It seems that most normies think $1k chainlink is pure moon boy shit. That’s not the case, at all. In this thread I’m going to touch on a multitude of reasons why but it is fundamentally this - Chainlink is the ONLY Oracle protocol capable of delivering highly secure data end-to-end on blockchain networks, and has established itself as the industry standard.
With ETH becoming scalable, we can expect rollups to scale eth1 anywhere from 100x-4000x alone within the next year. DeFi is still in its infancy, and as scalability grows for eth, defi will follow as the use cases expand into more lucrative fininacial sectors. With this, we can expect demand for a secure, decentralized Oracle system to ensure data is fundamentally true and tamper-proof end-to-end.
Defi will to shift from moving shitcoins around on ethereum to real-world use cases for finance, remittance data, trading etc, and the amount of highly valuable data such as price feeds and IOT entering the blockchain will need a highly secure Oracle system to receive/deliver this data to smart contracts. The value of the oracles may very well equal or surpass the value of the base layer, due to the massive amounts of value it will be securing. Ethereum will be worth near trillions FYI.
So yes, a $1k chainlink is possible. And it is going to happen sooner than most think. Smart money knows this and has already been in the market for quite some time. But it’s only a matter of time before shit hits the fan amd we start to go parabolic. Tick-tock.
why I think you are wrong, although I don't quite understand everything about Chainlink I do understand the following. As long as Ethereum is not scalable, smart contracts are probably not going to get used in the real world, this means that Chainlink is not going to get used in the real world for a while. Ethereum 2.0 takes a lot of time still. Now during that time things can happen, competitors may rise up either from the crypto world or the non-crypto world.
Robert Johnson
Cope.
Elijah Gonzalez
lol
Ethan Long
link's chart is identical to the typical pump and dump chart. the DEVs are also dumping their bags regularly, which should tell you something about the longterm prospects of the project.
Cameron Sanders
ETH 2.0 is only 2-3 years out, tops. There are no other ethereum competitors. Other networks will have their place, but all will end up being roads to ethereum. Self-proclaimed “eth killers” will die a slow death. Don’t fool yourself
Angel Foster
Based and retard pilled
Luis Sanders
what do oracles do exactly? They connect off-chain data with smart contracts? please explain to me like I am a retard.
Nolan Morales
you will understand one day soon user, or not, its of no consequence to me
Kayden Gray
>2020 >still getting meme answers this is so tiresome, I've been here for what? 3 years? bought a huge stack of link during these past years, I unironically put everything I had in link because I believe in the 4th IR, the smart contract economy and the importance of a ...decentralized oracle...no...CHAINLINK to this piece of shit meme market.
if there is 1 thing that has any value, and is actually used and is being useful, no matter the scalability or price, it's a fucking working secure decentralized oracle. any fucking project that gets shat every day, is complete garbage without an oracle, chainlink doesn't need any fucking real-world adoption to become huge, since it's powering this whole meme billions $ space, it will naturally grow no matter what, usage can only go up, and chainlink can only deliver more products, they started as a simple decentralized oracle, now chainlink are solving big problems like scalability (tsigs), anonymity (DECO + TC), Randomness (VRF), L2 and much more...
Ari juels officially became head of chainlink research, and they are working on the whitepaper v2, which will focus precisely on scaling chainlink.
now imagine you (the brainlet you are) holding link for a sec, by holding it, you are actually holding a share of whatever ari juels will ever produce for chainlink, the greatest mind of this fucking space, no fucking Chinese or whatever the fuck scientist can get to his level. you will be holding a share of the future of this whole fucking space, and a share of what the greatest minds of this shit space will ever produce, and when I mean produce, THESE GUYS FUCKING DELIVER, they aren't some gooks trying to scam you.
