Why LINK is pumping so hardly? - page 2.

Findingnemo

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Quote from: jossiel on August 15, 2020, 06:57:53 PM

The rankings that it has also helped. Searching on coinmarketcap has categories for Defi and it's on the top of the rankings, no. 1. That's a factor for most investors to look at, whichever is at the top, that's where they'll invest.

https://coinmarketcap.com/defi/

This is the main reason why it is getting pumped so hard and it is also listed on reputed exchanges so people are not worried about the liquidity and legitimacy issues so they are pouring more money on this projects more than shit Defi projects which are created in a week and listed on uniswap and made huge profits as well by deceiving traders.

Raflesia

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Quote from: piebeyb on August 18, 2020, 10:28:29 PM

we all know not only Link, but even many other cryptocurrencies have also risen following the bullish move of bitcoin prices, I don't know too much about Link but I think the project looks pretty good too, but don't want to know what's interesting in it, which I know the crypto market is currently bullish and it doesn't seem like a pump

LINK is one of the best altcoins right now where the bullish increase continues to increase endlessly lucky for investors who have bought at the price of $ 13 this is a tremendous increase where LINK altcoins are able to reach now, it is not only LINK but the one that is hotly discussed is the LINK token with the top ranking able to continue to survive even though the others are in a down condition.

Divinespark

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Quote from: Em00n01 on August 15, 2020, 03:14:14 PM

Still i can remember when i saw LINK in April/June it was almost $4.2 . But recently i saw it's pumping hardly to $18+! What is reason behind this pump?

Because Defi is getting too hot right now, and LINK is the leading Defi project in this market. It has helped the price of LINK go up many times compared to early 2020, Btw if you invest in any Defi project in this market, you will also benefit from it.

Bezobraznike

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Quote from: Spaffin on August 19, 2020, 10:17:39 AM

There is reason to believe that Link has started to grow rapidly due to increased activity around DeFi projects. But it seems to me that everything that happens is connected with a certain state support for chainlink, as well as the fact that Chainlink will be used to provide BSN services with access to off-network data. This factor has sharply increased the investment attractiveness of the project.

Spaffin I agree with you, we had a huge hype around DeFi project and Link is one of the top DeFi projects. It's pumping
and it's good for all of us who hold Link for long-term. I am one of them, and I will continue to hold and accumulate Link.
Link is one of the promising projects, and I believe it will have a great future. This recent interest shows that, and I
am sure we will see a lot more from Link in the future.

Spaffin

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There is reason to believe that Link has started to grow rapidly due to increased activity around DeFi projects. But it seems to me that everything that happens is connected with a certain state support for chainlink, as well as the fact that Chainlink will be used to provide BSN services with access to off-network data. This factor has sharply increased the investment attractiveness of the project.

Btc_1856

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Quote from: piebeyb on August 18, 2020, 10:28:29 PM

we all know not only Link, but even many other cryptocurrencies have also risen following the bullish move of bitcoin prices, I don't know too much about Link but I think the project looks pretty good too, but don't want to know what's interesting in it, which I know the crypto market is currently bullish and it doesn't seem like a pump

You are right, people are already investing huge amount of money into LINK because the Defi model makes many people start investing huge amounts in potentially development coins, even recently LINK making lot of partnerships with other companies and this makes this company is getting huge traffic in sorts of trading.

piebeyb

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we all know not only Link, but even many other cryptocurrencies have also risen following the bullish move of bitcoin prices, I don't know too much about Link but I think the project looks pretty good too, but don't want to know what's interesting in it, which I know the crypto market is currently bullish and it doesn't seem like a pump

tetrisdancyo

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I remember there was an active conversation about LINK on this forum a few months ago. However, given the market capitalization, I'm not sure what the future growth rate will be.

AbuBhakar

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Quote from: giammangiato on August 17, 2020, 08:08:41 AM

Quote from: Em00n01 on August 15, 2020, 03:14:14 PM

Still i can remember when i saw LINK in April/June it was almost $4.2 . But recently i saw it's pumping hardly to $18+! What is reason behind this pump?

