Summary
This prediction ended on 23.08.21 with a price of €24.85. The price of Chainlink has decreased during the runtime of the prediction. Compared to the start price this resulted in a performance of -13.91%. ElectricPlayer has 50% into this predictionChainlink is a decentralized oracle network that connects smart contracts on blockchains like Ethereum with real-world data and events. Essentially, it is a way for blockchain to access external data in a secure and reliable way.
The main applications of Chainlink include:
1. Decentralized finance (DeFi): Chainlink is commonly used by DeFi protocols to obtain real-time price feeds for cryptocurrencies, stablecoins, and other assets.
2. Insurance: Insurance policies are executed on smart contracts, and Chainlink provides the necessary data to trigger payouts based on real-world events.
3. Gaming: Chainlink can be used in gaming to provide random numbers and other data that determines game outcomes.
4. Supply chain management: Chainlink can be used to verify the authenticity of products through data on the supply chain.
5. Decentralized autonomous organizations (DAOs): DAOs use Chainlink to retrieve data related to voting and governance decisions.
Overall, Chainlink's main application is in providing real-world data to blockchain systems and creating secure connections between them.
Performance without dividends (%)
| Name | 1w | 1m | 1y | 3y |
|---|---|---|---|---|
| Chainlink | 7.781% | 7.781% | -39.676% | 104.800% |
| iShares Core DAX® | 2.659% | 4.844% | 23.110% | 68.731% |
| iShares Nasdaq 100 | 0.916% | -0.554% | 6.985% | 113.533% |
| iShares Nikkei 225® | 2.426% | 1.598% | 15.780% | 50.934% |
| iShares S&P 500 | 1.230% | 1.039% | 4.695% | 68.205% |
Comments by ElectricPlayer for this prediction
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