/biz/ - Business & Finance

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.