Is Chainlink (LINK) a good investment? - page 2.

Chato1977

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Quote from: ubercool on June 22, 2021, 01:28:02 PM

LINK is a great investment of you're a long term holder and trader but in my honest opinion, the issue with link is that no exchange will give any staking profit for link. Either you have to put them on a liquidity pool or lend them somewhere which have their own disadvantages.

Well maybe in the near future there will be right? almost every platform has staking features so what more that LINK is one of the fastest rising now?
and besides Link is just a starter maybe there are lot things they are progressing up to now.

Quote from: Samurai trieng on June 22, 2021, 12:29:40 PM

I think chainlink is a very good investment for the long term, because this altcoin has very good prospects, its movement is increasing day by day, and this is an opportunity to buy chainlink because the price is going down due to the chaotic market situation,

is this the movement that increasing daily? https://coinmarketcap.com/currencies/chainlink/

LUCKMCFLY

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LINK like almosthttps://ambcrypto.com/bitcoin-litecoin-chainlink-price-analysis-22-june/ all highs have a bearish trend, but it is very normal due to the fall of BTC, for now what is shown in most analyzes for LINK is that it continues to fall, however in this analysis they show the following :

Quote

LINK had stayed above the $19.2-support level ever since it saw a dip in prices in the month of May owing to the crypto-crash. At the time of writing, LINK found support at $17.04.

The Bollinger Bands remained divergent at press time, a finding that pointed to increased price volatility. As the alt’s price fell on 21 June, the Parabolic SAR highlighted the beginning of a downtrend and it continued to show the same at the time of writing.

Source: https://ambcrypto.com/bitcoin-litecoin-chainlink-price-analysis-22-june/

The best thing in this type of event is not to lose your calm, try to relax and wait, with despair and selling we will not achieve anything but lose, for now it is better to wait.

ubercool

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LINK is a great investment of you're a long term holder and trader but in my honest opinion, the issue with link is that no exchange will give any staking profit for link. Either you have to put them on a liquidity pool or lend them somewhere which have their own disadvantages.

Samurai trieng

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I think chainlink is a very good investment for the long term, because this altcoin has very good prospects, its movement is increasing day by day, and this is an opportunity to buy chainlink because the price is going down due to the chaotic market situation,

Sir Legend

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Quote from: SJJoh on January 12, 2019, 03:37:51 PM

On the bright side, LINK is trading in green in a very shaky market. Looking at its performance, Chainlink is one of the highest trading cryptos today and it is still improving in the market. Still, I'm not convinced if that is the project I should invest in. I'm following all their updates and so on, but I would really appreciate your opinion on that.

their slogan is Chainlink provides the largest collection of decentralized services powering the world’s hybrid smart contracts.
I think Chainlink is a good altcoin because the team's performance continues to be active and the price is proven to continue to rise, I once invested about $150 when it was $2, and I sold everything a year ago for $8 or up 4x in a year

judaspriest

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C O M B O

Quote from: speedforce on June 19, 2021, 08:57:19 AM

Quote from: jasonjm on June 15, 2021, 02:43:56 PM

Quote from: SJJoh on January 12, 2019, 03:37:51 PM

On the bright side, LINK is trading in green in a very shaky market. Looking at its performance, Chainlink is one of the highest trading cryptos today and it is still improving in the market. Still, I'm not convinced if that is the project I should invest in. I'm following all their updates and so on, but I would really appreciate your opinion on that.

Chainlink is a very good option to consider for short term as well as long term investment. The coin has huge potential. And the price will hit 150 to 200$ in 2021 or in early 2022.

Agree the coin have a huge potential, but the price estimation based on uptrend i dont think its relevant anymore, we are on a bit downtrend, so its hard to predict price on such this situation.
So, can you share how you estimate that kind of price?

Yes, with market conditions that are going down, of course almost all coins have decreased,
and what you say is true it is not easy to predict prices at this time and besides that we need to be patient too,
I really hope the market is in an uptrend again but it's better to be realistic

speedforce

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Quote from: jasonjm on June 15, 2021, 02:43:56 PM

Quote from: SJJoh on January 12, 2019, 03:37:51 PM

On the bright side, LINK is trading in green in a very shaky market. Looking at its performance, Chainlink is one of the highest trading cryptos today and it is still improving in the market. Still, I'm not convinced if that is the project I should invest in. I'm following all their updates and so on, but I would really appreciate your opinion on that.

Chainlink is a very good option to consider for short term as well as long term investment. The coin has huge potential. And the price will hit 150 to 200$ in 2021 or in early 2022.

Agree the coin have a huge potential, but the price estimation based on uptrend i dont think its relevant anymore, we are on a bit downtrend, so its hard to predict price on such this situation.
So, can you share how you estimate that kind of price?

mich

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Crypto analyst Benjamin Cowen believes LINK will be on the rise in the near future.

https://dailyhodl.com/2021/06/17/heres-how-high-chainlink-will-rise-this-cycle-according-to-crypto-analyst-benjamin-cowen/

LUCKMCFLY

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Quote from: giammangiato on June 09, 2021, 03:43:42 AM

Quote from: LUCKMCFLY on June 09, 2021, 03:05:26 AM

For now it is very normal that LINK can take a bearish jump, but it is from the point of view that everything depends on BTC, however technical analyzes are always pointing to a downward movement according to this analysis:

