What's the big deal with Chainlink?

[Abiky]

There has been a lot of hype surrounding "De-Fi" and Ethereum over the past months. It seems that COVID-19 has made crypto and Blockchain technology more popular than ever. A token that has seen the most increase in market cap and price on the crypto market is Chainlink (LINK). It's odd to see such a "pump" in price for such a token, after being under the radar some years ago. If the project is delivering as promised, then "LINK" could retain its value on the market for the foreseeable future. Otherwise, expect a massive downfall in its price due to lack of interest from traders, investors, and everyday people.

What's the big deal with Chainlink? Do you think it's one of the most hyped tokens on the crypto/Blockchain space right now? What's so special about it? Will it survive in the long run? Or is it just another nail in the coffin? Your input will be greatly appreciated. Thanks in advance.

[CryptoAlphaStar]

Chainlink is solving one of the big problems for smart contracts - how to acquire information from the physical world and that information to be fed to the code and algorhytms.
Chainlink is an oracle - colleting and fetching the data in a way that smart contracts can understand.
(That is a very simplified explanation.)

It is a layer 2 solution.
The surge is not connected with DeFi.

[bttmember]

There has been a lot of hype surrounding "De-Fi" and Ethereum over the past months. It seems that COVID-19 has made crypto and Blockchain technology more popular than ever. A token that has seen the most increase in market cap and price on the crypto market is Chainlink (LINK). It's odd to see such a "pump" in price for such a token, after being under the radar some years ago. If the project is delivering as promised, then "LINK" could retain its value on the market for the foreseeable future. Otherwise, expect a massive downfall in its price due to lack of interest from traders, investors, and everyday people.

What's the big deal with Chainlink? Do you think it's one of the most hyped tokens on the crypto/Blockchain space right now? What's so special about it? Will it survive in the long run? Or is it just another nail in the coffin? Your input will be greatly appreciated. Thanks in advance.

It is just because market has accepted the authenticity of the project and community is rushing to gets it like its very cheap but my suggestion would be to not chase the price and if you are still not entered then wait for some serious correction as it cannot simply keep going up always.

[batang_bitcoin]

It's odd to see such a "pump" in price for such a token, after being under the radar some years ago.

What's odd is that it has pumped to its all time high during this crisis. While most of the cryptos are moving sideways, Chainlink made its own onto the top by pushing to its all time high.

If the project is delivering as promised, then "LINK" could retain its value on the market for the foreseeable future. Otherwise, expect a massive downfall in its price due to lack of interest from traders, investors, and everyday people.

I'm expecting that there will be a dumping scenario after this pump. It could happen anytime, could be this week or next week if not then I'm wrong with my expectation.

What's the big deal with Chainlink? Do you think it's one of the most hyped tokens on the crypto/Blockchain space right now? What's so special about it? Will it survive in the long run? Or is it just another nail in the coffin? Your input will be greatly appreciated. Thanks in advance.

It's on hype but I think it's justifiable because of the true partnership that it had with Google Cloud and other companies too. I don't hold it but they have a lot of good partners.

[benthach]

There has been a lot of hype surrounding "De-Fi" and Ethereum over the past months. It seems that COVID-19 has made crypto and Blockchain technology more popular than ever. A token that has seen the most increase in market cap and price on the crypto market is Chainlink (LINK). It's odd to see such a "pump" in price for such a token, after being under the radar some years ago. If the project is delivering as promised, then "LINK" could retain its value on the market for the foreseeable future. Otherwise, expect a massive downfall in its price due to lack of interest from traders, investors, and everyday people.

What's the big deal with Chainlink? Do you think it's one of the most hyped tokens on the crypto/Blockchain space right now? What's so special about it? Will it survive in the long run? Or is it just another nail in the coffin? Your input will be greatly appreciated. Thanks in advance.

chainlink is more like an rss feed, don't try to chase it.

[Ridwan Fauzi]

Started this morning I get used to see some information related to crypto currency and another investment site. And yeah I just suprised that chainlink has been increasing a lot, I follow this coin price movement when its price was $4 and at that time I just have a doubtful to store my money. But I just regretted it because I'm not decide to store my money there to get short term profit at least.

