Why LINK is pumping so hardly? - page 3.

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Quote from: Em00n01 on August 15, 2020, 02:14:14 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?

Chainlink's game plan to rise to the top is pre-arranged. And now using DeFi hype, it has turned into reality. When the whole crypto community discusses a coin, it is natural that the value of that coin will increase. Ever since I got acquainted with chainlink, I have seen a lot of discussion about chainlink. So from then on I realized that this coin will do something big in the future. Now I can see the reality. However, the main reason behind the chainlink being so pumped is the huge hype

hummer113

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In early August, yearn.finance created Link vault - where people can locked Link, I think that this event greatly influenced the pump Link.

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Quote from: Desscount on August 17, 2020, 08:31:01 AM

Quote from: Em00n01 on August 15, 2020, 02:14:14 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

Chainlink didn't get a lot of demand from the developers of defi. From what I can see on the market if most of defi developers were still using ethereum as their main platform. I think that this could not be the main reason why chainlink has been getting a lot of hype.

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Quote from: Desscount on August 17, 2020, 08:31:01 AM

Quote from: Em00n01 on August 15, 2020, 02:14:14 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

I don't think the only reason for this high price increase for Link is the Defi hype. They also announced some nice partnerships. Personally, I wouldn't invest at this time, a correction is highly possible as the price has risen too hard, too fast in my eyes.

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Quote from: Em00n01 on August 15, 2020, 02:14:14 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

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Quote from: Em00n01 on August 15, 2020, 02:14:14 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

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Link announced strong partnerships weeks ago and also Oracle is well recognized this days apart from the DeFi success that's currently making many crypto projects booming, i failed to believe that LINK is the only project that will be this bullish, I have my eye set on DIA DeFi project too

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Quote from: Cnut237 on August 17, 2020, 02:30:51 AM

b) Some FOMO over DeFi.

I've seen altcoin not related to ETH (actually one of the competitors) also rising unexpectedly well. I also "blame" DeFi. And I also fear it's an artificial hype and it may end up like the ICO "era".

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Quote from: NeuroticFish on August 17, 2020, 02:15:48 AM

Maybe altcoin season did really start?

I think this was all driven by ETH's huge rise. After ETH started building up in price, other alts then followed. And after this, BTC joined in to finally push and hold above the $10k threshold.

The two reasons for ETH's sudden rise as far as I can see were a) the imminent arrival of 2.0 and staking, and b) Some FOMO over DeFi.
The second of these I think is the reason that ChainLink has risen so much. The FOMO is such that we will surely enter bubble territory sooner or later, if we haven't already. You just have to mention 'DeFi', and people get excited. Very reminiscent of people mentioning 'ICO' back in 2017.

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Quote from: Kocret02 on August 16, 2020, 05:37:29 PM

The link has shown such a good price for some time, I am still worried whether the upward trend of this link will last long or only euphoric moments will last for a short time

Nicely said. I also believe it's just "an euphoric moment". Twitter is suddenly full of posts on Link, so I expect somebody also having an advertising campaign for it to (artificially) create hype.

On the other hand, there are other altcoins too that were dormant or doing bad since 2017/2018 and now they are blooming again... so I can't tell for sure. Maybe altcoin season did really start?

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Quote from: Em00n01 on August 15, 2020, 02:14:14 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 saw that you are already a 3 year old member of this forum.Are you still got surprised on whats happening into those coins that do suddenly pumped? This isnt something new where price can shoot up without even knowing on whats the reason specially if the entire market is on that price increase rally then you can anticipate that situations like this are typical stuffs but
you can read up something that do correlates its its recent rise: https://cointelegraph.com/news/3-key-on-chain-metrics-may-explain-chainlinks-meteoric-rise
Good thing for those people who do able to buy on pre-pump.

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Quote from: Kocret02 on August 16, 2020, 05:37:29 PM

The link has shown such a good price for some time, I am still worried whether the upward trend of this link will last long or only euphoric moments will last for a short time

That is my main concern too. It is actually very difficult to fill one's bag at the price it is now, expect one wants to risk it. The best would be that Fuddists should not have their way and for Chainlink not to be faulted by a strong competitor.

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The link has shown such a good price for some time, I am still worried whether the upward trend of this link will last long or only euphoric moments will last for a short time

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Quote from: jossiel on August 15, 2020, 05:57:53 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/

yes, just like the first cryptocurrency project like bitcoin right ? wich mean a lot of people will invest in bitcoin, because this the TOP cryptocurrency
also ethereum as the first and the best altcoins with smart contracts,, now chainlink as the best defi type project, thats a reasonable reason why the price of chainlink shoot up for now

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LINK is just warming up, we will see a $30 link by end of next week. Probably pump to $21 today.

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Quote from: Em00n01 on August 15, 2020, 02:14:14 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 remember about thread talking about link pumped and many people not recommended this coin because already pumped and of course will going down, but now, hit $19 Damn. Cryptocurrency is unpredictable. I also tried to find the reason behind this, but i got nothing.
I just want to say congrats to link holders

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Damn Chainlink has a bigger market cap than Bitcoin Cash SICK

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Quote from: CaVO32 on August 15, 2020, 06:08:47 PM

Quote from: jossiel on August 15, 2020, 05:57:53 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/

And since they are the top DeFi project at the moment, people have more trust on an established DeFi network as compared to other DeFi projects that are suddenly shooting up everywhere. If you want to invest on a better market, of course, you want to spend it on a project with good foundation. And since the hype is still on for DeFi, the Chainlink team is using this opportunity to attract more investors by giving their followers about updates regarding partnerships and other developmental progress. Seems that the time of Chainlink has come. But still if you are an investor, you need to be prepared for what may happen in the market.

But on a side note, look at the Chainlink trading chart. Very impressive, right? Lucky for those who bought this last month, they are already enjoying their profits.

Can't be denied that they are on the peak but it won't be long that peak will be gone. Those investors that have bought it at the bottom or before the take off, they made it.

I'm not scaring but everything that has gone up, must come down so start filling your bags some profits and wait until a correction comes. It is experiencing all-time high. Well, good job and congratulations to Link holders/investors.

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Quote from: Em00n01 on August 15, 2020, 02:14:14 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 link has good future when it comes in technology. In addition, there is the trend of defi projects thing. I also saw how chainlink and band protocol became 15 dollars this past few days. And I really regret because I bought this two coin last few weeks but sold it only in a small profit. We don`t really predict when time comes if the coin that we hold or buy will becomes a gem.

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Quote from: jossiel on August 15, 2020, 05:57:53 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/

And since they are the top DeFi project at the moment, people have more trust on an established DeFi network as compared to other DeFi projects that are suddenly shooting up everywhere. If you want to invest on a better market, of course, you want to spend it on a project with good foundation. And since the hype is still on for DeFi, the Chainlink team is using this opportunity to attract more investors by giving their followers about updates regarding partnerships and other developmental progress. Seems that the time of Chainlink has come. But still if you are an investor, you need to be prepared for what may happen in the market.

But on a side note, look at the Chainlink trading chart. Very impressive, right? Lucky for those who bought this last month, they are already enjoying their profits.

Topic: Why LINK is pumping so hardly? - page 3. (Read 543 times)