracts having to rely on external data sources to execute their terms.

LINK tokens are the digital asset token used to pay for services on the network. This allows data providers to act as bridges between blockchain smart contracts and external data sources in a decentralized way.

Chainlink allows users to create their own hybrid smart contracts using Chainlink's service. This is made possible by the platform's multichain decentralized oracle network, which supports other blockchain networks like Polygon, Avalanche, and the Binance Smart Chain.

The Chainlink Network is driven by a large open-source community of data providers, node operators, smart contract developers, researchers, security auditors, and more. This community ensures that decentralized participation is guaranteed for all node operators and users looking to contribute to the network.

Chainlink's supply of LINK tokens has a hard cap of 1 billion, with 35% sold during the launch and another 35% set aside for rewards and incentives. This limited supply makes Chainlink a deflationary asset, with the expectation that the LINK price will rise as the available supply becomes increasingly limited.

The oracle operations on the network are conducted using the Chainlink token, which covers node operator fees and provides access to off-chain data. This is a crucial aspect of Chainlink's functionality.

Chainlink's architecture consists of three types of smart contracts: Aggregating Contracts, Order-Matching Contracts, and Reputation Contracts. These contracts work together to collect data from oracles, match the results with the smart contract needed, and verify oracle integrity.

Here are the three types of smart contracts in Chainlink's architecture:

Chainlink's technology is based on the hybrid consensus algorithms of Delegated Proof of Stake (DPoS) and Proof of Authority (PoA), allowing for the transportation of consistent data very quickly. This is a key benefit of using Chainlink.

Chainlink allows users to become node operators and earn revenue by running critical data infrastructure required for blockchain success. This is a unique feature of Chainlink's decentralized network.

The Link Coin market cap is a significant aspect of its overall value. It's calculated by multiplying the total number of coins in circulation by the current price per coin.

Link Coin has a total supply of 1 quadrillion coins, which is a staggering number.

The market capitalization of Link Coin is a key factor in determining its value and potential for growth.

WINkLink is a decentralized oracle network within the TRON ecosystem, designed to bridge the gap between real-world data and blockchain technologies.

It plays a crucial role in ensuring that DeFi applications on the TRON network have access to secure, reliable, and real-time data.

WINkLink's core functionality extends beyond just data provision, including a price service and a verifiable random function (VRF) solution.

These services are integral for creating fair and transparent systems within the DeFi space, where accurate pricing and randomness can support secure transactions and innovative gaming experiences.

WINkLink utilizes its native cryptocurrency, WIN, which operates as a TRC20 token on the TRON network.

This token facilitates various aspects of the WINkLink ecosystem, including governance, where token holders can participate in decision-making processes.

The acquisition of justlink.io in April 2021 significantly bolstered WINkLink's ambition to fully integrate the real world with blockchain spaces.

By providing reliable, unpredictable, and verifiable random numbers, WINkLink aims to restore trust and enhance user experiences across the blockchain domain.

There are currently 453,509,553 LINK tokens in circulation, which is about 45% of the total supply of 1,000,000,000 tokens as of end-September 2021.

The Chainlink price at the ICO in September 2017 was $0.11, and a total of 350 million LINK tokens were sold.

This represents an over 200X increase from the ICO price to the Chainlink price today.

35% of the total token supply was directed towards node operators and the incentivization of the ecosystem.

Another 35% of LINK tokens were distributed during public sale events.

The remaining 30% of the total token supply was allocated to the company for the continued development of the Chainlink ecosystem and network.

Chainlink's network security is based on the proof-of-stake (PoS) consensus mechanism, which is more energy-efficient than proof-of-work (PoW) used by Bitcoin.

In December 2021, Chainlink introduced staking of the LINK token to promote sustainable growth and security.

The PoS protocol relies on the amount of staked tokens for selecting node validators, making it easily scalable.

Chainlink's staking mechanism allows ecosystem participants to increase the security of oracle services by backing them with staked LINK tokens.

This approach is similar to other crypto-staking platforms where participants lock up tokens to contribute to the network's security.

WINkLink employs a multifaceted approach to secure its network and ensure data reliability, starting with smart contracts that bridge real-world data with the blockchain.

The decentralized mechanism used by WINkLink ensures that the data provided is not only accurate but also resistant to manipulation.

WINkLink incorporates advanced security practices such as encryption, certificate pinning, routine security audits, and two-factor authentication to safeguard the network and its users.

These practices are essential in maintaining a secure and resilient infrastructure, but potential risks and vulnerabilities still exist, highlighting the need for continuous vigilance and improvement.

