Well, currently LINK is an asymmetric investment opportunity, meaning that its potential upside is much more significant than its potential downside, regardless of overall market conditions. This is mainly due to the nature of the services it provides. Chainlink has positioned itself as an essential actor in the crypto space.
If the decentralized finance boom continues to grow, more DeFi applications will be created and more Chainlink services will be required. In order to use Chainlink oracles, these applications have to run nodes by locking huge amounts of LINK tokens driving the price higher. In the opposite case, if the DeFi space loses some of its hype, Chainlink will still be needed, whether it is from dApps or from new businesses that want to get into blockchain and use smart contracts technology.
now chainlink is #1 defi on coinmarketcap
price 27.70$