Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => Chainlink Forum => Topic started by: damsix on April 29, 2021, 11:44:10 AM

Title: What's wrong with the Chainlink coin ? 8-9-10-11-12 .... ?
Post by: damsix on April 29, 2021, 11:44:10 AM
When I became a Moderator in the Chainlink Sub-Forum section, I still remember that Chainlink's ranking was number 9.
Then a few weeks it went up to number 8 and I was very happy because I was in the Sub-Forum section that entered the top 10 Coinmarketcap.
But look now, this Chainlink coin has thrown out of the top 10 Coinmarketcap and it is certain that the funds for the market have dropped, what's going on? (see reference image below).
Can anyone explain why the marketcap of this Chainlink coin has been overtaken by other altcoins ?

(https://i.imgur.com/1d7al9U.jpg)
Title: Re: What's wrong with the Chainlink coin ? 8-9-10-11-12 .... ?
Post by: masudginanjar on May 08, 2021, 07:19:11 AM
There is nothing wrong with this Chainlink coin but it seems that the Chainlink link coin is not competing with the various altcoins that are already circulating in the market.
This Chainlink coin has very tight rivals such as Solana, EOS, NEO, Polkadot and Binance Smart Chain and of course when talking to Smartcontracts you must be able to deal with Ethereum.
The Chainlink coin must be able to adapt to the surrounding cryptocurrency because if it can't, it will be thrown out of the top 20 Coinmarketcap.
Title: Re: What's wrong with the Chainlink coin ? 8-9-10-11-12 .... ?
Post by: kent47400 on May 09, 2021, 03:36:58 PM
The fault location of the Chainlink coin is in the DeFi project because Chainlink's DeFi is less attractive to large-scale investors.
I see that big investors choose Binance, Polkadot and Ethereum, so it's only natural that Chainlink can't compete with all of these coins.
But maybe in the future Chainlink will continue to be able to compete with these top 10 coins and I'm waiting for it to take advantage of it as a Chainlink HodLer.
Title: Re: What's wrong with the Chainlink coin ? 8-9-10-11-12 .... ?
Post by: jonathancool220 on May 14, 2021, 05:47:11 AM
I have already said that Chainlink requires an internal change because the team from Chainlink is not very active in the issue of price increases.
Chainlink isn't just attracting famous people to create Hive from its coins, so that Chainlink's market cap is slowly decreasing.
I tried to look at Coinmarketcap and now the ranking price from Chainlink is number 13, Hmmmmmmppp.
Title: Re: What's wrong with the Chainlink coin ? 8-9-10-11-12 .... ?
Post by: Papa Bear on May 16, 2021, 05:40:02 PM
The fault vicinity of the Chainlink coin is withinside the DeFi challenge due to the fact Chainlink's DeFi is much less appealing to more traders.
Mostly traders select Binance, Polkadot and Ethereum, so it is most effective herbal that Chainlink cannot compete with all of those cryptos. But perhaps withinside the destiny Chainlink will keep in an effort to compete with those pinnacle top currencies.
Title: Re: What's wrong with the Chainlink coin ? 8-9-10-11-12 .... ?
Post by: damsix on December 20, 2023, 02:07:26 PM
Quote from: Papa Bear on May 16, 2021, 05:40:02 PM
Mostly traders select Binance, Polkadot and Ethereum,
It could also be like that because I see that the networks from Binance Smart Chain, Polygon Matic, Ethereum and Polkadot are widely used, and even now the Blockchain from Bitcoin is also used to create tokens such as Ordinal and 1000Sats.
Chainlink must also continue to strive to create innovations that are superior to Polkadot, Binance Smart Chain so that it can be widely used by the community.
It's a little late for Chainlink to advance, but if not now to innovate, then when?
Title: Re: What's wrong with the Chainlink coin ? 8-9-10-11-12 .... ?
Post by: Gm Jutt on December 20, 2023, 03:05:33 PM
Quote from: damsix on December 20, 2023, 02:07:26 PM
Quote from: Papa Bear on May 16, 2021, 05:40:02 PM
Mostly traders select Binance, Polkadot and Ethereum,
It could also be like that because I see that the networks from Binance Smart Chain, Polygon Matic, Ethereum and Polkadot are widely used, and even now the Blockchain from Bitcoin is also used to create tokens such as Ordinal and 1000Sats.
Chainlink must also continue to strive to create innovations that are superior to Polkadot, Binance Smart Chain so that it can be widely used by the community.
