, 8 tweets, 2 min read
Chainlink performs as strong as Ethereum did in early 2016 run and 2017 run. Against BTC and the whole market, just going strongly up. Chainlink is just as 'the new thing' to the crypto space as Ethereum was back then. Difference is, Chainlink has a bigger network effect. Period.
Size of the Network effect is the biggest factor for a huge bullrun. With all the news and foundation Chainlink has set in the last 1-2 years, manifesting its spot as number one oracle network, integrated in the leading financial and cloud-related frameworks, I think we gonna see
exactly the type and scale of run Ethereum had. With BTC being still at its local low, Chainlink is already almost back to its ATH again. This insane trend against the whole market shows just how much money is flowing into LINK right now, while retailers don't understand it yet.
You can tell there is no retail flowing into Chainlink yet, by the number of tweets, reddit threads and facebook posts Chainlink only has. There is still barely any discussion or people educated on LINK. Most sign it off as pump and dump. They will buy in when the run matures.
We can realistically see 16-30$ really soon, with Bitcoin setting it's higher low finally in and the BTC dominance going further down, there is gonna be an even stronger flow into Chainlink and many other alts. If Chainlink performs extremely well while BTC and the market
is doing bad, you can bet that it's gonna do ridiculously fantastic when the altseasons comes. Every altseason that has happened since 2013, brought at least an x20 for the top-performing alts. Since Chainlink already started the run before anything else moved and will still
strongly profit from the liquidity flowing from BTC into alts and BTC generally pulling up the market again, Chainlink can realistically do an x6 to x10 from here. We wouldn't push right up to the sats ATH if the run would be over. Also, volume pattern does not look like a peak.
The x6 to x10 is meant short term. In fact, very short term (2-6 weeks maybe), mid and longterm, I expect a lot more from Chainlink, with the overall market coming into real bullmode again and millions of dollar in LINK tokens getting locked up for oracle jobs..
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