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Chainlink buy OldOrangeEyes

Start price
€6.62
26.06.22 / 50%
Target price
-
26.06.23
Performance (%)
-2.42%
End price
€6.46
03.03.23
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 prediction

Chainlink 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 7.018% 7.018% 160.296%
iShares Core DAX® 1.883% 5.122% 21.667%
iShares Nasdaq 100 0.125% 2.574% 45.951%
iShares Nikkei 225® -0.201% 4.341% 28.806%
iShares S&P 500 0.728% 4.141% 34.630%

Comments by OldOrangeEyes for this prediction

In the thread Chainlink diskutieren

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