Chainlink and Bittensor Surge as Arbitrum Rides Robinhood's Coattails

Despite their deep drawdowns, three cryptocurrencies are worth buying now, according to recent analysis. Chainlink (LINK) and Bittensor (TAO) have good odds of making a comeback in the coming market cycle.

Chainlink is a data oracle that provides valuable information to smart contracts and crypto-trading algorithms. Its data feeds touch $38.2 billion in value, up from $11.4 billion in 2023, giving it a 61% share of the oracle market by touched value.

The company's steady fee revenue is not reflected in its declining coin price, which has dropped by 52% over the last 12 months. However, Chainlink's data-provision business model isn't going stale anytime soon, making it a worthwhile investment opportunity.

Bittensor is a blockchain that operates as a marketplace for AI training services and computational work. Its subnets compete to earn its native token, TAO, and are hitting significant technical milestones.

The next planned milestone is the decentralized training of a 110-billion-parameter large language model (LLM), which will prove Bittensor's ability to offer an alternative to traditional AI training processes.

Arbitrum has recently found new avenues for growth through its partnership with Robinhood Markets. The Robinhood Chain licenses some of Arbitrum's technology, entitling it to fees, and returns 10% of its net revenue to Arbitrum.

This income stream is a significant boost to Arbitrum's market cap, which stands at $1.4 billion. However, investors should exercise caution when considering this investment opportunity due to its high risk tolerance requirements.