CryptoDaily Briefs

Daily Brief Crypto: 2023 High Conviction – Chainlink and more

In today’s briefing:

  • 2023 High Conviction – Chainlink, Bridging Blockchain with Real-World Data Source
  • A New Model for Assessing Crypto Asset Liquidity

2023 High Conviction – Chainlink, Bridging Blockchain with Real-World Data Source

By Edward Wu

  • Chainlink provides essential data-feeding services for blockchains, providing a bridge between blockchains and real-world information and data sources for both crypto and non-crypto use cases.
  • LINK token captures Chainlink’s network value, and new tokenomics 2.0 introduce staking further improve the supply & demand dynamic.
  • LINK price is supported by the growing usage of Chainlink network as onchain activity continues growing despite the bear market.

A New Model for Assessing Crypto Asset Liquidity

By Kaiko

  • Market capitalization is one of the most commonly used metrics to legitimize the value of a cryptocurrency.
  • We often hear of a token breaking into the top 10 ranking by market cap, with tokens like BNB making headlines after a move into the top 5, cementing it as a pillar in the crypto ecosystem.
  • However, all it takes is a quick run through the top 20 or 30 tokens to realize not all market caps are created equal.

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