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did you know that more than 80 percent of decentralized applications in the crypto space require an oracle this should not come as a surprise after all if you want to build valuable dapps with real-world use cases youre going to need valuable real world data data like asset prices weather and information about the outcomes of events like sports matches and elections oracles also play a critical role in d5 protocols which now hold billions of dollars of user funds this oracle dependence is why many argue that oracle cryptos are some of the most valuable on the crypto market the current leader in the oracle space is of course chain link however the link seems to have been losing its strength against bitcoin so what could be causing this lackluster price action does it mean chain links best days are behind it or is it a sign that link is preparing to soar to new all-time highs all that and more in todays deep dive on chain link [Music] before we head off to crypto land theres some re