By some estimates, 2023 will be the year of the new crypto market bull trend, so now is a good time to think about crypto investments. In this article, we will talk about picking the best cryptocurrency to invest in and discuss Chainlink crypto in particular.
To choose an asset for investment, you should do thorough research:
- check out how the asset’s price behaved in the past and what were its triggers to rise and fall;
- see what is the asset’s market cap and trade volume;
- find the information about the technology underlying the asset and its real use cases and value;
- read the project’s white paper to understand the vision of its developers and their aims.
In the long perspective, Bitcoin and other market leaders with the largest capitalization are obviously the most attractive assets for investments. But there are less popular yet worthy coins to look for. Regarding middle-cap cryptocurrency best to invest, we would like to highlight the LINK crypto.
What Does LINK Stand For?
Chainlink is a decentralized oracle platform that aims to connect intelligent contracts on blockchains with information from the real world. The network consists of nodes that provide secure access to off-chain data sources and execute the necessary computations to deliver the information to the blockchain.
One of the main advantages of the project is its ability to deliver reliable data to smart contracts. This is particularly important in spheres such as finance and insurance, where the accuracy and reliability of data are crucial. By enabling secure access to external data, Chainlink allows smart contracts to automate processes and execute relying upon real-world information.
Chainlink’s native crypto is LINK. Node operators receive payments in the form of LINK tokens for their work. The popularity of LINK tokens has increased as the Chainlink platform has gained widespread adoption and real application cases. The LINK token helps make the network secure and decentralized while stimulating node operators to act in the network’s best interest.
Chainlink is a partner of leading companies and institutions, including Google, Oracle, and SWIFT, indicating a growing interest in its technology. As smart contracts and blockchain technologies are increasingly popular, the demand for safe and secure information sources will also increase opportunities for Chainlink and its LINK cryptocurrency.
You can buy and sell crypto on the WhiteBIT exchange – it has all the helpful trading tools and a high level of security for your funds and transactions.