Top Cryptocurrencies Comparison: Chainlink or Polkadot?


The cryptocurrency market is now in a bear trend, characterized by crypto market price drop and stagnation. Regardless of the pessimistic mood of many crypto investors who leave the market, many people now think about the future and look for promising digital assets to add to their investment portfolio. Examples of such crypto assets are Chainlink and Polkadot coins we are going to discuss in this article. 

What is Chainlink?

The project’s name speaks for itself – it links off-chain companies with blockchain technology, opening all the advantages of the popular Solana and Ethereum networks to real-life businesses through smart contracts. Chainlink is governed by nodes, and it is an entirely decentralized network. LINK token is the central component of smart contracts execution, allowing them to be completed when all the conditions are met. it is a perfectly working system that real sector companies lack most of all. The LINK cryptocurrency price is $6.42.

What is Polkadot?

If the Chainlink project provides the connection between blockchain technologies and off-chain projects, Polkadot aims to connect blockchains. It allows information transfer between different blockchains that used to be incompatible before. Actually, that is the main thing that differentiates these two projects. Polkadot’s DOT coin is based on the Poof-of-Stake mechanism, so this asset is popular for staking.  The DOT crypto market price is $5.77 (mid-January 2023).

We can see the assets have about the same value. It is hard to say what is the best crypto to buy now. Both coins are worth purchasing long-term. Here is how you can do it using the WhiteBIT service:

  • Register
  • Pass verification
  • Deposit funds to your main account (whether it is fiat or crypto assets)
  • Open the converter and pick coins you want to get
  • Pay the fee.

The needed assets will be accrued in your account in a matter of seconds. Keep abreast of the latest crypto news and read the WhiteBIT blog.

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