Link will be fucking 45 dollars by the tenth of july

link will be fucking 45 dollars by the tenth of july

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Why?

To answer this we should first start investigating how much value will be on the network since the value of the staked collateral is directly dependent upon how much value it is insuring. Let’s look at the insurance market, a market commonly believed will be an early adopter of blockchain. Net premiums written totaled $1.2 trillion in 2017 in the US alone… Let’s start small, let’s say only 5% of that makes it on to the blockchain. Now let’s say we need to have 5% collateral for those high value contracts. This results in a total value of $3B in collateral needed. The current value of the entire 350M LINK in circulation is only $1.2B… Are you seeing what is happening here? The LINK token needs to increase in value tremendously in order to be able to act as collateral for contracts using it. Remember, this was just the US, just 5% of the market and just insurance. This does not include the Trillions in the global Insurance market, the Trillions in the global financial market, the Trillions in healthcare, etc. Chainlink captures value from all of this. Anything that is on a blockchain and needs data about the real world, Chainlink can capture the value of that data in its network.

>16 billion market cap
makes perfect sense user just bought 10

source?

Or you’ll eat your dick, John?

Let us not forget the value offered to the enterprise data providers here either. Blockchain is an entirely new revenue stream for existing legacy companies. These Smart Contracts represent entire new markets for companies to sell their data to and Chainlink offers them an easy and secure way to do so. Oracle’s recent announcement is an excellent example of this. They are adding 50 new data providers to their blockchain via Chainlink and they are offering this integration support for free. This makes excellent business sense to them since it makes their platform more attractive by having more data. In the end they make greater profits since they can charge more for their services and/or acquire a greater number of clients.

Based powell, even has dubs at the end of his name.

I hope now by the end of this article, the gigantic value proposition is clear. Simply put, the more value in data that is transacted on the Chainlink network, the more value the LINK token must have to buy and insure the data. Furthermore, as more data providers join we see another feedback loop develop. The network becomes more attractive to end users due to the larger amount of data available on it, this causes more users to join, which then causes more data providers to join in order to sell to the increased number of users and so on and so forth. There is a tremendous amount of synergy and network effect feedback loops designed into the economic properties of Chainlink and for this reason, it will be firmly placed among the most valuable cryptocurrencies.

partnership with China Life Insurance as first steps into the insurance market. CLI want a way to easily automate payouts and adjust fees according to social behaviours (the state subsidies them accordingly)