Since the end of July we've seen a solid reversal to the bullish side after the dump, with our first higher high the first week of August and now with 2 higher lows confirming the bullish pattern.
Sell-side volume dried up pretty significantly and the last few days we started to see higher buy volume come in, bringing the price ever closer to a new high for the pattern (my guess - web3 & NEO rumor pumps)
Today the entire crypto market took an enormous shit, and so we did not hit that new pattern high but we did see excellent support at a higher low where we are now. This also tightened up the bull pennant nicely - chart appears to be winding up for a pretty solid swing to the $2.75-$3.00 range.
That being said, LINK, like everything else, is at the mercy of the market somewhat. If the market continues to shit the bed we could see the pattern break, dumping back to around $2 or so, but the support here & the recent activity of LINK price rising in contrast to BTC's dropping price leads me to believe it's unlikely we'll go much lower than where we are now without a very sudden and dramatic market drop.
Essentially: Buy now and you'll be very happy unless the crypto market goes boom again in which case it doesn't really matter what you're in so fuck it.
Fundamentally, we've seen a number of new partnerships forming, we have a couple of big rumors floating around with reasonable evidence to back them, and we have Web3 and a couple of other conferences coming up. This will likely bring further notoriety to LINK.
I'm anticipating a price of $4.50-$6 by EOY based off of current knowns.
>couple of other conferences coming up out of the loop, what else is coming?
Brayden Sanchez
no one cares man
Caleb Brown
>no one cares man >no one Pure nolinker retardism
Oliver Thomas
It’s amazing how well Link held up for this dump.
>6eoy This is fud
Isaiah Ross
They're setting some stuff up through OracleNode, no definitive dates yet.
>This is fud Maybe, I'm just going based off of what I know. Any large announcements or unconfirmed "super rumors" getting confirmed (e.g. Microsoft) could create large pumps. The Oracle startups could be more significant than I'm anticipating as well.
Mostly I expect steady but moderate growth until either large players step in or we see staking go live with adoption & passive income opportunities.
Oliver Walker
$10 imo I hope it goes to well beyond that but i just dont see billions flooding into link in a matter of months at such an early stage of the project. Staking isnt even live yet. But who knows
Joseph Cox
This is Jow Forums. We don't give a a shit about centralized ERC coins, what year is this? Go hang out with your XRP Army cousins on Twatter where you belong you filthy casual.
Isaac Fisher
crypto.com is offering link staking, as is coinbase so i’m guessing that’s gonna be announced at the next conference showing
Christian Allen
You don't need billions to flood in to see that price, JFYI. You just need low liquidity. Right now a measly $2MM market buy would take it right to $4, and the book gets thinner and thinner as it goes up. Probably could get to $10 with under $50MM. That being said, it would be a very short lived pump :) You need stability and a lot of little purchases over a long period of time, while keeping liquidity low. Staking should technically have that effect.
Eli Adams
I’m a linklet with only 500 LINK going to buy the a a hundred bucks worth once my pal pays me back. Just holding for the long haul and won’t sell until 2025 that’s my promise to myself. And even then I’ll hold several hundred in reserve Incase it explodes. Hope we make it goys I am sure most of you are LINK chads and I am a cucklet with this small humble stack.
Alexander Howard
Crypto.com's staking appears to be a lender's platform, not node staking, which is not what we're looking for. I don't believe Coinbase Custody offers LINK staking yet though LINK is definitely on the Custody platform and I assume they will offer staking as soon as it's live.
There are still a few service agreement tasks in Pivotal which I think need to be completed before staking, & afaik other than COTI's integration reputation is not complete (though maybe COTI will be their first implementation).
Noah Jones
If you're playing the game you're already ahead of most risk-averse schmucks who spend their whole life in blue chips. Dying poor isn't so bad, it's never even giving yourself the chance to die rich that you'll eventually lose sleep over. 500 LINK I think in 5 years could reliably mean a down payment on a house and then some, and that alone might be life changing for you.
I am a believer in crypto as revolutionary tech. Most of this shit will eventually go to zero, and LINK might not be an exception... but as far as I can see, it has maybe the best use case in all of crypto and at this point has more adoption than any other crypto. Had LINK existed in late 2016 it would have seen ETH-like gains in 2017. The market has matured a bit, the days of insane moonshots in a year are probably gone for good.
yeah fair points mate. i’ve filtered and ignored all coti threads so idk what it does, but if it’s identity related, i remember a poster on here saying sergey was excited about using another crypto company for node kyc or something like that, might be related.
Only thing that matters is circulating supply not the max supply. ETH has no max supply, does that mean ETH is priceless?
Ayden Martinez
you guy are delusional
link was 50 cents a few weeks ago
this shit will go to .80 cents before it goes to 10 dollars
Adam Ross
have you tried having sex? might solve your incel problem.
Eli Edwards
>headline tomorrow >Google Integrates Chainlink Into Adwords Platform
Is it still going to 80 cents?
My point is I don't see how you can say with absolute certainty it's going to decrease to X price
Austin Nguyen
if anything I would think that means it's worthless
Cameron Adams
it's $1000 eoy you fucking morons
Jack Morales
Lol LINK whales are moving to SENT now
Aiden Barnes
you need to move back to bangladesh you rancid curry muncher
Carson Nguyen
Market cap in general with a utility token where staking is the main function is an absolute meme. We have NO idea what will be in circulation at this point, and though "circulation" matters it matters because of supply/demand, which will be directly correlated to adoption & staking profits. Theoretically greater than $1,000/LINK could be achieved given the derivatives markets alone. I'm not saying that means it'll happen, but it's not as far fetched as some anons believe.
For now, speculation is what will drive the price. In short, market cap will never be a meaningful metric until we really understand the future of staking & adoption.
Not replying to any other new comments because they're all fucking stupid, but happy to continue in any intellectual conversations. I'll be popping in and out.
Owen Green
you fucking retard, "OracleNode" is just their own section of the web3 conference. "Setting stuff up through OracleNode" lmao, quit talking out your ass.
Christopher Anderson
>/link/ >no one cares You must be lost friend
Jayden Myers
>Shill Bulletin #337 >Date: August 14, 2019 >Subject: New Strategy >Body: My fellow shitjeets, they're not falling for it. They keep calling us a scam. We will need a new strategy. From here on out, start to associate SENT with LINK as much as possible. I will be moving SENT into my LINK wallet so you can use this as "proof" that "LINK whales are buying up SENT like crazy!" Be sure to spam this as much as possible. Thank you sirs.
Nicholas Jones
This
Jeremiah Russell
you dont think we will get a speculation pump in 2019? sergey is going to be announcing whos going to be providing data in the network and some of those will be big names. $4-6 eoy is a super bearish and pretty much saying you dont believe in the project. the only reason i can believe itll be that price is price manipulation.
Lincoln Russell
Oh, that's true. I misunderstood on the Discord. Anyway, a pretty minor part of what I was getting at, but thanks for correcting.
This is all conjecture. You can't count anything as confirmed until it's confirmed. We have two big names so far, Google & Oracle. I believe there will be more but even those two were a bit out of the blue so it's hard to see who or when for anything else.
I also don't think a ~2x from where we are within the next 4 months is "bearish."
Andrew Cruz
>LINK TA you are wasting your time
Xavier Brown
Pay what u owe
James Jackson
>I'm anticipating a price of $4.50-$6 by EOY based off of current knowns.
