re: Official CryptoTalk Thread

Please explain, like I'm 5, how this relates to Chainlink in real life. I've been a silent Link marine for some time and haven't been hearing near as much about it lately.

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What ya mean. Basically the chart is based on the price at the market cap should be. According to this Chainlink makes up 1% of all the crypto marketcap. Based on the integrations and what Chainlink is bringing to the table this is very low. During the last bull market XRP obtained over 20% of the total crypto market cap. If Chainlink was able to capture that in this market then it’s price would be $700. Is this realistic ... who knows but it seems a price jump is due

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Are you asking if it’s realistic that Link would obtain 20% of the market? Because that is not realistic at all, things were way different in 2017 when ripple was able to do that. BTC is way more powerful now and that’s just one of many factors.

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Yea 20% is a pipe dream. 5% though... I think I could live with $193 Chainlink

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I won’t get greedy, I’ll settle for $100 Link

Almost $80 million was spent in gas today. I think somebody might be using Eth

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ETH doesn't have any users either though

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:/

Yes indeed many defi platforms such as uniswap run entirely on ETH and would shut down tomorrow otherwise. Don't see the greyscale ETHE going anywhere and that's just the start

I missed that boat and greatly regret. I'm jumping on paralink which will be out soon

(no message)

Pretty good afternoon and evening overall.

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Endgame this is all about making dollar bills

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There are several smart contract platforms with a much higher potential return than ETH right now. The window for them is wide open, and if they get even one functional app, they will bust wide open. If you want to make money, you should be looking at ETH's weaknesses and diversifying into those other platforms.

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TH will push that this year.

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Anyone who isn't holding some eth is making a mistake.

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Any conjecture into ETH killers is pure specs

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ETH is just as, if not more speculative than it's major competitors.

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we will face a bear market later this year before that. Sure gas sucks but ya know what everybody paying it. No one will be talking about gas in december

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Gas doesn't just suck, it's driving ETH speculators away. More importantly, the big advantage ETH had with its popularity among developers is shrinkly rapidly.