Chainlink, Bittensor, and Arbitrum: Undervalued Cryptocurrencies Worth Buying

Chainlink and Bittensor are two cryptocurrencies that have seen significant price drops, but their underlying businesses remain strong. Chainlink is a data oracle network that provides data feeds to smart contracts and crypto-trading algorithms. Its data feeds touch $38.2 billion in value, up 61% from the same month last year, and it's the preferred partner for some high-profile data providers.

In August, Chainlink brought in $4.8 million in data access fees, of which nearly all was spent buying back its own token on the open market. This discrepancy between steady fee revenue and declining coin price can't last forever, especially when holders get most of the upside.

Bittensor is a blockchain that offers AI training services and computational work through its subnets, each with a specific job competing to earn TAO. Its subnets have hit significant technical milestones, including the decentralized training of a 72-billion-parameter LLM in March.

Arbitrum has seen its price drop by 91% from its peak in 2024, but it's just received a boost from Robinhood's license to use some of Arbitrum's technology. The deal entitles Arbitrum to fees and returns 10% of net revenue to Arbitrum's coinholders, who govern the treasury by vote.