A renowned analyst has stated that the 40% non-circulating supply of Chainlink (LINK) and its relative valuation pose a huge hindrance to its potential price surge.
The analyst also outlined the incredible institutional adoption of Chainlink and its consistent expansion as major bullish catalysts.
According to Pahor, Chainlink is on course to become the Google of Crypto due to their shared similarities.
Bearish catalysts include the 40% non-circulating total supply of Chainlink, competition from other protocols, and its open-source nature exposing it to vulnerabilities.