It's a little late for Chainlink to advance, but if not now to innovate, then when?
You raise a valid point about networks like Binance Smart Chain, Polygon Matic Ethereum and Polkadot... being used a lot. They have become popular in the blockchain world... and even Bitcoin  blockchain is being used to make tokens like Ordinal and 1000Sats.
For Chainlink to stay competitive and get more people to use it... they need to keep coming up with new ideas. Even though it might seem like they are a bit late... it is never too late to come up with new things and get better.
If Chainlink can create better ideas than networks like Polkadot and Binance Smart Chain... more people will use it and it will become more popular. They need to take this opportunity now and show the community what makes them special. Coming up with new ideas is important to stay important and get more people to use blockchain technology.
Basically the competition is too much in the cryptocurrencies world every good project is trying to make some better developments to compete with others.
Title: Re: What's wrong with the Chainlink coin ? 8-9-10-11-12 .... ?
Post by: damsix on December 24, 2023, 05:28:40 AM
Quote from: Gm Jutt on December 20, 2023, 03:05:33 PM
Basically the competition is too much in the cryptocurrencies world every good project is trying to make some better developments to compete with others.
There must be a lot of competitors, it depends on whether a project is strong enough to be able to survive against these competitors.
Polygon has zkEVM which is able to change Ethereum L1 to Ethereum L2 very quickly and is used very often because the transaction fees are so cheap. This is only my opinion.
As far as I know, Chainlink's transaction speed is still inferior to Polygon's transaction speed and this is something that is very interesting or a suggestion for developing Chainlink coins to make them even faster.
Title: Re: What's wrong with the Chainlink coin ? 8-9-10-11-12 .... ?
Post by: hair on January 02, 2024, 10:18:29 PM
Quote from: damsix on December 24, 2023, 05:28:40 AM
As far as I know, Chainlink's transaction speed is still inferior to Polygon's transaction speed and this is something that is very interesting or a suggestion for developing Chainlink coins to make them even faster.
I'm not a holder of Chainlink. As you said before for the transaction speed matic is better than Chainlink maybe this is the reason why Chainlink has been overtaken by other altcoins, especially top coins. So what do you think that Chainlink can take a position in the top 10 CMC again before bitcoin halving?
Title: Re: What's wrong with the Chainlink coin ? 8-9-10-11-12 .... ?
Post by: anshor1 on January 02, 2024, 10:24:58 PM
Quote from: hair on January 02, 2024, 10:18:29 PM
Quote from: damsix on December 24, 2023, 05:28:40 AM
As far as I know, Chainlink's transaction speed is still inferior to Polygon's transaction speed and this is something that is very interesting or a suggestion for developing Chainlink coins to make them even faster.
I'm not a holder of Chainlink. As you said before for the transaction speed matic is better than Chainlink maybe this is the reason why Chainlink has been overtaken by other altcoins, especially top coins. So what do you think that Chainlink can take a position in the top 10 CMC again before bitcoin halving?

I like both, LINK and MATIC.
In my opinion I think both are good competitor.
Talking about  which is faster in transactions, Matic is faster..
But We don't know, what happens if LINK team will improve their project.
Let's see
Title: Re: What's wrong with the Chainlink coin ? 8-9-10-11-12 .... ?
Post by: IyemRoker on January 19, 2024, 02:28:17 PM
Quote from: hair on January 02, 2024, 10:18:29 PM
So what do you think that Chainlink can take a position in the top 10 CMC again before bitcoin halving?
When I wrote this topic, I saw this chainlink coin in Poinition number 13 at CoinmarketCap.
If you think that before Halving Bitcoin, where will this chainlink coin run?
Then I will answer that this chainlink coin will be able to continue to enter into the top 10 Coinmarketcap.
The main key I can say that Chainlink will return to Top 10 Coinmarketcap is the same as other members who say that this chainlink coin has been working with Google for a long time.