加密貨幣市場在2024年處於滾動狀態，但近幾個月來，許多領先的名字都退縮了。

Chainlink（加密：Link）Oracle硬幣在12月17日的52周中翻了一番，這是這次激增的峰值。

The crypto market was on a roll in 2024, but many of the leading names have backed down in recent months.

加密貨幣市場在2024年處於滾動狀態，但近幾個月來，許多領先的名字都退縮了。

The Chainlink (CRYPTO: LINK) oracle coin had doubled in 52 weeks on Dec. 17. That turned out to be the peak of this surge. The coin price dropped a staggering 43% from there to this writing on April 2. By contrast, the massive Bitcoin (CRYPTO: BTC) rose 151% and then backed down by just 19% in the same time spans.

Chainlink（加密：Link）Oracle硬幣在12月17日的52週內翻了一番，這是這次激增的峰值。硬幣的價格從4月2日下降到了43％的著作。相比之下，大型比特幣（Crypto：BTC）上漲了151％，然後在同一時間跨越了19％。

Chainlink's chart has lost its swagger. Today, the coin is trading 24% below its year-ago value.

Chainlink的圖表失去了招牌。如今，硬幣的交易價格低於其去年同期的價值24％。

Did Chainlink investors get too excited last fall, or is the coin an excellent buy at these lower prices? Let's take a look.

去年秋天，Chainlink投資者是否過於興奮，還是以較低的價格購買硬幣是出色的購買？讓我們看看。

Why I'm putting my own money into Chainlink right now

為什麼我現在將自己的錢投入鍊鍊鏈接

Spoiler alert: I bought a few Chainlink coins three weeks ago. I'm down 5% on that investment so far, including the 1.8% headwind from Coinbase's (NASDAQ: COIN)transaction fees. You can get an even nicer starting price today.

劇透警報：三週前，我買了一些鏈條硬幣。到目前為止，我對這項投資下跌了5％，包括Coinbase（NASDAQ：COIN）交易費用的1.8％的逆風。今天，您可以獲得更好的起價。

In other words, I'm so convinced of Chainlink's long-term value that I'm putting real money in it during this price dip. Read on to see why I think you should consider a small Chainlink position, too.

換句話說，我非常相信Chainlink的長期價值，以至於我在這個價格下跌期間將真錢投入其中。繼續閱讀以了解為什麼我認為您也應該考慮一個小的鍊鍊接位置。

Chainlink's unique role in the crypto world

Chainlink在加密世界中的獨特角色

Different cryptocurrencies serve different purposes. Chainlink is the leading provider of a certain service, and it's not a close race.

不同的加密貨幣有不同的目的。 ChainLink是一項服務的領先提供商，這不是一場近距離比賽。

As an oracle coin, Chainlink provides real-world data to smart contracts. Its decentralized data feeds cover thrilling topics such as gold and silver prices, currency exchange rates, and inflation rates. Its data streams update more often, focusing on dollar-based cryptocurrency pricing data so far. There's a third data service called SmartData, which looks at more esoteric information about popular cryptocurrencies, such as the current cash reserves behind most stablecoins.

作為Oracle硬幣，ChainLink為智能合約提供了現實世界中的數據。它的分散數據提要涵蓋了激動人心的主題，例如黃金和銀價，貨幣匯率和通貨膨脹率。它的數據流更經常更新，重點是迄今為止基於美元的加密貨幣定價數據。有一個名為SmartData的第三個數據服務，它查看有關流行的加密貨幣的更多深奧信息，例如大多數穩定的現金儲備。

App developers can use this data to design smart contracts, running on well-known platforms like Ethereum (CRYPTO: ETH) or Solana (CRYPTO: SOL). The idea is to monitor Chainlink's data feeds and streams until one or more values reach a defined target value. That event then triggers the execution of that contract, which can mean many things.

