Chainlink (LINK)
Chainlink is a decentralized "oracle" network that connects smart contracts on a blockchain with real-world data, such as asset prices, sports results, and time. Its role as a "bridge" between external information and the blockchain ecosystem is fundamental for the functioning of decentralized finance (DeFi) and other applications.
Why could it be surprising?
Indispensable Utility: As the blockchain ecosystem continues to grow and more traditional companies explore the technology, the need for an oracle solution like Chainlink becomes indispensable.
Expanding Services: Chainlink is not limited to price data alone. Its roadmap includes new services like "Chainlink Functions" for developers to use external code in their smart contracts. Both Stellar and Chainlink focus on real-world utility and institutional integration, which sets them apart from many cryptocurrencies that rely on "hype." While they have lagged at certain times, their solid fundamentals and crucial role in the future of blockchain technology position them as candidates with significant potential for a trend reversal, which could lead them to "come out of the red" and surprise investors.