I think at at the moment it's only FOMO, but the project is very good. Fror the end of the year it can go to 25$ without problems. Everything depends also to what bitcoin will do. If it dump probably also LINK price will go down

They'd been partnering in top and trusted companies non stop since June and even before (List of their partnerships https://itsblockchain.com/chainlink-partnerships/ ) Even there is no DeFi hype yet Link is doing pretty well and been talked in the forum even before, I remember there was time markets were all almost bloody and Link is only in green some topic before https://bitcointalksearch.org/topic/is-chainlink-link-a-good-investment-5096459
No doubt they are the top 1 in DeFi projects now that DeFi is in hype.

Distinctin

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Quote from: Em00n01 on August 15, 2020, 03:14:14 PM

Still i can remember when i saw LINK in April/June it was almost $4.2 . But recently i saw it's pumping hardly to $18+! What is reason behind this pump?

Isn't to wonder why it goes like that because we have noticed that many altcoins do the pumps. May we think about being hyped by whales or any reason but even it is not, we should be careful in following this. Though we heard a lot of partnerships come but can't still be confident enough, it might be a trap or whatever it is. It much better to figure it out for a while and not being attracted to invest because it shows such impressive growth.

goaldigger

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Quote from: Em00n01 on August 15, 2020, 03:14:14 PM

Still i can remember when i saw LINK in April/June it was almost $4.2 . But recently i saw it's pumping hardly to $18+! What is reason behind this pump?

They made partners with some good company, they grow a lot since the ICO and now they are enjoying the fruit of their labor, not just the hype on DeFi but something is really good on this Token despite of the hate. The risk is still there, so don’t just buy because of the pump look also to the price movement because this can be a trap on top or a buying opportunity because of the future prices.

hulla

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Quote from: dishku on August 18, 2020, 05:56:45 AM

Quote from: hulla on August 18, 2020, 03:05:57 AM

Quote from: nelson4lov on August 18, 2020, 01:53:03 AM

Quote from: Shasha80 on August 18, 2020, 12:51:34 AM

~
To be sure, investing in LINK is very profitable, but still do the analysis
before deciding investing in LINK, so as not to buy at the top price.

I'm not sure anyone should considering buying LINK at this point. The price is over-bought at the moment especially on the daily time frame and will likely drop more, possibly to $13 - $15 price levels. But if you're comfortable catching knives, you can open a trade and hope for the price to go up. As far as Bitcoin's recent run continues, it will continue to trend downwards.The goal of trading assets like this is to enter around the same time that the smart money goes in.

I support what you said because alot of weak hands have joined the coin pushcart when it going bullish and the best decision is wait for it current price correction to totally locked in.
Speaking of catching knives, only a higher buyer(whales) can do that while he dump once he feel satisfy with his profit but I'm still surprised with the speed the coin used to dethroned BCH, BSC despite the cheat strategy of the 2 coins owner.

That is market trend one project always start moving like this and majority of the people entered at the peak price. Last BNB was on fire and everyone was crazy to buy this token like they are rushing towards link. There is no one way traffic so we will see big correction very soon there is big chance of retracement after the next move so that I also agreed with you.

You make a reasonable fact cause thats what the most tradition done by newbies and inexperienced traders but I believe the reason why BNB make the unexpected surge in price was because of the free token share of a token that worth $16,000,000 among all BNB holders which was also a hype and coin started to dump once some people somehow feel comfortable.

rendravolt

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Quote from: ?? on ??

Quote from: Em00n01 on August 15, 2020, 03:14:14 PM

Still i can remember when i saw LINK in April/June it was almost $4.2 . But recently i saw it's pumping hardly to $18+! What is reason behind this pump?

I think that is because many whales use their time to pump the price. If the price does not drop back to the lower price, that is because many people buy and sell the token. But we don't know what the reason for that pump is. If you can follow the pump at that time, then you are making some profit from LINK, but we can not expect that the pump will come again in a short time. I think the project is good, so that makes people excited to buy and sell LINK.

I was very fortunate to come on time to the pump and I managed to sell LINK at the highest price. Maybe now it's starting to fall again so that is my chance to double the LINK by buying it again. I'll hold on to it for a long time until the new ATH arrives.

dishku

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Quote from: hulla on August 18, 2020, 03:05:57 AM

Quote from: nelson4lov on August 18, 2020, 01:53:03 AM

Quote from: Shasha80 on August 18, 2020, 12:51:34 AM

~
To be sure, investing in LINK is very profitable, but still do the analysis
before deciding investing in LINK, so as not to buy at the top price.

