Bear and Bullcase for Chainlinks first Altseason
Bearcase calculated by the ROI of Chainlinks own runs in the middle of the bearmarket. Chainlink is an absolute beast here and opens up a new category of an altcoin. One that does not go down over the full bearmarket OR simply oscillates to and from it's highs and lows each cycle. Even the bearmarket runs Chainlink had, brought between 309% to 717% from the point of breakout. This is the absolute minimum I expect Chainlink to reach within Q1.
Bull case being the average ROI of top 50 altcoins from early 2017 and late 2017 altseasons. Being around +1,000% ROI. Targeting $226 per LINK. This is the minimum I expect for Chainlink as bullcase. Current altseason is just about to start. Watch the BTC pairs of popular altcoins that have been around since 2017.
We are still on track for the $1,000 LINK target in late 2021 to early 2022
Bearcase Minimum Target: $83-$164
Bullcase Minimum Target: $226+
Timeline: end of Q1 to early Q2
Bull case being the average ROI of top 50 altcoins from early 2017 and late 2017 altseasons. Being around +1,000% ROI. Targeting $226 per LINK. This is the minimum I expect for Chainlink as bullcase. Current altseason is just about to start. Watch the BTC pairs of popular altcoins that have been around since 2017.
We are still on track for the $1,000 LINK target in late 2021 to early 2022
Bearcase Minimum Target: $83-$164
Bullcase Minimum Target: $226+
Timeline: end of Q1 to early Q2