ChainLink has been a good investment for many holders, especially for those who invested when the project first launched in 2017. Many long term holders believe the protocol has a bright future as the demand for decentralised oracle solutions is expected to grow. With economies of scale improving along with ChainLink's network effects, it could provide the highest quality data at very low costs.
Already the market leader with the most widely adopted decentralised oracle network across the entire crypto ecosystem, some traders consider ChainLink to be well placed to take advantage of this opportunity. Its decentralised services already include price feeds, proof of reserve, verifiable randomness, APIs and more. And some see LINK playing an important role as the currency in a two-sided marketplace.
It's positioned to serve some of the fastest growing sectors in crypto, including DeFi, web3, and dynamic NFTs. As always, past performance does not guarantee future performance and contact a licensed professional if you would like any financial advice.