Chainlink Soars Into Top 10 Cryptos as Oracle Network Powers Asset Tokenization Trend
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Chainlink (LINK) is the only top 20 cryptocurrency that's up over 20% so far in 2024. It recently overtook Dogecoin to become the 10th largest crypto.
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Chainlink may benefit from the growing trend of real-world asset (RWA) tokenization - transforming traditional assets into digital tokens.
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As an oracle network that supplies data to blockchain smart contracts, Chainlink fits well into the RWA tokenization narrative.
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Chainlink previously soared 10x during the 2020-2021 crypto bull market by powering the decentralized finance (DeFi) boom.
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While risky, Chainlink could diversify a crypto portfolio with potential to benefit if asset tokenization takes off as a $16 trillion market by 2030.