Summary
This prediction ended on 23.08.21 with a price of €24.85. The prediction for Chainlink disappointed with 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 | 22.104% | 22.104% | 153.685% | -39.835% |
iShares Core DAX® | -0.383% | 5.404% | 14.198% | 21.243% |
iShares Nasdaq 100 | 1.248% | 6.732% | 34.022% | 59.234% |
iShares Nikkei 225® | 0.525% | 1.840% | 10.062% | 9.459% |
iShares S&P 500 | 0.640% | 4.710% | 27.309% | 50.394% |
Comments by ElectricPlayer for this prediction
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In the thread Trading Chainlink