Summary
This prediction ended on 03.03.23 with a price of €6.46. With a performance of -2.42%, the BUY prediction for Chainlink by OldOrangeEyes closed slightly in the red. OldOrangeEyes 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 |
|---|---|---|---|
| Chainlink | -4.050% | -4.050% | 62.023% |
| iShares Core DAX® | -3.429% | 3.133% | 15.455% |
| iShares Nasdaq 100 | -6.121% | -1.433% | 16.794% |
| iShares Nikkei 225® | -7.364% | 1.018% | 8.293% |
| iShares S&P 500 | -4.366% | 0.247% | 18.541% |
Comments by OldOrangeEyes for this prediction
In the thread Chainlink diskutieren