From Nasdaq: 2024-11-14 07:43:00

Chainlink (CRYPTO: LINK) saw a meteoric rise from $2 to $52 during the last crypto bull market. Currently trading at $14, the cryptocurrency is overlooked by investors. However, Chainlink’s involvement in asset tokenization and AI could lead to a potential resurgence. Wall Street giants like BlackRock are backing the asset tokenization trend, projecting a $10 trillion market opportunity by 2030.

As a blockchain oracle, Chainlink provides real-time external data to blockchains, primarily for decentralized finance during the previous crypto bull market. Now, Chainlink aims to combine its technology with artificial intelligence to address data fragmentation within the financial industry. The potential market opportunity for AI and blockchain technology could be worth trillions, with applications in various sectors beyond finance.

Investors considering Chainlink should take a long-term view, as the asset tokenization and AI trends may take years to fully materialize. Chainlink has the potential to reach its previous all-time high of $52, offering a 270% return on investment. While not included in the Motley Fool’s 10 best stocks list, Chainlink’s involvement in these trends could lead to significant growth opportunities in the future.



Read more at Nasdaq: This Cryptocurrency May Be Down 73%, but It Has Explosive Long-Term Potential