Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => Chainlink Forum => Topic started by: Yamane_Keto on July 02, 2024, 04:34:44 PM
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As part of BUILD, Chirp will receive key benefits, including access to and integration of Chainlink Functions to transfer offchain DePIN data onchain, Automation to enable secure smart contract automation, along with access to new Chainlink product alpha and beta releases, among other benefits.
https://x.com/chainlink/status/1807747357003407559
The DePIN protocol forms physical infrastructure such as network antennas, sensors or devices by a decentralized community where Participants, or Keepers, contribute their resources to the network in exchange for tokens.
Chirp is a decentralized network that supports more than 2,000 Internet of Things (IoT) devices.
https://cryptomode.com/news/chainlink-depin-chirp/
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The DePIN protocol forms physical infrastructure such as network antennas, sensors or devices by a decentralized community where Participants, or Keepers, contribute their resources to the network in exchange for tokens.
Chirp is a decentralized network that supports more than 2,000 Internet of Things (IoT) devices.
Congratulations to Chainlink on continuing to add important partners to delve into new areas like DePIN. With the development of the market, DePIN will gradually become important to support the needs of both users and blockchains. The demand for data usage and transmission will be extremely large and Chainlink will continue to be the leading oracle for DePIN projects like Chirp to choose and use.
With these strong and positive developments related to DeFi, RWA and DePIN, we can expect a new ATH for LINK token in this bullrun, possibly reaching $200 in 2025.
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With these strong and positive developments related to DeFi, RWA and DePIN, we can expect a new ATH for LINK token in this bullrun, possibly reaching $200 in 2025.
2000 IOT for Chirp is still a small and limited number, although these applications will expand in the coming years, so that every device in the home will have an IP address, and a single home may have more than 20 IP addresses. If development continues, the market is promising. $200 in 2025 is a reachable goal but I'm not very optimistic.
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2000 IOT for Chirp is still a small and limited number, although these applications will expand in the coming years, so that every device in the home will have an IP address, and a single home may have more than 20 IP addresses. If development continues, the market is promising. $200 in 2025 is a reachable goal but I'm not very optimistic.
I believe that this positive news could create FOMO among LINK investors and push LINK price up, but the revenue and profits from Chirp are unlikely to directly support the LINK price. The same is true when we consider Chainlink Labs revenue of over $100M, which is much smaller when compared to the LINK market cap.
$200 was once the target for the LINK price in the bullrun 2021, but unfortunately it was not reached. With its potential in many other areas, I believe LINK has a good chance of achieving this target in 2025 when oracles are still a major need in the development of DeFi and RWA!
- Chainlink Labs Revenue and Competitors (https://growjo.com/company/Chainlink_Labs)
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$200 was once the target for the LINK price in the bullrun 2021, but unfortunately it was not reached. With its potential in many other areas, I believe LINK has a good chance of achieving this target in 2025 when oracles are still a major need in the development of DeFi and RWA!
I do not want to be very very optimistic, but in the short term, the price is almost touching the bottom that leads to the price rising. $24 as a peak for this year is very possible.
Three times this peak is reasonable levels until the end of 2025. If we are very optimistic, the price may touch $200, but this requires a real event to affect the price.
If we return to reality, $25 is the current target.
(https://i.postimg.cc/k4q1HsjW/image.png)
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I do not want to be very very optimistic, but in the short term, the price is almost touching the bottom that leads to the price rising. $24 as a peak for this year is very possible.
Three times this peak is reasonable levels until the end of 2025. If we are very optimistic, the price may touch $200, but this requires a real event to affect the price.
If we return to reality, $25 is the current target.
Yeah, the bullrun hasn't started yet so let's temporarily focus on the goal of LINK hitting a new ATH at $25. I hope this will be achieved in 2024, and 2025 is for crazy growth in FOMO and a series of positive news.
Chainlink is still expanding its customer base, the crypto market is developing as LINK is increasingly used in DeFi, DePIN, RWA... That will be the driving force for LINK to get cash flow and increase its price strongly, bringing profits to investors. $200 is just a target price for us to follow and expect, the reversal signal from up to down is the basis for investors to take profits.
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I do not want to be very very optimistic, but in the short term, the price is almost touching the bottom that leads to the price rising. $24 as a peak for this year is very possible.
Three times this peak is reasonable levels until the end of 2025. If we are very optimistic, the price may touch $200, but this requires a real event to affect the price.
If we return to reality, $25 is the current target.
Currently, LINK is trading at $11, which is quite low compared to investors' expectations. We haven't seen frequent updates from Chainlink, which could be the reason why investors are losing confidence and starting to sell LINK instead of continuing to hold to their target.
The good news is that LINK price has not retested the bottom of the 2023 crypto winter like many other tokens in the market and within the oracle trend. At the same time, LINK's position in the market has been established and is difficult to change in the short term, so LINK holders can continue to be reassured and wait for the price to increase in the uptrend.