Is this coin expected to outperform Bitcoin?
In 2024, as the cryptocurrency market becomes more mature, the highest rise may no longer be Bitcoin ($BTC) as we know it, but various altcoins with strong fundamentals.
This year, in addition to artificial intelligence (AI) and blockchain gaming (GameFi), the RWA (real world asset tokenization) track that can generate specific value in the real world is also a top priority this year.
In the RWA track, many institutions and experts regard Chainlink ($LINK) as an important potential stock. Recently, analysts have predicted that the price of Chainlink ($LINK) is expected to soar to $135 before 2025, which means It may achieve a terrifying 13-fold increase in the next year.
What is RWA (Tokenization of Real World Assets)?
RWA represents the trading and management of real-world assets, such as real estate, bonds, and even art, in the form of digital tokens on the blockchain. It can not only significantly reduce transaction costs, but also make assets more liquid. Stronger, faster transaction speed.
So what exactly is Chainlink ($LINK)? Why lead the trend of RWA (tokenization of real world assets)? Let's keep looking.
What is Chainlink? What's the potential?
First, let’s look at Chainlink’s ($LINK) position in the crypto world. As a decentralized Oracle service agreement, the role of Chainlink ($LINK) is to introduce external real data to the blockchain so that smart contracts can interact with real-world events, prices, information, etc., and are increasingly used in RWA. In an era of increasing attention, Chainlink ($LINK) technology is particularly important to institutions.
According to research reports, the RWA market is expected to reach US$16 trillion in 2030, and Chainlink ($LINK) currently plays a leading role. By providing real-time data access and cross-chain interoperability, Chainlink is providing enterprises with Provide developers with solutions to the tokenization process, including the development of tokenization platforms, accurate data transmission, and on-chain identity assurance.
The future direction of Chainlink ($LINK)
The price of Chainlink ($LINK) has increased by more than 40% since last year. As of this writing, $LINK is priced at $10.38 and has a market cap of $6.3 billion. Many market analysts predict that $LINK has the ability to dominate in the upcoming market. The potential to outperform in a bull market.
Market analyst Alan Santana said that if market conditions go well, Chainlink's price may soar to $85 by 2025, and may even hit an all-time high (ATH) of $135 under excellent market conditions.
Alan Santana believes that the best strategy for investing in Chainlink ($LINK) is to "buy and hold." He believes that all technical analysis, high-frequency trading, and complex strategies are useless. In the upcoming bull market rebound, He prefers to simply believe in the long-term potential of Chainlink ($LINK).
It is worth mentioning that in addition to Alan Santana, there are also many analysts who believe that the current price of $LINK is seriously undervalued. Many whales are also optimistic about the price increase of $LINK and continue to increase their holdings during the decline. Chainlink ($LINK) As a leader in the RWA track, the market potential in 2024 cannot be ignored.
[Disclaimer] There are risks in the market, so investment needs to be cautious. Analysts' opinions are for reference only. Users should refer to more diverse indicators to judge whether to invest and consider whether any opinions, views or conclusions in this article are consistent with their specific circumstances. Invest accordingly and do so at your own risk.
