ChainLink Token (LINKUSD)

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Why ChainLink Crypto Will Mirror Ethereum

First, consider the market capitalizations of both cryptos. Ethereum is the second-largest crypto, with a market value of about $290 billion as of June 13, according to Coinmarketcap.com. By contrast, Chainlink is the 14th largest cryptocurrency with a market cap of $10 billion. Therefore, the general direction that ETH crypto takes will tend to influence the positive or negative moves of LINK crypto.

Another reason is that Ethereum is seen as the father of smart contracts. As I wrote last month on May 17, Chainlink is now starting to develop and attract a number of smart contract apps. For example, Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) started using Chainlink as a smart contract platform in 2019. This garnered a good deal of attention for Chainlink, including from Forbes magazine, which said LINK provides “on-ramps and off-ramps” for smart contracts.

https://www.nasdaq.com/articles/chainlink-looks-like-good-value-here-especially-if-ethereum-takes-off-2021-06-14