Will it reach $5000?

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I'm actually more qualified to talk about this than most anons.I'm employed with a cyber-techno machinations company, I do a lot of security analyst programming type work. Open source, decentralized, APIs, partnerships, you name it. We'd be one of the first companies in line for something like Chainlink, if the decentralized smart contract space had more value over traditional data exchanges. There's a catch though, an underlying flaw more deeply embedded in the bedrock of LINK than the very code itself. The flaw is with the concept, and it's this: Companies won't actually go through the hassle of trusting their data API's through crypto.

Now I can already hear your keyboards going frantic, but hear me out. Jow Forums hates banks, and traditional data providers. But actual companies, businesses, and investors do not. There's an old saying you might have heard of: "If it ain't broke, don't fix it!". The idea that any of our bosses would give us the go ahead if we approached them to put our companies valuable data in a smart contract on a cryptocurrency called Chainlink, that they've never heard of, we'd be laughed out at best and fired on the spot at worst. We already have API data buyers and providers we trust.

'But Chainlink is trustless!' I hear you cry, but is that really a good thing? Just listen to the sound of it. Businesses don't want to spend millions of dollars on something that is trustLESS, they want something trustFUL. 'But the reputation system!', doesn't that defeat the whole point of your coin? If companies only trust nodes with high reputation, what's the difference between trusting banks and data providers that already have reputation, but in real life not on a computer screen.

The fact is, LINK is going to share the same fate as ETH will. A lot of 'real world application' hype, with a lot of 'crypto world application' reality. Only, this billion supply coin isn't going to come close to the $1k that Etherum hit. Happy gambling though anons.

no

Yes

when is the question

Why would it? It has legit competitors and most use cases will be able to scale across chains.

what could its competitors do that ethereum cant?

They can scam their bag holders way harder than ETH can.

Truth is, pretty much every single eth competitor is 1000x worse than ETH. If ETH doesn't make it, none of them will. Ziliqa might end up being OK at best, it has sharding, but most likely it is ultimately not able to perform as well as they claimed.

I still don't think most normies understand what ETH does and can do.

thats cool user. but who fucking cares about the banks. when they finally fomo in BTC will already be so widely distributed that individuals will be able to decide whether they want to trust bank API or blockchain API. Also, banks are a business. Their best customer is the working man who takes out loans and pays interest on the loans which they give to investors. What happens when you can do exactly the same shit, just without the middleman? Wait till bitcoin goes into trillion dollar marketcap and we will see who the new wealthy are and what they decide to do with the wealth of nations.

It can unlock flat doors