What do you think about Chainlink? Do LINK Marines actively getting more from this dip? Does it gonna get that 3 figures alone this year or by the early month of 2022 as other analyst predicted? In my opinion, crypto needs Chainlink and from here on out I guess there's still huge potential investing on LINK. Share your thoughts here.
What Is Chainlink?
Chainlink is a decentralized oracle network that is poised to play an important role in the real-world implementation of blockchain technologies. The purpose of this network is to provide input on a variety of external sources of data.
Although blockchain is great at what it does — providing a decentralized, secure ledger for digital transactions — it isn’t so great at taking input for things happening outside the blockchain. There are many “off-chain” forces that influence markets, including fiat currencies, credit cards and even the weather and sports scores. As a decentralized oracle, Chainlink can provide input to what’s known as smart contracts.
https://finance.yahoo.com/amphtml/news/chainlink-why-important-world-cryptocurrency-180220462.html
LINK had its ATH this year 7 months ago in that is 52$ in which higher for me considering that Chainlink project is a successful one
https://coinmarketcap.com/currencies/chainlink/but for this to reach 3 figures? then this maybe not happening very soon now.
at least End of 2022 as the value now drops down to 19$ and that is far .
I think LL is a coin that is very dropped when it occurs bearish for a year, compared to coins that enter the top 30 rank. The current price is only $ 7 and makes me worry about to drop, of course it will be a difficult choice whether to hold or sell.
in the past links were really liked by traders, even every day LINK was in the most searches on twitter,
but this year LINK seems hard to be hype again, even though Defi is also currently having good performance, even outperforms Bitcoin,
yes, i think target LINK if bullish it will be $20 and will be easy.