$BTC has a sideway trend in the short term and increased slightly before the bullrun.
$Link is up 7.19% in 24 hours, hitting four-week highs at $17,375 - $17.53
Whether the LINK ETF is about to launch or not cannot be answered right away, but if that happens, is it possible for Link's price to be at $400?
LINK is also a utility token, so its price is relatively low. One of its main functions is to use it as a fee for Oracle services. This move will open the door to creating more ETFs related to utility tokens. Chainlink is more than just a token; it is an infrastructure project. As the hub between Ethereum and leading growth chains like Optimism and Arbitrum, Chainlink works on data sharing and security.Chainlink has the advantage of being a pioneer in building oracles. For that reason, competitors like Pyth Network still have a long way to go before making the same impact as the leading oracle providers.Chainlink covers 389 protocols, while its prominent competitor, PYTH, has served 190 protocols to date.
In 2024, Chainlink secured $25.81 billion worth of locked value, with almost continuous increases since the beginning of the year.
Does Chainlink's value have the potential to increase in the future? What do you think about the link? Please let me know your opinion?
This general article is not intended to encourage investment. You must be responsible for your own wallet.
