Bitwise Report: Chainlink (LINK) is a Top Undervalued Crypto Infrastructure Investment

Asset management firm Bitwise has identified Chainlink (LINK) as one of the most undervalued infrastructure plays in the cryptocurrency market. In their latest analysis, Bitwise highlights Chainlink's critical role in connecting smart contracts with real-world data through its decentralized oracle network. This infrastructure is fundamental for the functioning of decentralized finance (DeFi), non-fungible tokens (NFTs), and other blockchain-based applications. The report suggests that as the adoption of smart contracts grows, the demand for reliable oracle services like those provided by Chainlink will increase significantly, potentially driving the value of the LINK token. Bitwise's assessment positions Chainlink not just as a cryptocurrency, but as a vital piece of Web3 infrastructure that is currently trading below its perceived long-term value.