Chainlink's market capitalization is currently at $15,082,336,830 USD, making it the 13th largest cryptocurrency by market cap. This is a significant milestone for the project.

In the last 24 hours, Chainlink's price has increased by 0.18%, indicating a slight growth in value. This growth is in line with the overall trend of the cryptocurrency market.

Chainlink's trading volume is substantial, standing at $621,129,873 USD in the last 24 hours. This high trading volume suggests that the market for Chainlink is active and liquid.

Here are some key statistics about Chainlink's market performance:

Chainlink's price has grown by 8.67% in the last 7 days, indicating a strong upward trend. This growth is a positive sign for investors and holders of the cryptocurrency.

WINkLink, on the other hand, has seen a decline in value, with its price decreasing by 6.59% in the last 24 hours. This decline is in line with the overall trend of the cryptocurrency market.

WINkLink's market capitalization is currently at $92,977,755 USD, making it the 468th largest cryptocurrency by market cap. This is a significant decline from its previous market capitalization.

If you're looking to buy Chainlink, you'll be happy to know that it's available on several top exchanges, including Binance, which is one of the most popular options.

You can also trade Chainlink on other exchanges like Huobi Global, Coinbase Pro, Gate.io, and Kraken.

To check the current price of Chainlink in your preferred fiat currency, use CoinMarketCap's converter feature on the Chainlink currency page or the dedicated exchange rate converter page.

Some popular Chainlink price pairs include LINK/USD, LINK/GBP, LINK/AUD, and LINK/EUR.

If you're new to buying and selling cryptocurrencies, you can find helpful resources on CoinMarketCap's education portal, Alexandria.

The most active exchanges for buying and selling Chainlink are Binance, Kraken, and Kucoin.

Here are some of the most popular Chainlink trading pairs:

To get started with linking Coin Market Cap to your project, you'll need to sign up for a CoinMarketCap developer account and obtain an API key. This process is completely free, but it does come with some limitations. The free plan comes with 333 daily credits, 10k monthly credits, 30 API calls per minute, 9 endpoints, and 1 currency conversion per request.

To use the CoinMarketCap API, you'll need to add pagination to some of the endpoints. This involves adding parameters such as "start" and "limit" to the URL. For example, the "start" parameter can be used to offset the start of the paginated list of items to return, and the "limit" parameter can be used to specify the number of results to return.

The CoinMarketCap API supports GET and POST HTTP methods, and you can choose from a variety of endpoints to retrieve the information you need. For example, the Market Pairs Latest endpoint lists all active market pairs that CoinMarketCap tracks for a given cryptocurrency or fiat currency. To connect to the API, you'll need to enter your API request into Apipheny, a Google Sheets add-on, and add the required headers, such as your API key and the X-CMC_PRO_API_KEY header.

Here are the parameters you can use for pagination:

Sergey Nazarov and Steve Ellis co-created Chainlink, with Nazarov being a seasoned blockchain professional and Ellis serving as the platform's CTO.

Nazarov has over a decade of experience in the blockchain industry, and Chainlink is his largest decentralized project to date.

Ellis brings years of experience as a software engineer to the table, focusing on reinforcing the data security of decentralized networks.

Chainlink's goal is to enable smart contracts to access off-chain data, which is achieved through a network of oracle nodes known as Decentralized Oracle Networks (DONs).

Connecting to Google Sheets is a crucial step in integrating CoinMarketCap data into your workflow. Many crypto investors and traders rely on CoinMarketCap's API to get accurate, real-time data for thousands of cryptocurrencies and cryptocurrency exchanges.

To connect CoinMarketCap to Google Sheets, you can use the CoinMarketCap API to import bitcoin prices and cryptocurrency data. This can be done without writing any code, making it accessible to those who aren't developers.

You can pull information on price, total market cap, 24h volume, 24h circulating supply, and price trends (day, week, year) for every cryptocurrency listed at coinmarketcap.com. This data can be incredibly valuable for making informed investment decisions.

To get started with CoinMarketCap's API, you'll first need to sign up for a developer account. This will give you access to your API key, which is required to make API requests.

The good news is that the basic plan is completely free to use, but it does come with some limitations. You can find out more about these limitations on the CoinMarketCap plan features page.

Here are the key features of the free plan:

Once you've signed up for your developer account, you can go to the CoinMarketCap API page to get your API key. You'll need to sign in or create an account first, and then you'll be able to access your Developer Portal account dashboard.