>>60508882 (OP)I've come to three concrete reasons why Chainlink is having trouble right now:
1. Bitcoin dominance: Bitcoin is dominating all of crypto right now. As it rises to take over percent marketcap of crypto, altcoins like Chainlink suffer. Bitcoin is trendings towards becoming a monopoly on crypto. Look at this chart. The rest of the market is left with scraps.
2. Supply dumpling: Chainlink Labs is constantly dumping supply of Chainlink, inflating total supply. This is bad, even if planned. Just like when the Federal Reserve pumps dollars into the US causing inflation, Chainlink Labs pumping Chainlink into supply causes each Chainlink to be worth a little less.
3. Lack of TradFi Production: It has become abundantly clear, through 8 years of Chainlink's history, that Chainlink's price tokenomics only hold if adopted by TradFi, which hasn't happened yet. TradFi is the worst industry to wait for change, because banking is one of the slowest industries in America. US banks still use fax machines, which were invented in 1964. It's clear they won't do a damn thing without regulatory clarity. There are two US bills right now, the GENIUS Act and the CLARITY Act. Guess what percent of US bills become law? 6%.
Chainlink will eventually become something I think. But not for the next 4 years, minimum. And I'm not going to wait that long to become financially stable.