Is LINK A Good Crypto To Buy For The Long Term? Or Does Avorak Have More Utility?


What Is LINK?

Chainlink (LINK) is a decentralized oracle network that provides secure, reliable, and tamper-proof data for smart contracts. It connects blockchain-based smart contracts to external data sources, APIs, and payment systems. The platform also provides an ecosystem of decentralized data feeds and oracles that enable developers to build and deploy smart contracts on any blockchain network.

LINK is an ERC-20 token that is used to pay node operators. It is also used to incentivize node operators to provide the data and oracles they need to make their smart contracts function.

LINK Price Analysis

The price of LINK has been steadily rising since its launch in June 2017. At the time of writing, LINK is trading at just over $7.50.

LINK’s chart shows a series of higher highs and higher lows, which is a sign of a strong bullish trend. The token has breached a few key resistance levels and is now trading close to its all-time high. This suggests that LINK could be in for further price gains in the near future.

LINK’s Potential for Long-Term Investment

LINK has been gaining traction as a reliable and profitable asset class for long-term investments. There are a few factors that make it a good option for investors looking for long-term gains.

One of the biggest factors is the platform’s adoption by major companies and organizations. The platform is being used by companies such as Google, Oracle, and Microsoft to develop blockchain-based applications. This shows that LINK is a reliable and secure platform that is being used by some of the world’s biggest tech companies.

Further, the platform’s network of node operators is also an important factor. The operators are incentivized to provide reliable data and oracles. This ensures that the data is accurate and secure. This makes it a reliable platform for smart contracts and other decentralized applications.

LINK has also been a favorite among institutional investors. This is a sign that the token is being seen as a reliable and profitable asset class by major investors. This could lead to further price gains in the future.

Is the Utility Enough?

LINK has a strong revenue source that keeps a continuous buy pressure on the token and shows longevity, but is the revenue enough, especially against the high market cap of the Chainlink token?

Avorak AI, a new project launching their ICO imminently, runs on a similar model of using their token as a payment system for access to Avorak products. These products include but are not limited to image generation, AI writing, trading and analysis bots, online shopping assistants, and much more. With such a plethora of usability, the demand for the AVRK token will likely far outpace its relative market cap and cause a price surge as the company gains notoriety. With the introduction of the total supply onto the market at launch and a small portion of revenue being used to burn AVRK continuously, this deflationary model is also a significant improvement over the way the LINK token functions.

To summarize, LINK is a good buy for long-term investment, but new projects like Avorak will likely have much higher returns.

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