His prediction is based on the fact that LINK is not affected as much by BTC’s movements. Furthermore, the price of LINK is dependent on ChainLink’s user growth.
What is chainlink (link)?
ChainLink is the first of its kind to spearhead oracle-interaction blockchains. Additionally, the price of LINK was somewhat immune to Bitcoin’s price action.
Is chainlink (link) bigger than bitcoin?
Top crypto analyst, Timothy Peterson, believes that ChainLink will eventually be bigger than Bitcoin. His prediction is based on the fact that LINK is not affected as much by BTC’s movements. Furthermore, the price of LINK is dependent on ChainLink’s user growth. ChainLink allows for the interaction of real-world information.
What is the link token (link)?
It allows the tokens to be processed and received by smart contracts within a single transaction. The LINK token is used in the Chainlink network to compensate Chainlink Node operators for the retrieval of data from the external data sources, turning it to blockchain readable format, off-chain computation, and uptime guarantees.