SNIP

all coins are addicted to bitcoin, even ethereum which is shilling as an ecological coin (see JP Morgan)
but compared to other coins (such as shiba) LINK has a really interesting use and has only one competitor

You are right, now LINK has a competition but not at the level of the others, I think it is because of the type of project, investors are seeing LINK as one of the currencies that is most likely to be successful in the future, sometimes for me. It represents difficult to analyze a currency that is relatively young, it is not the same to analyze BTC, ETH, MONERO, than the new ones, but there is an important factor, which is what investors think, they see other characteristics due to their financial analysts and they know which currencies can explode, and LINK is one of them, when we see on the chart we can see:

Tradingview.com

The possibilities that exist for LINK now at this moment I think it is unique, it can give a big pump if BTC reaches $ 50k which is very likely to happen.

sulendra12

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Quote from: jasonjm on June 15, 2021, 02:43:56 PM

Chainlink is a very good option to consider for short term as well as long term investment. The coin has huge potential. And the price will hit 150 to 200$ in 2021 or in early 2022.

What is the reason for your opinion? I'm interested to hear it from you.

Although, after 3 months I have been abandoned this coin because I have made lot of profit there. Still the price is quite bubble and not stable because the price is heavily affected by Bitcoin, coincidence? I think so.
There were several cases where BTC going up/down and then LINK were following it, if you want to make the investment on LINK then just make sure to also check Bitcoin as well.

jasonjm

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Quote from: SJJoh on January 12, 2019, 03:37:51 PM

On the bright side, LINK is trading in green in a very shaky market. Looking at its performance, Chainlink is one of the highest trading cryptos today and it is still improving in the market. Still, I'm not convinced if that is the project I should invest in. I'm following all their updates and so on, but I would really appreciate your opinion on that.

Chainlink is a very good option to consider for short term as well as long term investment. The coin has huge potential. And the price will hit 150 to 200$ in 2021 or in early 2022.

LUCKMCFLY

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This reading has caught my attention, because LINK has enormous potential, now if we take into account that the price of BTC can skyrocket to about $ 50k, is it likely that LINK will reach 40USD? Or due to the impending Breakout:

Quote

ChainLink (LINK) has been increasing since bouncing above the $19 support area on May 23. However, it has yet to reclaim any important resistance levels.

It is trading inside a short-term descending parallel channel, from which a breakout is expected.

Source: https://beincrypto.com/links-impending-breakout-could-take-it-to-40/

I think that LINK now represents an opportunity, if BTC explodes in a bullish trend, LINK can give a higher price.

mich

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LINK is up 8% this week and up 12% in the last 24 hours.

https://finance.yahoo.com/news/chainlink-why-important-world-cryptocurrency-180020182.html

ilovealtcoins

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Chainlink is an ORACLE blockchain that provides data to DAPPs. There are more and more DAPPs so Chainlink has a larger usage environment, so the value of this project has continuously broken ATH over time. I think in the future Chainlink will grow even more.

mich

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LINK has announced Keepers to help out with their smart contract functions.

https://blog.chain.link/chainlink-keepers-open-beta-is-live/

giammangiato

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Quote from: LUCKMCFLY on June 09, 2021, 03:05:26 AM

For now it is very normal that LINK can take a bearish jump, but it is from the point of view that everything depends on BTC, however technical analyzes are always pointing to a downward movement according to this analysis:

SNIP

all coins are addicted to bitcoin, even ethereum which is shilling as an ecological coin (see JP Morgan)
but compared to other coins (such as shiba) LINK has a really interesting use and has only one competitor

LUCKMCFLY

legendary

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Leading Crypto Sports Betting & Casino Platform

For now it is very normal that LINK can take a bearish jump, but it is from the point of view that everything depends on BTC, however technical analyzes are always pointing to a downward movement according to this analysis:

Quote

Chainklink’s ROI over the past 30 days vs USD went down by 53.86% as the asset traded at $24.09 at press time. MACD Lines for LINK depicted a bearish crossover which can further push its price down. Chaikin Money flow highlighted that capital outflows were high as the indicator fell further down from -0.07 to -0.13.

Parabolic SAR’s dotted lines above the candlesticks pointed towards a bearish momentum at press time. These bearish trends might point towards a further price dip which can push the asset’s price to its next support at the $16.9 level.

Source: https://ambcrypto.com/bitcoin-cash-chainlink-monero-price-analysis-08-june/

It should be noted that LINK is one of my favorite currencies, for now the movements of BTC should be expected, if investors and LINK bulls make more effort, I think that the price of LINK will not fall so much.

mich

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May was a good month for LINK integrating 55 new projects and now 567 Global projects.

https://en.ethereumworldnews.com/chainlink-link-integrated-by-55-projects-in-the-month-of-may/

mich

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Here is a Bullish article for LINK for new people who may want to invest in the coin.

https://finance.yahoo.com/news/chainlink-why-important-world-cryptocurrency-110020716.html

Coroline

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Here are some Sentiments on the Link:

-LINK is currently at a resistance point and must hold above the support area for another chance to break above the trendline resistance. Things will look really bad if we break the support and go below the previous low, making it even lower to confirm the downward trend further.

-Overall, LINK's onchain metrics are showing healthy signs after the reset. The capitulation has most likely occurred based on the exchange inflows and daily active deposits, which is ideal for forming a bottoming structure. That said, the price is at resistance at the moment and the next few weeks will finally reveal where we are going.

The sentiment above can be an indicator that the link is still in demand by investors, let's see in the next few weeks

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