I doubt that chainlink will touch another all time high because I didn't know the behind of the project (function and etc). Also, I get this information at this morning https://cointelegraph.com/news/dubious-asset-manager-claims-to-short-chainlink-with-99-target at least has been pointed out for the investor who still hold the coin will doubt to still hold this coin.

[chip1994]

What's the big deal with Chainlink? Do you think it's one of the most hyped tokens on the crypto/Blockchain space right now? What's so special about it? Will it survive in the long run? Or is it just another nail in the coffin? Your input will be greatly appreciated. Thanks in advance.

Chainlink has been very successful in recent days. The partnership with Nexo to make it easier to join the Defi platform has made Link's price soar. Actually, Defi is trending in crypto market, so the high price pump is very normal. Those who are smart and quick-witted will often choose this time to trend and make money in a short time, but remember that we should not be greedy. whatever grows faster the stronger the collapse will also be very fast. Be careful in speculation now.

[alicea]

There has been a lot of hype surrounding "De-Fi" and Ethereum over the past months. It seems that COVID-19 has made crypto and Blockchain technology more popular than ever. A token that has seen the most increase in market cap and price on the crypto market is Chainlink (LINK). It's odd to see such a "pump" in price for such a token, after being under the radar some years ago. If the project is delivering as promised, then "LINK" could retain its value on the market for the foreseeable future. Otherwise, expect a massive downfall in its price due to lack of interest from traders, investors, and everyday people.

What's the big deal with Chainlink? Do you think it's one of the most hyped tokens on the crypto/Blockchain space right now? What's so special about it? Will it survive in the long run? Or is it just another nail in the coffin? Your input will be greatly appreciated. Thanks in advance.

There is certainly some hype surrounding LINK if you notice crypto twitter is full LINK shillers but that doesn't mean its not a good project in fact its a really good project and can give a really good ROI in future. And I do think it will survive in a long run.

[AhmadM]

I am not really following this coin that much but lately have seen many articles talk about it, and yesterday I got a mail from Zeus Capital who reported fraud about Chainlink. The content of mail are same with this topic Crypto’s Wirecard - The Chainlink Fraud Exposed? (full report archived). I assure Chainlink would not survive in the long run and the dumping scenario could happen soon.

[SillyGirl]

Chainlink is one of the cryptocoins which pop up a lot lately. I found this article about Chainlink. https://www.worldcoinindex.com/news/altcoins-are-currently-surging-very-fast-chainlink-tezos-and-vechain

People who has invested in Chainlink made a lot of profit.

[keseoma]

all because of the 4CHAN community!

Their are many miracles from 4chan and reddit !

I don't trust those analyse and conception again, the projects only got pump when they got the community !

[Abiky]

I am not really following this coin that much but lately have seen many articles talk about it, and yesterday I got a mail from Zeus Capital who reported fraud about Chainlink. The content of mail are same with this topic Crypto’s Wirecard - The Chainlink Fraud Exposed? (full report archived). I assure Chainlink would not survive in the long run and the dumping scenario could happen soon.

That's weird. The project seemed legitimate with its professional oracle solutions for smart contracts. I guess time will tell if LINK's success will last a lifetime or all the other way around. I've seen many cryptocurrencies and tokens come and go over time. Only those that are able to provide true usability, will gather the most mainstream adoption. With the recent popularity of "De-Fi", I wouldn't be surprised if LINK continues to reach new heights in terms of price. We may have to wait until the "hype" ends, in order to determine the true price/value of Chainlink.

If it works as intended, the Ethereum blockchain could benefit from it in many ways. Smart contract developers will be using LINK to interconnect the centralized and decentralized world. Oracles bring many benefits to smart contracts in the crypto/Blockchain space. Ultimately what matters here is mainstream adoption. If LINK has this, it'll be able to last for a very long time. ETH's low scalability greatly diminishes LINK's potential to transform dApps as we know them. But we'll get there sooner or later with the launch of ETH 2.0, making both ETH and LINK indispensable tokens in crypto land. Just my thoughts