This coin had all the hype and some of us made huge gains from it. It has a price currently of $12.83 and with key resistance at 13$ LINK is again close to breaking out.
In a analyst I read it says LINK will be 14$ by this time next month.
Obviously we are seeing what Chainlink, with its growth rate from the beginning of 2020 until now and this wouldn't the hype
, i think this will be the next time we still seeing LINK price rise following the market trend and i think the number won't stop yet and LINK will reach ATH soon in the near future.
Chainlink's all time high has been achieved in 2020, if it is achieved again this year, I admit that Altcoin is one of the most amazing coins,
and deserves to beat Ethereum's dominance in the market, the community seems very strong to hold Link, I appreciate it
this is one of most performed coins in this year, while another coins dumped chainlink able to survive and even hit highest price. it could compared to binance as best performance coins in top 100 and be must collected coins in our porfolio. next year , this coins will going crazy again when market totally bullish.
Are you sure Link will go crazy again? usually when it reaches an all time high,
the performance of a coin will decrease, and Link hasn't found the next strong support yet,
for me you should have to wait for the right buy position.
I think you're both right here, Link will probably not "go crazy" in the near future, as it's still correcting from it's ATH (50% so far), and could easily correct another 50% further if Bitcoin dominance continues to climb for the remainder of the year. I also do believe that next year, in a "full blown" bull market with Bitcoin breaking ATH, then Chainlink will likely be one of the best alternative investments to make, alongside Ethereum in my opinion. They are large cap altcoins, so risk is low compared to small cap altcoins. Averagining in from a 50% discount level isn't the worst idea, even if I wouldn't be going "all in" at these current prices either. (Price reference is to btc not fiat by the way).
If what everyone predicts also what do you say that bitcoin will increase sharply next year then it is certain that altcoins will also receive the increase. Besides ethereum, of course chainlink is something that should also be taken into account because chainlink can show its performance so far, which has continued to improve and does not disappoint.
for chainlink prices have never experienced a decline below the price when they first entered the market but the volume continues to increase even though sometimes it goes down but it is not too worrying.
Personally I'd never say that altcoins rising against Bitcoin is a certainty, only that we saw this back in 2017 once Bitcoin had broken ATHs. I think the reality is the cyrpto markets are still dominated by traders, especially the altcoin markets where you'll find less investors. Therefore for swing traders who prefer to buy dips than buying highs, as well as more speculative investors (seasoned I imagine) it's likely these individuals will be buying up coins like ETH and LINK simply because they are "cheap" in comparison to Bitcoin.
I also have the same sentiment generally, I prefer buying discounts than breakouts, at least as an investor. Therefore, the cheaper good alts get, the more likely I am to invest. For example ETH is now -35% from it's BTC highs, which makes me salivate seeing it reach it's 50 & 200 Week MAs for the first time since May. To me, this is a lot more attractive then accumulating more Bitcoin at a -20-25% discount from ATH.
