Quote from: okala on July 18, 2020, 05:00:54 PM

Chainlink is now among the ten top cryptocurrencies base on market capitalization. I see many of the altcoins that were performing badly gaining momentum. I believe that we would still have strong reasons to see more of this coins continue growing.

Utility is not driving the price, it is pure speculation. End of story.

Chainlink has a ton of partnerships, but no real use case. They still cannot stake, and you need to undergo KYC in order to run a node, on a centralized network, being Ethereum.

Chainlink isn't decentralized, which is kind of laughable. They didn't even move to their own blockchain yet, which could be a disaster if they want to rely on nodes running their oracles. Ethereum uses a centralized data protocol called Infura to process data between the ETH main chain, and it's tokens. Infura is a single point of failure, which could shut down the whole ETH network over night, making these "oracles" completely useless, as they cannot function without Infura in place.

Blocknet is making their own data protocol, which doesn't have this vulnerbility, which can process ETH based data in a decentralized way, which would benefit ETH a LOT. LINK is a hyped up project with a lot of "muh partnerships", to pump the price up. Tech wise, it's really not anything special.

It wouldn't surprise me if we see a small run up to $10, but once people realize it's way too hyped up, the price will crash, hard.