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LINK is still massively undervalued and the Pitchfork shows this out. The mid-line alone still has LINK in the $100 range by March.
If you don't think this is possible in LINK then I suggest you take a look at UNI's chart when it moved from $3 to $20 in the span of a couple weeks. Considering the spate of recent news out in LINK from:
1) NASDAQ ETF - https://www.theblockcrypto.com/post/94261/bermuda-crypto-etf-nasdaq-index-ambitions
2) China's BSN network integrating LINK on Mainnet - https://medium.com/irisnet-blog/irita-hub-completes-the-mainnet-integration-of-chainlink-oracles-on-bsn-c66f4aa36abc
3) Kraken launching a full LINK node for DeFi price feeds - https://www.theblockcrypto.com/linked/93235/kraken-own-chainlink-node-price-data-defi
4) Oracle Corp Executive confirming to me on twitter that they are still collaborating with LINK team on the project "Every Startup in the Blockchain with ChainLink and Oracle Cloud"
https://twitter.com/fribeiro1/status/1359251553564168194
The TA and the Fundamentals are strongly aligning for a massive move in LINK coming in the next 2-4 weeks. Stay tuned!
If you don't think this is possible in LINK then I suggest you take a look at UNI's chart when it moved from $3 to $20 in the span of a couple weeks. Considering the spate of recent news out in LINK from:
1) NASDAQ ETF - https://www.theblockcrypto.com/post/94261/bermuda-crypto-etf-nasdaq-index-ambitions
2) China's BSN network integrating LINK on Mainnet - https://medium.com/irisnet-blog/irita-hub-completes-the-mainnet-integration-of-chainlink-oracles-on-bsn-c66f4aa36abc
3) Kraken launching a full LINK node for DeFi price feeds - https://www.theblockcrypto.com/linked/93235/kraken-own-chainlink-node-price-data-defi
4) Oracle Corp Executive confirming to me on twitter that they are still collaborating with LINK team on the project "Every Startup in the Blockchain with ChainLink and Oracle Cloud"
https://twitter.com/fribeiro1/status/1359251553564168194
The TA and the Fundamentals are strongly aligning for a massive move in LINK coming in the next 2-4 weeks. Stay tuned!
Comments
@lillychiu, thanks Lilly :) very good to see kind words from others! LINK will surprise a lot of people considering the news that goes on underneath kind of never reaches the mainstream but eventually it will explode in price b/c when you bottle up fundamental events like this, it tends to come to a breaking point where price just has to explode in order to match the bullishness of events that have transpired.... then we will get a lot of people selling off their zombie coins to join in on LINK. LINK will be unstoppable once it surpasses $100
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@lillychiu, It's true that LINK is struggling so much to go up as the market makers don't want it to make it that easy for us as a lot of mind games is being played. but as @ich1baN say's once everything bottles up LINK is going to explode and will be unstoppable once surpasses $100
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Thanks for the updates. These projections hold, of course, unless the bull run comes to an end before then. What are your thoughts on the Mayer Multiple (https://mayermultiple.info/)?
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@ontherunsince1905, from my researched opinion we are no where near the end of the bull run - we still have 10 months at a minimum. We are at or near the same stage where the 2017 bull run was when it was February 2017. Still TONS of upside.
Mayer multiple is okay to look at but it's just one indicator - there are several others that I like to look at like PlanB's Stock to Flow and Spent Output Age Bands (SOAB) which indicate we are no where near a top:
https://twitter.com/glassnode/status/1187385012452245506?lang=en
Also recall, that typically these "fair value" measurement tools typically will see price run up way over target.
Mayer multiple is okay to look at but it's just one indicator - there are several others that I like to look at like PlanB's Stock to Flow and Spent Output Age Bands (SOAB) which indicate we are no where near a top:
https://twitter.com/glassnode/status/1187385012452245506?lang=en
Also recall, that typically these "fair value" measurement tools typically will see price run up way over target.
Reply
“We were really jumping into something new, providing public blockchain infrastructure and having a token-natured business model on top of that,” he said. “So, of course, we started really small, with few data feeds. But then scaled rapidly, and by now, I think we are among the top three data providers at the moment on the Chainlink network.”
Chainlink’s system of data feeds, known as oracles, pipe information into the blockchain world of smart contracts, eliminating reliance on any single, centralized source.
“We are providing 51 data feeds right now,” said Gleb Dudka, an analyst at T-Systems. “We don’t handpick applications we provide data to, but examples would be Synthetix, a few decentralized exchanges, Nexus Mutual for insurance. The data is mostly digital asset prices, FX rates, and commodity prices like gold, silver, etc., and these mostly go to Synthetix.”
It’s only a matter of time until other big enterprise firms follow Deutsche Telekom’s example and run Chainlink nodes, said the network’s co-founder, Sergey Nazarov.
“Chainlink enables top infrastructure teams like T-Systems to monetize their globally distributed infrastructure and security expertise across the many chains already being served by Chainlink oracles,” Nazarov told CoinDesk via email.
“We are not doing Ethereum 2.0 staking yet,” said Dudka. The ETH (+4.53%) T-Systems buys is needed for Chainlink, he said, and has to be spent in order to sign transactions on the Ethereum public mainnet.
“There are quite a few networks in the pipeline that we plan to go live on,” Dittrich added. “Obviously, the bigger proof-of-stake networks are in there, be that Tezos, Polkadot, Ethereum 2.0, you name it.”
https://www.coindesk.com/chainlink-deuts...