there'a awhole new ecosystem there, alcoins are a new market but bitcoin is the king, the standard. we are at the beginnig and chainlink will start working out when real money will come in.
the worst error is comparing altcoins to bitcoin, they are 2 completely differents fields: on onee side there is the standard of money, the new refernce in a collapsed system with inflation mechanisms under deep pressure, on the other side, there is an experiment that want to crosschain standard markets and real world goods or services to the blockchain end pseudo decentralized spaces and paradigms.
there is a big potencial but much less trust in altcoin market, but few of them will succeed: zilliqua, chainlink, vechain and few others.
One thing is only sure right now, chainlink has potential where it can survive a bear market because it is now one of the top altcoins right now, I actually bough chainlink last week because of its price movement where it becoming trending again, I'm looking forward to it especially if the the dominance of the altcoin will now increase but right now bitcoin dominance is still rising because of the sentiment.