In December 2023, Chainlink experienced significant price changes, reflecting a general downturn in the cryptocurrency market.
Current State of Chainlink
As of December 30, Chainlink traded at $20.25, marking a 35% drop from its yearly high of $31.65. This decline coincided with losses in major cryptocurrencies such as Bitcoin.
Acquisition by World Liberty Financial
In September 2019, World Liberty Financial under Donald Trump acquired Chainlink for Oracle solutions by purchasing $2 million worth of LINK tokens. This acquisition highlighted the company's interest in utilizing the technology.
Long-term Prospects According to the Expert
Despite the current decline, cryptocurrency analyst Michael van de Poppe expresses confidence in Chainlink's long-term potential. He notes the undervaluation of LINK compared to Bitcoin and points to potential growth scenarios.
Amidst the current decline, many investors remain optimistic about Chainlink, seeing it as an opportunity for future growth.