I'm not sure anyone should considering buying LINK at this point. The price is over-bought at the moment especially on the daily time frame and will likely drop more, possibly to $13 - $15 price levels. But if you're comfortable catching knives, you can open a trade and hope for the price to go up. As far as Bitcoin's recent run continues, it will continue to trend downwards.The goal of trading assets like this is to enter around the same time that the smart money goes in.

I support what you said because alot of weak hands have joined the coin pushcart when it going bullish and the best decision is wait for it current price correction to totally locked in.
Speaking of catching knives, only a higher buyer(whales) can do that while he dump once he feel satisfy with his profit but I'm still surprised with the speed the coin used to dethroned BCH, BSC despite the cheat strategy of the 2 coins owner.

That is market trend one project always start moving like this and majority of the people entered at the peak price. Last BNB was on fire and everyone was crazy to buy this token like they are rushing towards link. There is no one way traffic so we will see big correction very soon there is big chance of retracement after the next move so that I also agreed with you.

hulla

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Quote from: nelson4lov on August 18, 2020, 01:53:03 AM

Quote from: Shasha80 on August 18, 2020, 12:51:34 AM

~
To be sure, investing in LINK is very profitable, but still do the analysis
before deciding investing in LINK, so as not to buy at the top price.

I'm not sure anyone should considering buying LINK at this point. The price is over-bought at the moment especially on the daily time frame and will likely drop more, possibly to $13 - $15 price levels. But if you're comfortable catching knives, you can open a trade and hope for the price to go up. As far as Bitcoin's recent run continues, it will continue to trend downwards.The goal of trading assets like this is to enter around the same time that the smart money goes in.

I support what you said because alot of weak hands have joined the coin pushcart when it going bullish and the best decision is wait for it current price correction to totally locked in.
Speaking of catching knives, only a higher buyer(whales) can do that while he dump once he feel satisfy with his profit but I'm still surprised with the speed the coin used to dethroned BCH, BSC despite the cheat strategy of the 2 coins owner.

nelson4lov

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Quote from: Shasha80 on August 18, 2020, 12:51:34 AM

~
To be sure, investing in LINK is very profitable, but still do the analysis
before deciding investing in LINK, so as not to buy at the top price.

I'm not sure anyone should be considering buying LINK at this point. The price is over-bought at the moment especially on the daily time frame and will likely drop more, possibly to $13 - $15 price levels. But if you're comfortable catching knives, you can open a trade and hope for the price to go up. As far as Bitcoin's recent run continues, it will continue to trend downwards.The goal of trading assets like this is to enter around the same time that the smart money goes in.

Shasha80

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What happened to LINK with high pumping also happened to several DeFi projects. As we know DeFi projects are in hype right now,
and LINK including the leading DeFi project. Another reason LINK pumping can also be due to following the increase in the price of
Bitcoin, as we know if Bitcoin pump will be followed by altcoins. To be sure, investing in LINK is very profitable, but still do the analysis
before deciding investing in LINK, so as not to buy at the top price.

WalkerIVIV

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Quote from: Desscount on August 17, 2020, 09:31:01 AM

Quote from: Em00n01 on August 15, 2020, 03:14:14 PM

Still i can remember when i saw LINK in April/June it was almost $4.2 . But recently i saw it's pumping hardly to $18+! What is reason behind this pump?

the reason is the hype from Defi !, don't be surprised, all Defi altcoins currently have increased by 10x.
it feels like altcoin season, but now it's not all altcoin season

Only defi coins that were getting very big increase at this time. Some altcoins were not focusing their development into the defi still stuck at their place.

The defi was making the investors will be able to get something from what they have already bought with their money.

samcrypto

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Quote from: Em00n01 on August 15, 2020, 03:14:14 PM

Still i can remember when i saw LINK in April/June it was almost $4.2 . But recently i saw it's pumping hardly to $18+! What is reason behind this pump?

There’s a lot of updates with Link and the hype with DeFi projects is still here so people are rushing to buy good DeFi projects so they can enjoy the pumping market. I see this one as a good pump though it looks like the peak has been hit and I’m expecting a correction after that, if there’s more good news to come and the bull market started, then expect a much expensive Link.

bandungan

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when the link flies high there is a lot of positive and negative speculation about the coin. many see it is a temporary pump and does not last long, but in fact it is not an easy thing to accept because to do the pump requires several processes and it is not easy. we should find out the answer ourselves or hear the opinion of a professional

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