Chainlink (LINK) and Bittensor (TAO): The Fall of Giants
The report highlights a concerning decline in Chainlink's currency. Although it was the gold standard for "Oracle" services, reports indicate a "Diminished Relevance." The Cross-Chain Interoperability Protocol (CCIP), which had high hopes pinned on it, has failed to achieve the expected dominance, and companies and developers have begun to turn to faster or cheaper alternative solutions. Analysts warn of the possibility of breaking below the $10 barrier.
Similarly, Bittensor (TAO), once a star of artificial intelligence, is experiencing a decline in demand. The anticipated "Halving" event in early December failed to create a buying wave, and instead, short positions have dominated the market, betting that the current price is inflated compared to the actual usage of the network.
