Chainlink is unironically fairly priced. The market recognizes that it is an important piece of infrastructure hence why it's in the top 13.
Link holders are absolutely delusional.Link is the perfect normie coin. It's got a cool logo, it's $11/coin, and "muh oracles" is just technically sophisticated enough for normies to understand but too sophisticated for normies to dive deep enough to realize Link just isn't needed.If smart contracts actually start being used in the real world (no, making ERC-20 scamcoins doesn't count) then some will require Oracles. But an Oracle is just a JSON parser with some voting mechanisms baked in. It's not something you need BILLIONS of dollars and YEARS to develop. It's not something you need "partnerships" for. You sit down, write the code, and you're done. Chainlink isn't in the Oracle business. They're a branding machine. Their sole objective is pumping the price of their asset, Link. An asset, by the way, they own 60% of. Yes, 60%.When the time comes Oracles will be written on the native platform (probably Ethereum) and they'll use the native token (Ether). No one is going to need Link, no one is going to buy Link. Nobody will care. This project, along with all the other fad-projects will fade into obscurity. I won't speculate on price, this entire market is an irrational frenzy. Perhaps there is still room to grow, more money to be made. Just know you stand on 0 fundamentals and in the end fundamentals will prevail.
>>62680709>fairly pricedUSDT, USDC, SOL, HYPE, LINK>overpricedBTC, BNB, XRP, TRON, ZEC, DOGE>underpricedETH, XMR
>>62680709kek by that logic BNB and XRP are 10x more "important pieces of infrastructure"
>>62680724>SOL & HYPE>fairly pricedSol breaks down twice a month and had specific VC funding rounds early on.Hype is a decent protocol, but it doesn't use the HYPE token.
>>62681035>Sol breaks down twice a monthThat was 5 years ago, it has been running very smoothly since. >had specific VC funding rounds early onFTX crash reset a lot of the holder base and all VC unlocks are over. Sure the supply isn't as wide spread as BTC or ETH but it's slowly getting better over time.>but it doesn't use the HYPE tokenIt's mostly a PoS governance/stak1ng token but there are some use cases like gas fees for the EVM side of the chain, trading fee discounts and HIP-3 (and 4) fees for launching new markets e.g. stocks. Then there's the buybacks from protocol fees, which makes it one of the only coins which actually generates profit for the holders. Its P/E right now is around 25.Both SOL and HYPE are the only post-2020 coins on the list so it's understandable why you'd pick these two. Maybe I could downgrade HYPE because of competition from LIT, but SOL deserves its spot for being the only real competition against ETH. >Error: Our system thinks your post is spam. Please reformat and try again.Fuck this shit
>>62681186>That was 5 years ago, it has been running very smoothly since.30% of all staked SOL suddenly went missing just last month.>there are some use cases like gas fees for the EVM side of the chainThat's what I'm saying: Hyperliquid is what it is because of their perps protocol, which is "Hypercore" and doesn't use the HYPE token at all.>SOL deserves its spot for being the only real competition against ETHThere are hundreds of smart contract platforms that work just as well as both.
>>62681227>30% of all staked SOL suddenly went missing just last month.Missing? There was a problem with a big staking provider but no supply went "missing". You're right a chain halt was very close, but it's not "going down twice a month".>That's what I'm saying: Hyperliquid is what it is because of their perps protocol, which is "Hypercore" and doesn't use the HYPE token at all.True, but there are other use cases like I listed, the biggest one being 99% of all protocol revenue going to buybacks + burns. It's effectively the same as giving this profit for token holders in the form of dividends.>There are hundreds of smart contract platforms that work just as well as both.Agree to disagree. I think every single "ethkiller" so far has failed except Solana.
>>62681281>no supply went "missing".29% of ALL staked Sol literally went offline.>but there are other use cases like I listedNearly all usage of Hyperliquid involves Hypercore, which does not use the HYPE token.>I think every single "ethkiller" so far has failed except Solana.That's funny because Solana fails more than most.
>>62681294>29% of ALL staked Sol literally went offline.True but it's a failure of the staking provider, not Solana protocol. They will learn from this and liquid stakers will hopefully choose different (smaller) providers because surprise surprise centralization is bad. There were similar fears about Lido and how it going down would hurt Ethereum. Good thing Ethereum people were really loud about this and nothing bad happened.>Nearly all usage of Hyperliquid involves Hypercore, which does not use the HYPE tokenUsage of Hypercore generates trading fees, which are directed to HYPE holders in the form of buybacks+burns.>That's funny because Solana fails more than most.Fails at what? It has way more TVL and users than all ghost chains combined. Give me an example of a more successful ethkiller chain than Solana.
>>62681337>True but it's a failure of the staking provider, not Solana protocol.Solana keeps losing nodes, the nodes left keep using fewer and fewer hardware providers, and staked Sol (i.e. "hashpower") is getting more and more concentrated.These three developments show why this event happened, and how the risk of it happening again will only increase.Solana is not a very good (eco)system at all.>Usage of Hypercore generates trading feesYes, in USDC. Not in Hype.>which are directed to HYPE holders in the form of buybacks+burns.Why?
>>62681410>solana nodesAt least it has a decent amount of nodes. Look at Hyperliquid for example. It has 33 nodes and half of the voting power is Hyper Foundation. All of the nodes are located in Tokyo because it can't handle global latency. I agree Solana is nowhere near as decentralized as Ethereum but that's one of its design choices. Also note that I listed Ethereum as undervalued. How decentralized is your favorite ethkiller chain which you were too scared to mention?>Yes, in USDC. Not in Hype.This USDC is used by the protocol to automatically buy HYPE from the open market, and then burn it. USDC fees directly translate to HYPE.>Why?To pump the price of course. Why do AAPL holders benefit from a profitable new Apple product?
>>62681512>At least it has a decent amount of nodes.The number of nodes is largely a smokescreen; 2% of nodes hold almost 30% of Solana's "hashpower" (staked Sol).Solana functionally comes to a halt when 33.34% goes offline.It's a disaster waiting to happen (again).>To pump the price of coursekekSo HYPE isn't used at all, but gets burnt after the fact. That's a scam, you know that right?>AAPL holdersSo HYPE is an unregistered security. Got it.
>>62680709>>62680712you're a dumb person
>>62681551>solana centralizationTrue. So, in your opinion what smart contract chain is the second best after Ethereum if not Solana? >So HYPE isn't used at all, but gets burnt after the factYou completely ignore the staking and governance side of it and how it's also used to launch new markets (HIP 3 and 4). But yeah the main purpose is fee revenue being directed to it. The economics of the coin work well so I don't see why you're so mad about it.>So HYPE is an unregistered security. Got it.Basically yes. It generates profit and shares that profit for token holders.
>>62681594>You completely ignore the staking and governance side of itWhich are completely irrelevant considering Hyperliquid themselves control both. You said this yourself: >>62681512>half of the voting power is Hyper Foundation.>Basically yes. Being an unregistered security is bad, you know that right?
>>62681603>Which are completely irrelevant considering Hyperliquid themselves control bothThe foundation controlling most of the nodes doesn't make it less of a use case. >Being an unregistered security is bad, you know that right?I disagree. Also I'm not American so I don't have to care about their laws.
>>62681618and just like that, the Twink shill vanishes
>>62681618>the usecase being useless does not make it less of a usecaselolHyperliquid's prime usecase does not use HYPE, but they attach the token to it after the fact purely to... pump the value of the token.That's hilariously scammy shit.
>>62683432It's literally the same as Larry Ellison holding 40% of ORCL stock. It doesn't make the company or stock any less useful.>but they attach the token to it after the fact purely to... pump the value of the token.A native coin is needed to run a blockchain, especially one that uses PoS. If you think Hyperliquid could just be a normal CEX without its own chain, then you're missing the point of crypto.>pump the value of the tokenValue going up is good, you know that right?
>>62683529Hyperliquid runs most of the consensus nodes themselves, and burns HYPE for no reason at all just to make the price go up.It's a more outright scam than Bitconnect.
>>62680709I remember back in the day there were a sizable group of posters who believed Link would become more important than Bitcoin one day. I still believe that day can come.
>>62683529>Value going up is good, you know that right?WAZZAP WAZZAP WAZZAAAAAAAP
>>62683596>Hyperliquid runs most of the consensus nodes themselvesThis is true and I was the first to point it out. Hyperliquid isn't competing against Bitcoin or Ethereum, it's competing against CEXes like Binance which are way more centralized than 30 validator PoS. >and burns HYPE for no reason at all just to make the price go upYou don't seem to understand capitalism so I'm just going to stop trying to explain. >It's a more outright scam than Bitconnect.You are exaggerating. It's funny how no-coiners who call Bitcoin and Ethereum a scam are completely fine with Hyperliquid because it has a clear use case that generates revenue. Then there's the crypto people who dislike how centralized Hyper is (except you seem to have a raging hate boner). You have to realize there are many different types of crypto with different use cases, and that many of them can't be done with Bitcoin/Ethereum level decentralization.
