Topic: chainlink price prediction - page 2. (Read 276 times)

I think ChainLink and NeonLink and projects like them are looking super promising now
i'm impressed with their teams and I'm super excited to see what's next and what will be in the future

Link was big back in 2020-21 but basically for the last year it went nowhere. Pull up a monthly chart and you can see it traded in a tight range and slowly went downwards. I think unless there is more development it will just keep creeping down.

Alts are not like stocks. There are some stocks which can be dogs but if the company exists and makes money then it’ll have a certain value. Alts like link unless they bring something new to the table they will be forgotten and go nowhere.

You can follow the below rules.

Rule 1: Don't try to predict the value of the crypto. Because we can not do that 100% correctly. We can do competitor analysis for the chainlink.
Rule 2: You have to check if it is a token or coin.

I think that you should take into account the future state of the price and not the current situation, because 90% of the gain is in buying at the right time and not selling, when you buy and the price is low by 20%, if the price returns to its normal levels, you will achieve a gain and you do not need to reach ATH.

So think about the future situation of chainlink. Have they taken good steps in development over the past years, and how is the expectation of future demand compared to similar currency pairs and in what number of platforms has it been included, as the currency is of continuous development, which has been included in many platforms and has programming It gains scalability with all variables. It is a suitable currency for investment. It remains for you to determine when to buy to achieve an appropriate profit.

I also have to remember that you should not be greedy when you buy altcoins.

history shows that only a few stars of the previous bull run shine during the next one. out of the hundreds of popular altcoins in 2017, only a few gave better returns than bitcoin in 2020-2022. The rest are slowly dying (NEO, NEM, EOS, LISK, DASH, ZIL) taking lower and lower places in the top 100 CMC. In my opinion, the same awaits chainlink, because it failed to build a user base, adequate traffic or a convincing vision of further development that would justify a valuation of $ 3 billion. There's also the fear of the SEC that would limit potential profits.
All in all, I wouldn't invest a cent in a link. Even if a short-term recovery is possible, in the long-term bitcoin will give better returns while being a safer investment (better risk/reward ratio).

Sure, forecasting future prices of cryptos like Chainlink is no picnic. But this doesnt erase the indomitable strength of blockchain and the radical potential of cryptocurrencies. Despite their volatility and complexity, they're profoundly inventive. In this realm of ambiguity, tech-centric cryptos like Chainlink display exceptional fortitude and growth potential. Its oracle network is redefining smart contracts with secure, real-time data feeds. While respecting analysts' insights, I contend that mainstream finance often undervalues crypto tech. We recall similar scepticism towards Bitcoin, and its current status is a rebuttal. Use it wisely, and the volatile of crypto will not seem so daunting

This is right!
But think this topic would had been properly welcomed at the altcoin discussion section, if you don't mind I would love you to move it to that section were it will gain the required attention.
The new Comer's who doesn't know their way into the industry may likely fall prey, whatever that concerns investment is what we should be taking adequate care of because the risk factors is what you may not thoroughly figure out, there are people who had lost their investment due to a higher speculation whereby force hope were given to them on the performance of those currencies but never played smart or to outsmart the information by making use of the right time to have sold out.

Yet we know the industry are luck based place were lot of opportunities are there for people but we hardly forgotten that those luck and chances were also an error and fault of others failure. To make my statement clear about this is that, you get chances by enriching yourself with others failures. That's to say when others fails to utilize the opportunity those who utilizes it at the right time are always making fortune from those who came investing late because those who invested earlier may decide to take profit leaving empty project for newly investors. At this point you see people lamenting on their various media for their lost because they aren't careful knowing too well that market is highly speculative.

 However, it's important to note that predicting the future price of cryptocurrencies like Chainlink (https://www.mexc.com/price/LINK
) is highly speculative and challenging. Cryptocurrency markets are known for their volatility, influenced by various factors including market demand, technological developments, regulatory changes, and overall market sentiment.

Numerous factors can impact the price of Chainlink, making accurate predictions difficult. While some analysts and experts may provide forecasts based on technical analysis, market trends, or fundamental factors, these predictions should be treated as speculative opinions rather than guaranteed outcomes.

If you're considering investing in Chainlink or any other cryptocurrency, it's essential to conduct thorough research, stay informed about industry news, and consult with financial experts who can provide personalized guidance based on your individual circumstances and risk tolerance.