Is RedStone Crypto a Genuine Rival to Chainlink? RED Price is Underpriced
Blockchain oracles link real-world information to decentralized systems, and RedStone Crypto (RED) is poised to contest the dominance of Chainlink (LINK).
By 2025, Chainlink, Pyth, and RedStone Crypto will be pivotal in the oracle sector, each presenting its own advantages. Let’s explore their differences.
Common Features Among Chainlink, Pyth, and RedStone Crypto
Chainlink,
,
and
may tackle the situation in varied manners, yet they all promise one key feature: accurate and reliable price feeds for major assets on leading blockchains.
may lead the oracle trading market, yet RedStone is making waves. By catering to the need for rapid and accurate DeFi data, this newcomer has captured more attention than its well-established competitor.
Past: Foundation and Early Development
— CryptoJournaal (@CryptoJournaal) March 25, 2025
To distinguish these, consider the following points for RedStone:
- Is it a genuine rival to Chainlink? Not yet, as they still have a long way to go. LINK remains the largest crypto asset by market cap in the oracle currency category.
- Will it surge more than Chainlink in the near term? Probably yes. They already have. In this crypto market, hype and speculation are vital, and RED is on the rise.
This sector is also keenly attempting to provide Chainlink with a setback in its own domain. This is why Pyth Platform and Wormhole, two other Oracle contenders, have performed better than Chainlink this month.
RedStone Price Movement
Redstone’s rise is gaining traction. A golden cross has just developed as the 20-day SMA ($0.6880) has surpassed the 200-day SMA ($0.6177), enhancing its bullish trajectory.
The RSI is approaching overbought levels at 64, while volume surges confirm price floor for the surge. If the price surpasses $0.70 with noteworthy momentum, the next targets may be $0.74-$0.75. Support remains firm at $0.66.
What Distinguishes RedStone Crypto from Others
While the commonalities make a solid foundation of utility, the distinctions among these three entities underline their unique capabilities. Here’s a closer examination of what differentiates each oracle:
- Chainlink: Chainlink, the experienced player, emphasizes reliability and provides aggregators in its Push model, assisting giants like Venus and Aave.
- Pyth Network: Pyth operates swiftly, utilizing the Pull model, focusing on perpetual markets and locking tokens in partnership with Wormhole.
- RedStone Crypto: RedStone innovatively merges both models for unmatched versatility, providing low-latency, gas-efficient feeds for advanced applications like Proof of Reserves.
DeFi relies on oracles, each with unique strengths. Chainlink safeguards its legacy through proven reliability; Pyth prioritizes speed; and RedStone challenges boundaries with flexibility and cross-chain accuracy. All three have a substantial opportunity for success if a bull crypto market materializes.
EXPLORE: 20+ Next Crypto to Explode in 2025
Join The 99Bitcoins Update Discord Here For The Latest Trading market Updates
Key Takeaways
- Distributed record oracles indicate RedStone Crypto (RED) is rising to contest the Chainlink (LINK) dominance.
- Conversely, Pyth operates quickly with assistance from Wormhole.
- $LINK continues to be the largest crypto asset by crypto market cap in the oracle token trading market.
The post Is RedStone Crypto a Legit Competitor to Chainlink? RED Price is Undervalued appeared first on 99Bitcoins.
