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$LINK Recently, I had been reading about #LINK 'Chainlink', Lots of news had been circulating regarding this coin. Now, When it comes to investing, i'm not a fan of recommending a coin that was already pumped, as joining late will only result in paying others for their early ivnestment. But I want to just tell you about what Chainlink does, it's is a blockchain oracle. oracles are crucial because blockchains can’t communicate with the outside world, They also can’t talk to each other, That’s where oracles come to the rescue. Oracles can provide real-world and real-time data to blockchains. For example, exchange rates, sports results, or weather information. In this sector, Chainlink is the clear leader. Its market cap is 11x bigger than Pyth, which ranks at second spot. Chainlink recently also saw an increased interest in its project. Trump’s new DeFi project, World Liberty Financial (WLFI), bought for $1 million #Link , that was a total of 41,335 Link. This resulted in whales buying more LINK. The price went from $24.20 to $28.14 in only a few hours. The real question is, why did World Liberty buy this $LINK ? To answer this, we need to go back about a month. In mid-November, WLFI announced Chainlink’s integration in their price feeds, Something that DeFi projects need, as I explained earlier. So, looking at it from this point of view, buying Link makes sense for WLFI. Also if you remember Justin Sun, He’s the CEO of Tron $TRX , he became an adviser for WLFI, He also invested $30 million in WLFI. Some forecasters are predicting that LINK will reach over 100$ by next year. Chainlink has some worthy competitors like cardano and POL 'Aka Matic'. This doesn't mean to go buy it for a short term profit, but if the market dips, #LINK can be one of your picks. #N4G
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Rule of the day. 15/12/2024. #N4G #RuleOfTheDay
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This guy will go down the history as either one of the smartest or the dumbest investors ever existed, he put 40,000,000,000 (40 Billion) into something people still exploring. #N4G
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$FIL is a decentralized storage system that aims to "store humanity's most important information". The project raised significant funds via an initial coin offering (ICO) in 2017. Filecoin is the digital token that is used as payment for storage or retrieval of data within the network. The network uses a unique proof-of-storage system where miners earn more by sharing more storage, and the data they store is constantly verified to ensure its correctness. Filecoin competes with centralized storage systems such as Amazon S3, and allows individuals to monetize their spare storage space on the network. #N4G
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#FIL chart, so smooth.
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