Timothy Peterson, a chartered alternative investment analyst, says Chainlink (LINK) token could be valued at $32 by the end of 2020. Peterson’s comments come just days after LINK rallied by 88% over the course of two weeks.
The explosive growth of the Decentralized Finance (DeFi) market is thought to be one of the primary factors that spurred the demand for oracles, like Chainlink and Band Protocol (BAND) and data from Defi Pulse shows that since June, the total value locked in DeFi protocols surged by four-fold.