Maelstrom Fund, a prominent crypto investment fund, has thrown its weight behind Flare (FLR), a blockchain oracle digital asset, predicting a significant surge in its value. The fund believes Flare is undervalued and has the potential to rival Chainlink (LINK) as it gains traction.

Flare's unique positioning in the oracle space sets it apart from other providers like Pyth Network (PYTH). While Chainlink boasts a large number of project integrations, Flare has the potential to quickly catch up. The fund highlights that Flare's fully diluted valuation is currently only 23% of Chainlink's, despite having less than 10% of the project integrations.

If Flare reaches 50% of Chainlink's fully diluted valuation, the FLR token could increase by approximately 2.2x, and if it reaches 75%, FLR could soar by 3.3x. While Chainlink leads the market, its limitations in latency and applicability to high-throughput use cases create an opportunity for Flare to shine.

Flare's approach combines the features of an L1 (layer-1) with those of an oracle, making it a unique player in the space. As the crypto market continues to evolve, Flare's potential to build its own native ecosystem and its distinctive positioning make it an exciting asset to watch. However, as with all investments, due diligence is crucial before making any decisions.