NewsletterThis Token Is “The Opportunity Of A Lifetime”, Price Explodes
Chainlink, a smart contract company, is considered one of the most impactful blockchain organizations. Its native token, $LINK, is creating its own impact in the crypto market. LINK prices have gone up by close to 12% in the last 7 days. It has increased by 8% in the last 24 hours.
Michael van de Poppe, a crypto analyst and CEO of Eight Global, reveals that LINK can be an opportunity of a lifetime. He believes that Chainlink within the price range of $6-$8 is a massive opportunity. LINK also crossed a significant $7 level and is currently trading at $7.61.
LINK’s total market cap also increased by close to 8%.
Why Chainlink Is A Massive Opportunity
Many experts in the crypto and blockchain space consider Chainlink to be a valuable asset. Unlike many tokens, it has a clear use case in the Web 3.0 space. Chainlink is a blockchain company that provides a wide variety of tools for smart contracts and blockchain platforms.
It also dominates the oracle market in the Web 3.0 space. An oracle is a technology that provides off-chain data to blockchain platforms. Oracles allow blockchains to receive data from the real world and perform computation on it without sacrificing decentralization. Decentralized data feeds provided by Chainlink have a lot of use cases in DeFi. Big corporations like Binance, Kraken, AccuWeather, and CoinMarketCap support Chainlink’s data feeds.
The company also provides its own VRF. VRF stands for Verifiable Random Function and is a popular random number generator. VRF provides randomness to blockchain platforms without sacrificing security and decentralization. Companies like Aavegotchi, Ether Cards, PoolTogether, and Polychain Monsters use Chainlink’s VRF.
The Future Of LINK
Chainlink has been seeing a lot of integrations on Ethereum, BNB Chain, Solana, and Polygon. If Chainlink can continue to keep up its technological growth, LINK prices can continue to skyrocket.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Bitcoin Stalls Ahead of FOMC as Analyst Van de Poppe Sees No Break Until Tuesday
- Bitcoin Hyper Presale Review: How Utility is Unlocked With ZK-SVM Rollup
- Morgan Stanley Turns Bullish, Says Fed Will Cut Rates by 25bps This Month
- ETF Expert Nate Geraci Says Bitcoin Still Lacks Proof of Digital Gold Status
- Pi Network Update: Team Launches AI Tools to Boost KYC and Mainnet Migration for Investors
- Ethereum Price Holds $3,000 as Bitmine Scoops Up $199M in ETH; What Next?
- Solana Price Outlook Strengthens as Spot ETFs See $15.68M in Fresh Inflows
- Dogecoin Price Gears Up for a $0.20 Breakout as Inverse H&S Takes Shape
- Bitcoin Price Forecast as BlackRock Sends $125M in BTC to Coinbase — Is a Crash Inevitable?
- XRP Price Prediction As Spot ETF Inflows Near $1 Billion: What’s Next?
- Solana Price Outlook: Reversal at Key Support Could Lead to $150 Target
