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Chainlink

LINK
$9.45
+0.43% (24h)

Market Stats

Price
$9.45
+0.43% (24h)
Market Cap
$7.1B
Volume (24h)
$247.66M
Supply
748.10M LINK
FDV
$9.45B

Shariah Analysis

Yes
Project
Token
Reward

As of now, the projects run by Chainlink (LINK) appear to be in accordance with Shariah principles.

Last Screening: Q1 2024

Risk Categories
Shariah status

Shariah

Passed
Assessment category

Legitimacy Risk

Passed
Assessment category

People Risk

Passed
In-Depth Analysis
Project/Products Use Case Status
Chainlink CCIP (Cross-Chain Interoperability Protocol) Chainlink CCIP offers a straightforward interface for decentralized applications (dApps) and web3 entrepreneurs to address cross-chain requirements securely. It facilitates the transfer of data, tokens, or both data and tokens across different blockchain networks. Passed
Chainlink Data Feeds Chainlink Data Feeds offer a fast and reliable method for smart contracts to access real-world data, including asset prices, reserve balances, NFT floor prices, and L2 sequencer health. Passed
Chainlink Data Streams Chainlink Data Streams offers high-frequency market data delivery off-chain, verifiable on-chain. It enables dApps to access real-time data, automate trade execution, and prevent frontrunning when combined with Chainlink Automation. Passed
Chainlink Functions Beta Chainlink enables smart contracts to access trusted compute infrastructure for fetching data from APIs and performing custom computations. Smart contracts submit source code requests to a Decentralized Oracle Network (DON), where nodes execute the code in a serverless environment. The DON aggregates the results and sends them back to the smart contract. Passed
Chainlink Automation Chainlink Automation offers a secure and decentralized network for automating smart contracts. It accelerates innovation, saves time and money, and reduces risks associated with centralized automation. Passed
Chainlink VRF (Verifiable Random Function) Chainlink VRF is a secure and transparent random number generator for smart contracts. It generates random values along with cryptographic proofs, ensuring fairness and preventing manipulation by any single entity. The process is verified on-chain, maintaining integrity and trust in the randomness provided. Passed

Technical Analysis

Support & Resistance
Support 2
7.3507
Support 1
7.2327
Last Price
7.3413
Resistance 1
8.2952
Resistance 2
8.335
Pivot Points
Support 2
6.8968
Support 1
7.1191
Pivot Point
7.2447
Resistance 1
7.467
Resistance 2
7.5926
Trading Signals
42 indicators
Trend
Moving Average (Mid Term) Weak
Ichimoku Cloud Neutral
Momentum
Relative Strength Index Weak
Moving Average Convergence/ Divergence Weak
Vol & Volatility
On-Balance Volume Strong
Average True Range Strong
Signal strength 39 / 100
Moving Average (Short Term) Weak
Moving Average (Mid Term) Weak
Moving Average (Long Term) Weak
Exponential Moving Average (Short Term) Weak
Exponential Moving Average (Mid Term) Weak
Exponential Moving Average (Long Term) Weak
Bollinger Band Weak
Williams %R Neutral
Relative Vigor Index Strong
Money Flow Index Neutral
Chaikin Oscillator Weak
Aroon Weak
Klinger Oscillator Weak
Chande Kroll Stop Weak
Moving Average Convergence/ Divergence Weak
Relative Strength Index Weak
Stochastic Weakest
Parabolic SAR Weak
Average Directional Index
Ichimoku Cloud Neutral
Average True Range Strong
Commodity Channel Index Weak
On-Balance Volume Strong
Volume Weighted Average Price Neutral
Keltner Channel Neutral
Dochian Channel Neutral
Choppiness Index Neutral
Ergodic Oscillator Strong
Ease of Movement Weak
Ultimate Oscillator Neutral
Elder Force Index Weak
Connors RSI Strong
Rate of Change Weak
Chande Momentum Oscillator Neutral
Triple Exponential Average Strong
Know Sure Thing Strong
Detrended Price Oscillator Weak
Moving Average Envelope Strong
Coppock Curve Weak
Vortex Indicator Weak
Schaff Trend Cycle Weak
Elder Impulse System Weak

AI Price Prediction

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AI-generated analysis only. Not financial advice.

Community Sentiment

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About Chainlink

Chainlink is a decentralized network connecting smart contracts to external data sources securely. It enables smart contracts to use real-world data, perform off-chain computations, and access verifiable randomness. Chainlink provides services like data feeds, proof of reserve feeds, NFT floor price feeds, and automation solutions. Its decentralized design ensures trust and data integrity by aggregating data from multiple sources and using cryptography for verification. Chainlink operates on Ethereum, Arbitrum, Polygon, and other blockchains, with its native token LINK used for payments and funding requests.

Consensus Mechanism

Proof of Reserve