Is chainlink a DeFi coin?

charlielee
2022-10-21 10:10:08
Chainlink is now the number 1 defi token thanks to coinmarketcap deciding its a defi token and adding it to the list,” analyst and speaker Jason Fernandes wryly tweeted on Monday. “Tune in next week when Binance coin becomes the second biggest defi token.
dianasmith
2022-10-21 10:11:03
The chainlink can never be number one among defi coins. Because there are many more DeFi coins that are being celebrated and are very expensive. For example, YFI coins are currently priced above $13k. So I think LINK is not the only DeFi coin that has taken the first place in the market. So you can take a look at the first stages of the market. However, exchange and coinmarketcap.com have started to reduce the price of DeFi coins. So the management of DeFi projects has to be careful in this regard. If not, good results cannot be expected. Investors will not get anything good. So not everyone should lose patience. The patient will benefit from these coins of the future. However, the price of coins of some projects will go down in the future. Some of the project's coins will come at a good price. So you have to invest by researching or observing the market.