Fool.com contributor Chris MacDonald and The Motley Fool’s Eric Bleeker give the high-level bull thesis on why Chainlink (CRYPTO:LINK) is a cryptocurrency investors should keep on their radar this holiday season.
Eric Bleeker: Let’s look at Chainlink briefly because it’s one of the Web3 showcases. But how about just briefly why that would make a list of your top opportunistic ideas.
Chris MacDonald: I think Chainlink is interesting from the interoperability standpoint of crypto and where the sector is moving in terms of integrating blockchain-related data with off-blockchain data.
Chainlink is an Oracle network that links up off-chain data with various blockchains. I think there’s just a lot of use cases that are made possible with Chainlink. It’s technically a Layer 2 technology that helps to scale the existing Ethereum network in a certain way.
It’s one that I think is worth investors’ time to dive into and it’s off substantially off of its highs.
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