Chainlink (LINK) Is Up 95% Since Last Year. Here's Why It Still Has Legs.

Many top cryptocurrencies have performed well in the last year, including Chainlink (CRYPTO: LINK). As I write this (Oct. 1), the leading oracle cryptocurrency is up by about 95% year on year. Oracles are the backbone to many blockchain ecosystems because they provide the data that keeps everything running.Chainlink describes itself as "the missing link between blockchains and the real world." Not only can Chainlink act as a bridge between blockchain systems and existing networks, it also helps individual blockchains to talk to each other.It secures over $100 billion in funds on-chain, according to DefiLlama, and claims to have facilitated over $25 trillion in transactions. Put simply, if blockchain continues to gain mainstream adoption, oracle cryptos like Chainlink will play a key role. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool