The legacy world and the blockchain

Come back today. We have a look at the market. I will share with you what I bought today. And I will give you a price prediction for the asset that I brought today, which is pretty bullish. So there is a buying opportunity at the end of this video, but before let's look at the market, let's look at bit coin. Let's look at bull versus bear sentiment in the market. And some news. The first news is that the MFT craze that's going on, which is quite interesting, has some polarities in there. One very positive news for is that oof is going in there. And that's the gaming giant from the legacy world, from the centralized world. Why is this bullish? Because this seems to be the first time that legacy world and blockchain really start coming together.


And this bridge is something exciting because when you have new technologies, you know, it takes a while until they become part of the legacy world. If you look at the internet and depending on how old you are, you may, I have experienced it like me or, or not. And so I have seen the internet coming and it took 20 years for the new technology internet to become part of the legacy world. And so we are now with blockchain. We are now in year five of that. And with NFT, we are in year 0.1 of that 20 years cycle. So the NFT cycle is interesting because there is bullish news. Like this one, there is bullish news, like people buying houses in the central land, people buying properties in the sandbox. And then there is also the other camp that says, are you people stupid? You are buying something that you can right.


Click on and save on your computer. And then you have the same image. The only difference is you don't own it as a property. I don't want to own every gun that I put play in. When I play a video game, I just play Mario card. I don't wanna own Mario. I don't wanna own the cart. I don't wanna own the toads that I am, that I'm sending. I just, I just wanna play. That's why I play. So it's an interesting, very polarized conversation right now on Twitter and read it. And it's fun to see it. I am not a gamer, so I cannot give you the in depth. I'm exploring this. So if you are a gamer, let me know in the comments what, how, what your position is and where do you see this moving forward? What I do is I explore here life, not the single picks, not the, the single partes of parcels of land that you could buy in the sandbox or the board ape that you could buy as an NFT, because that is too risky. You need to really understand and really study five hours a day to know that. And I'm, I do not intend to do that.

How are the markets doing?

We, hear we are exploring the infrastructure place. So what will always be needed if people buy NFTs, which they're doing, cause the money inflow is clear. So what are the picks and shovels that they need? And we share here the picks and shovels. So we have shared here yesterday, walks, we have shared here over the last weeks and months, we have shared engine and Solana. And we will share more and more of these picks and shovels. One of them being today's pick, but first let's look at the markets, how are the markets doing? We have some recovery and a hovering around 50,000 for Bitcoin on the price level. But if we go deeper, which is let's look at the hash rate, which is more, more relevant than price action, total hash rate. And, and why is it more relevant?


Because this is what's going on really under the hood. And this is the leading indicator. So price is a, a, something that happens later first happens function and adoption and network effects and then comes price. So total hash rate is super high, upper Polish. This is nothing else than healthy. Harsh rate is as high as it has ever been. The all time high was in may, as you can see. And we are almost there again and it's going up, up, up so very healthy under the hood now fear ingredient index in the market, the market is fearful. So what do we know our system says when the market is fearful, you go and shop a little bit. 28 is very, very fearful. So people are considering selling. They, I have no confidence in stuff going up. This is when we go through our list of the top 10 and go shopping.


So what did I shop today? I went through our list and I was looking at what is undervalued right now and is a goodbye. Now, there are a couple of them, but I went for this friend here, which is on our top 10 it's last year. And also this year it's chain link chain link is an Oracle and you need Oracles to operate the blockchain. There is no other way. Auction cannot work without Oracles. So basically we could say the future of technology cannot work without Oracles. And now there are how many Oracles around 14 Oracles and chain link is by far? I think it's 13 times bigger than the second biggest Oracle. So let's watch it closely. The price was around 21 today. That's when I went in it's it's now I think moving towards 23 let's let's have a look at chain link in action, ticker symbol link and it's chain link to U S D.


We go to the full chart. Let's see, this is chain link on the week. Let's go to the four hours. The four hours says it's at 2247. Still. I would buy also at this I preferred buying of course at 21 and the a side was lower, but it's still a buy for me in my context. This is not financial advice for you. I will share with you why I bought it. And what's my price prediction for 2022 and 2025 and 2030 for chaining. Cause right now at 22 and a half dollars, chaining is for me something that is worth much more. And it, especially, it's a safe risk reward. That for me, it's a relatively safe and I will show you why. When we go to the fundamentals, let's go to the fundamentals of chain link. We apply if you know our system.

The 10 steps checklist

And if you are part of this community, you know, the 10 steps checklist that we always go through and we will do this live together right now. Let's head here, some green, yellow, and red, and let's do this together. So chain link, symbol and thicker is this one link? Does it solve a real problem or not? This is green. Cause the problem that it solves is to be the bridge between the outside world and the blockchain world. It's from the asset class, we are in the smart contracts area, and it's a decentralized Oracle. Now an Oracle is something that you need to bring together different inputs, for example, in terms of network effects, which is also very green, it connects payment data, for example, visa with other financial data from the markets with completely different types of data, for example, temperature for a smart grip.


So you see the high interoperability of it. That's why it makes it also green there. And you see the potential. And I would say exponential path that this thing is on because when this catches on, this is a hundred percent exponential growth. And as you know, exponential growth is is logarithmic. It's not linear. It goes up really, really fast. It doesn't sorry, it, it, it is very slow to start, and this is what we are seeing right now in chain link. But when it catches up, then you have exponential growth quickly because that is built in into the way exponential growth works. So does it solve a problem? Yes. Is it decentralized enough? Yes. It's a, decentral Oracle. What's the asset class smart contract defi network effects. Yes. because of its ergonomics that we just discussed competition risk.


Well, it is 13 times, 14 times bigger than its next biggest competitor in the category Oracles. So is it inflationary or deflationary? This is super important. And I think we are the channel that takes this most seriously here, looking at the TBL and the amount fixed. And is there a way for them just to print more of a, it like you see with all these, I give you 1000% interest on it. If they can give 1000% interest, it's probably inflationary. Cause they just pick more from the back and say, Hey, we here, we have more here. We have more. So theos make it deflationary because somebody who wants to operate an Oracle a, a chain link, Oracle needs to buy link as a collateral, which increases the TL, the total value locked and makes it the inflationary from its own mechanics. Right? So it's all green so far.


Then the velocity and growth so far, the growth has not been outstanding, which I think is a good reason to consider it right now because we wanna buy the things before they pump and not after they pump the growth. And here, we should say that right now it's yellow, right? But to me, there's also a moment of green in here because the growth of what it is validated, it's this long enough around it's working, it's validated, it's accepted by the community. That's accepted by the partners accepted by the users in terms of growth. It will growth with the smart contracts with the defi space. And what's the growth of, of smart contracts. Well, you could argue the could be green, but let's go yellow for this one. And then team partnerships are super strong right now. I don't know much about the team itself, but the partnership have made me enough confidence not to look further because when you have Google cloud as a partner and you know, we also strategy sprints.


We are partner of Google and we know that they vet really, really hard before making somebody a partner it's not easy. They don't, they, they don't make it easy. They really vet thoroughly. And so when somebody's a partner of Google, of, of swift, of the New York stock exchange and of maker do and many, many more of Lana, et cetera, to me, that's a green community is strong. They have grants program. They invest heavily in these grants programs and they have a social media community, the link Marines, which is also important because when you have a great tech product you don't have great market years on the team, but they take marketing seriously. And that combination, great product and serious marketing. It's a winning combination. When we go to the technical analysis, you have just seen the price right now is at 2023. Let's say it's moving towards 23 right now.


It was 21 in the morning when I bought it. And now the price prediction, I see chain link this year. So right now it's at 23. I see it beginning of next year at around 110. And it can reach 600 in 2030 as, as numbers tell us right now, now this might change. If big blacks won events happen, if growth of the whole space of defi and smart contract changes. But with current trends, with current patterns, there is a good probability that this is 110 in 20, 22 and 600 in 2030, which makes it for me a buy at 2223. Definitely. Cause it's very validated. It's safe. It's not sexy and shiny. It's not hyped at all. And so I went in for a buy hope that helps keep rolling everybody.