Price Prediction Chainlink 2021

Chainlink Price Prediction for 2021 till 2025 | Forecast & Targets Chainlink

Chainlink has existed since the summer of 2017 and is the very first decentralized Oracle network, unique in the crypto world. What makes Chainlink so unique is that they connect external ‘real life’ data (also called ‘oracles’) via APIs with so-called ‘smart contracts’. They are, as it were, the connection between blockchain networks and data that cannot normally be found on a blockchain, so that it can be used for smart contracts.

This technology offers solutions for smart contracts that could not yet communicate with external data sources. This is a great added value for, among other things, the publication of stock prices and market information, bank transactions and companies that want to offer crypto as a payment method.

Why the Chainlink price has grown so fast

The main reason for Chainlink’s strong growth is because their unique technology opened up a new market for many networks that, until now, could not use smart contracts, or take full advantage of them. Chainlink makes this possible, and because of this they keep expanding their partnerships with new collaborations, such as with SWIFT, Gartner and even Google.

A second reason is the growth of DeFi (Decentralized Finance). It has been clear for some time that our payment method is changing and that DeFi will be more and more integrated into society in the future. As a result, the demand for Chainlink’s services continues to rise, which will not change anytime soon. This ensures that the Chainlink prediction of experts can be called extremely positive.

A third reason is the reliability that Chainlink offers. Chainlink uses multiple sources to verify the information provided through a smart contract. As a result, these data suppliers cannot modify or falsify the information, because it must match the data of other suppliers.

Consider, for example, the current stock market price of crypto coins on platforms such as CoinMarketCap and CoinGecko. The data on this course they show must be identical and is therefore controlled by multiple nodes on the network. This technology ensures that Chainlink is a very reliable solution.