Chainlink: A Crypto Stocking Stuffer to Buy Before the End of the Year 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.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.

Be the first to comment

Leave a Reply

Your email address will not be published.