(LINK) presents some interesting characteristics for medium to long-term investments.
1. General Context of Chainlink
• Market capitalization: $9.04 billion is significant, showing that it is a consolidated project.
• Market dominance: 0.2931% is moderate for the sector, but indicates that it is not an absolute leader.
• Total supply: 1 billion tokens, with 62.68% in circulation, avoiding excessive inflation.
• Issuance date: Present in the market since 2017, it has survived periods of highs and lows.
Chainlink is a decentralized oracle that connects smart contracts to real-world data, being fundamental for the operation of DeFi projects and other emerging blockchain sectors. Its utility is high, and the growth of the smart contracts sector is a positive indicator for its valuation.🕵️👍👍