A Fundamental analysis of Chainlink and the $LINK token, a thread.
I will be using 4 key indicators.
This is in no way financial advice, please make your own judgements and DYOR.
I will be using 4 key indicators.
This is in no way financial advice, please make your own judgements and DYOR.
#Chainlink is decentralized oracle network (DON) which is fundamental in real world implementation of blockchain. DONs allow the birth of hybrid smart contracts, and connects data from the real world to blockchain technologies.
#Chainlink uses multiple data inputs which eliminates a single point of failure within the network. Smart contracts are bound to on-chain data only, limiting advancements in smart contracts and Dapps. This is the revolution Chainlink is bringing about.
1. Market Capitalisations
£8billion. Large market cap, so a stable coin which will be less sensitive to market swings, yet this may limit the potential for extravagant growth. The price of the coin at the time of writing is £17.75.
£8billion. Large market cap, so a stable coin which will be less sensitive to market swings, yet this may limit the potential for extravagant growth. The price of the coin at the time of writing is £17.75.
2. Coin Supply
At the time of writing, the circulating supply of $LINK is 467,009,550, with a maximum supply of 1,000,000,000, meaning 47% of $LINK coins are currently in circulation. Make of this what you will.
At the time of writing, the circulating supply of $LINK is 467,009,550, with a maximum supply of 1,000,000,000, meaning 47% of $LINK coins are currently in circulation. Make of this what you will.
When comparing the number of coins in circulation to BTC, which has almost only 19million, it is evidently going to take a seriously big movement in demand for it to ever reach a price near the likes of BTC. That being said, it is still very much possible for $LINKs price to rise
3. Trade Volume
When writing this thread, the trading volume was £802,768,646. This high trading volume shows there is a high demand for it, and we know what happens to price when demand increases.
When writing this thread, the trading volume was £802,768,646. This high trading volume shows there is a high demand for it, and we know what happens to price when demand increases.
4.Use Case/Utility
Chainlink is solving a genuine problem which blockchains such as Ethereum struggle with. The utility of such technology is huge, improving UE within insurance claims, executing buy and sell orders much more. The use case for Chainlink is thus very promising.
Chainlink is solving a genuine problem which blockchains such as Ethereum struggle with. The utility of such technology is huge, improving UE within insurance claims, executing buy and sell orders much more. The use case for Chainlink is thus very promising.
4. Use Case/Utility
Chainlink is solving a genuine problem which blockchains such as Ethereum struggle with.
The utility of such technology is huge, improving UE within insurance claims, executing buy and sell orders much more. The use
case for Chainlink is very promising.
Chainlink is solving a genuine problem which blockchains such as Ethereum struggle with.
The utility of such technology is huge, improving UE within insurance claims, executing buy and sell orders much more. The use
case for Chainlink is very promising.
Think of $LINK as the payment method for node operators who retrieve the information from the real world and exchange it into a ‘blockchainable format’
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