CHAINLINK had some big news today with the testing being completed by a number of banks along with the DTCC. This will be interesting to see how this goes over the coming 5 years and will they adopt LINK or have multiple cryptos in use. This is the million dollar question no one has the answers to and we would love to know.
The problem in crypto is you have to pick and choose your investments because you cannot be invested in everything. When you have limited financial resources you have to be picky and do your homework on every investment. Sure you will get some wrong, but you will also get some right along the way. I bought some CHAINLINK a few years ago and cannot even recall how much I paid for them, but they were less than $4 and could even have been sub $2. I did not buy as ay as I would have liked however as I chose other projects over #LINK instead.
Many in crypto have hundreds of various coins/tokens and I do not see the point in that unless you have big bags in all of them. My crypto philosophy has always been about more of less than less of more because I want to make a difference with the hope it leads to financial independence.
I really hope #LINK does very well for those that invested into the project and I have no regrets and will not be chasing this with FOMO either.
If you are going to have a client on board for your crypto then having the Depositary Trust And Clearing Corporation comes no bigger having processed $2.5 quadrillion in security transactions back in 2021. For those trying to work out what a quadrillion is it is a thousand million millions or a million billion which is a big number. The DTCC also holds securities in the region of $87 trillion for the US and 131 other countries.
For those of you who are thinking about this a little more seriously after seeing those numbers above here is some more information on the LINK token itself.
Current Price is $14.74 (up 7.4%)
May 10th 2021 ATH $52.70
There is 1 Billion max supply with 587 000 in circulation so nearly 60%. I billion is not a big number when you are no longer talking Billions and rather Quadrillions.
This is still nearly 4 x from it's ATH so it must still be considered good value for money knowing the news today. I may try and grab a few more over the coming weeks ad see if this is a sell the news moment or not first. There is a chance it could drop in value over the coming months especially if Bitcoin drops in value. No one quite knows what to expect and I think I am happier having liquid funds right now with the view of wait and see.
We are spoilt for choice with some really good projects around in crypto these days that have genuine use cases. Unfortunately they stand out from the rest who have yet to prove their real value whether they even have a use case or not. This is why doing your research is so important because you could uncover a gem and then bide your time waiting for investors to come to you. This is why I am in two minds whether to buy more LINK or not because this has already done 3 x from when I purchased even though we are still considered early.