Deutsche Bank Study Finds Crypto Investors Prefer to Hold - do HUH Token (HUH) and Chainlink (LINK) Cater Best for That?
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Even if crypto prices plummeted by 80%, less than half of the 3,250 persons surveyed would sell some or all of their holdings, according to the Deutsche Bank’s latest report, The Future of Cryptocurrencies. The ‘HODL’ concept, which stands for ‘hold on for dear life’, has been useful in recent months, with most cryptos down 30% or more since November. Many investors are new to the market, with 65% of those polled having done so in the last year, and the majority of those who have done so have invested less than USD 10,000. In light of the majority preference, should HUH Token (HUH) and Chainlink (LINK), which both incentivize long-term holding, be among investors’ top choices?
Chainlink (LINK) is a crypto and technology platform that allows non-blockchain businesses to connect to blockchain platforms securely. Chainlink (LINK) is an intermediary that connects blockchain-based smart contracts to external data like baseball scores or market prices. Chainlink's LINK currency is used to pay network operators and to secure smart contract agreements on the network.
Chainlink (LINK) is a different project to invest in as instead of competing directly against other cryptos, Chainlink (LINK) enables them to communicate with the outside world more easily. Meaning while Bitcoin (BTC) has numerous advantages, such as security and decentralisation, it’s disconnected from the rest of the world. In some ways, this is beneficial to security and the integrity of decentralisation.
However, this implies that blockchain technologies are unable to access critical off-chain data that may significantly improve their efficiency. As a result,
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