Link ready to fly
Looking for Link to provide similar returns as Eth did during the 2-16-2017 bull run.
Many Link holders are currently feeling the pain as Link has been decimated in sats... but when we look to Eth/BTC chart of 2016 leading up to the first week in 2017 ETH was down nearly the exact same percentage against btc as LINK is today.
I think we all know what ETH did next...
Some may think "well the supply of LINK is way too high to hit 1.4k as ETH did, right?"
The fully diluted supply of Link is ROUGHLY 10x that of ETH yes, but I contest this point with the thought that the total market cap of crypto also has the potential to 10x...
therefore LINK tokens can reach the same price as ETH did during 2017 even if its fully diluted supply of 10x Eth is taken into account rather easily...
Many Link holders are currently feeling the pain as Link has been decimated in sats... but when we look to Eth/BTC chart of 2016 leading up to the first week in 2017 ETH was down nearly the exact same percentage against btc as LINK is today.
I think we all know what ETH did next...
Some may think "well the supply of LINK is way too high to hit 1.4k as ETH did, right?"
The fully diluted supply of Link is ROUGHLY 10x that of ETH yes, but I contest this point with the thought that the total market cap of crypto also has the potential to 10x...
therefore LINK tokens can reach the same price as ETH did during 2017 even if its fully diluted supply of 10x Eth is taken into account rather easily...
Note
Link BTC pair still is still following LINK Eth fractal from early 2017
Looks like we either pump from here or consolidate more then pump.
Whether it is the former or the latter most likely depends on if BTC keeps moving higher with authority (Link will consolidate on BTC pair)
or BTC starts to range (Link pumps on BTC pair)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.