應用程序開發人員可以使用這些數據來設計智能合約，該合同在以太坊（Crypto：ETH）或Solana（Crypto：Sol）等知名平台上運行。這個想法是監視鍊鍊接的數據饋送和流，直到一個或多個值達到定義的目標值。然後，該事件觸發了該合同的執行，這可能意味著很多事情。

For example, the contract might send 0.1 Bitcoin to a certain address when inflation is below 3% and the Euro is worth more than $1.20. That's just a silly illustration off the top of my head, but you can set up some mighty sophisticated contract terms with Chainlink's real-time data.

例如，當通貨膨脹率低於3％並且歐元的價值超過1.20美元時，合同可能會將0.1比特幣發送到某個地址。這只是我頭頂上的一個愚蠢的插圖，但是您可以使用Chainlink的實時數據設置一些強大的複雜合同條款。

Chainlink's surprisingly modest competition

Chainlink令人驚訝的謙虛競爭

So Chainlink serves up fresh data to a whole world of decentralized finance (DeFi) tools. Every data request comes with a very small fee. In the long run, this pool of tiny payouts should add up to real money. You'd think the crypto market would be packed with alternative Oracles, all hoping to snag a piece of Chainlink's money-making opportunity.

因此，ChainLink為整個分散金融（DEFI）工具的全世界提供了新的數據。每個數據請求的費用很小。從長遠來看，這種小額支出應該加起來是真實的錢。您可能會認為加密貨幣市場將充滿替代的甲骨文，所有這些都希望能抓住Chainlink的賺錢機會。

But there really isn't a groundswell of potential Chainlink usurpers. Chainlink's total market value stands at $9.2 billion today. According to CoinMarketCap, the second largest Oracle coin is Bittensor (CRYPTO: TAO) at $2.0 billion, followed by Pyth Network (CRYPTO: PYTH) at $528 million.

但是，實際上並沒有潛在的鍊鍊接篡奪者的基礎。 Chainlink的總市場價值今天為92億美元。根據CoinMarketCap的說法，第二大甲骨文硬幣是Bittensor（Crypto：Tao），價格為20億美元，其次是Pyth Network（Crypto：Pyth），價格為5.28億美元。

Those are the only three Oracles large enough to let me write about them. The rest are worth less than $200 million each and their transaction volumes are a tiny fraction of Chainlink's.

這些是只有足夠大的三個甲骨文，讓我寫下它們。其餘的價值少於2億美元，其交易量僅佔Chainlink的一小部分。

And these two potential rivals are not quite the same thing as Chainlink. The Pyth Network only offers cryptocurrency pricing and Bittensor is trying to build artificial intelligence (AI) systems and machine learning models on the blockchain. Its data feeds are designed to support these AI tools, and are not easily available to Ethereum or Solana apps.

而且這兩個潛在的競爭對手與鍊鍊接不同。 Pyth網絡僅提供加密貨幣定價，而Bittensor試圖在區塊鏈上構建人工智能（AI）系統和機器學習模型。它的數據提要旨在支持這些AI工具，並且不容易為以太坊或Solana應用程序使用。

Bottom line: This is a great time to nibble on Chainlink coins

底線：這是咬鍊鍊接硬幣的好時機

Chainlink is a unique provider of valuable services in the crypto world. DeFi apps and large-scale automated crypto traders may not represent a huge target market today, but that should change over the next few years. As such, Chainlink's data services could become very valuable over time. It's still early, and not at all too late for new rivals to enter the picture.

ChainLink是加密貨幣世界中有價值服務的獨特提供商。 Defi應用程序和大規模自動加密交易員可能並不代表當今巨大的目標市場，但這應該在未來幾年內發生變化。因此，隨著時間的流逝，ChainLink的數據服務可能會變得非常有價值。現在還很早，對於新競爭對手來說還為時已晚。

However, Chainlink has a huge first-mover advantage here and I can't wait to see how my little investment shapes up over the years. This little subsector leader looks like a great buy in this price dip.

但是，ChainLink在這裡具有巨大的第一步優勢，我迫不及待地想看看我多年來我的小投資如何增長。這個小的子部門領導者在這個價格下跌中看起來像是一個很好的買入。