In a world where people predict a $25,000 Ether and $300,000+ Bitcoin there exists a $985 Chainlink. This price per Link would give it a market cap of around 450 billion. I arrived at this number by creating a channel for link and plotting some major lines of support and resistance. I took a fractal from late April/early Mary of 2019 which looks very similar to where we are now and it puts Link at about $223 by the beginning of December. A continuation to the top of the channel would put Link at $985 by Christmas Day.
I am not holding my breath for a $985 Link this year but I think that taking into account diminishing returns a $200-300 Link top by end of year is completely reasonable.
Really the main idea I wanted share here is the similarity of where we are at in comparison to late April 2019.
I am not holding my breath for a $985 Link this year but I think that taking into account diminishing returns a $200-300 Link top by end of year is completely reasonable.
Really the main idea I wanted share here is the similarity of where we are at in comparison to late April 2019.