3 Reasons Chainlink Price May Be Bigger than BTC and ETH in 2025
The post 3 Reasons Chainlink Price May Be Bigger than BTC and ETH in 2025 appeared on BitcoinEthereumNews.com.
Chainlink price has been on an upward trajectory throughout the month of September, rising by as much as 39% and making higher highs. Investors are closely watching this gem as they believe it could one day be bigger than even Bitcoin (BTC) and Ethereum (ETH). But how exactly will this happen? Reasons Chainlink Price Could Surpass BTC and ETH Bitcoin and Ethereum are the world’s largest cryptocurrencies in terms of market cap and popularity. The BTC price has a market cap of $1.26 trillion, while the ETH price follows it with $318 billion. On the other hand, the LINK price is sitting at a $7.6 billion market cap in the 18th rank, according to CoinGecko data. However, this decentralized finance (DeFi) project is not to be underestimated, as it possesses the power to rise to the top, potentially displacing BTC and ETH. Here are a few reasons this feat could be possible in 3 years. 1. Increasing Partnerships and Adoptions Chainlink has been forming significant partnerships with major companies and projects, including government agencies like the Depository Trust and Clearing Corporation (DTCC). Moreover, the collaboration with DTCC has allowed Chainlink to work with top U.S. financial institutions such as $1.5 trillion AuM Franklin Templeton and $1.7 trillion AuM Invesco, among others. Additionally, its collaboration with SWIFT aims to integrate traditional finance with blockchain technology, which could drive substantial adoption, usage, and, eventually, Chainlink price. 2. Dominance in Oracle Technology Chainlink is the leading decentralized oracle network, crucial for bridging smart contracts with real-world data. Banks that move over quadrillions of dollars need to be able to pick the most secured and widely adopted standard. They are testing with Chainlink now, and once they’re ready, trillions of dollars will be piling into this new age of the internet, flowing through CCIP…
Filed under: News - @ October 1, 2024 6:24 am