$LINK 1D bullish expectations 150k-240k sats
Updated
Conservatively, all time horizontal channel in blue provides optimistic floors for link going into 2021 and beyond, with a current trend in range of the pink trend, creating a possible C&H scenario with 150k - 244k sat value in reach. Expect a maintenance of bullish range if we brake above/bounce off green line in coming weeks.
Reasons to be bullish (besides the out-standing all time performance of Link against USD, which has consistently printed higher lows for long-hodlr's over the past four years).
◘ Chainlink Whitepaper 2.0 has released
◘ Close relationship with Arbitrum/Offchain Labs, on forefront of
delivering L2 scaling solutions for
ETH gas inflation
◘ Close relationships with leaders in DeFi, Bancor, Aave, Yearn, Sushi, Synthetix
◘ Chainlink Hackathon winners have been announced, some of which will likely go on
to be major DeFi players(some names from previous bullet came out of
chainlink/smartcon summit incubators as well).
◘ Continued close relationship with World Economic Forum visions for the future of
Decentralized technology
◘ Sergey has been glowing recently in public interviews, having stated he is attracted
to this technology for the "Lack of bullshit", in reference to recent embarrassment of
Legacy systems locking user funds in the WSB/GME pump spectacle, as well as suggesting
that we should expect DeFi to "add a zero" as it grows towards a 500b total marketcap
◘ Chainlink remains the de-facto, premiere oracle solution in the space, with over 500+
integrations, 10's of billions in user funds secured in #DeFi protocols powered by Chainlink
◘ Staking will create a virtuous cycle for the entire chainlink ecosystem, compelling the price of
Link to steadily, continually rise into the long-term future as it secures more value, which
creates more security, allowing for higher and higher value smart contracts to be secured up
to as high as they would need to be for supplying an industry standard, world class oracle
solution capable of securing the highest value contracts in the age of data.
Reasons to be bullish (besides the out-standing all time performance of Link against USD, which has consistently printed higher lows for long-hodlr's over the past four years).
◘ Chainlink Whitepaper 2.0 has released
◘ Close relationship with Arbitrum/Offchain Labs, on forefront of
delivering L2 scaling solutions for
ETH gas inflation◘ Close relationships with leaders in DeFi, Bancor, Aave, Yearn, Sushi, Synthetix
◘ Chainlink Hackathon winners have been announced, some of which will likely go on
to be major DeFi players(some names from previous bullet came out of
chainlink/smartcon summit incubators as well).
◘ Continued close relationship with World Economic Forum visions for the future of
Decentralized technology
◘ Sergey has been glowing recently in public interviews, having stated he is attracted
to this technology for the "Lack of bullshit", in reference to recent embarrassment of
Legacy systems locking user funds in the WSB/GME pump spectacle, as well as suggesting
that we should expect DeFi to "add a zero" as it grows towards a 500b total marketcap
◘ Chainlink remains the de-facto, premiere oracle solution in the space, with over 500+
integrations, 10's of billions in user funds secured in #DeFi protocols powered by Chainlink
◘ Staking will create a virtuous cycle for the entire chainlink ecosystem, compelling the price of
Link to steadily, continually rise into the long-term future as it secures more value, which
creates more security, allowing for higher and higher value smart contracts to be secured up
to as high as they would need to be for supplying an industry standard, world class oracle
solution capable of securing the highest value contracts in the age of data.
Note
Link HUGE energy. Printing onto and bouncing off of pink trend, beautiful! Massive trend break on LINK/BTC 1D pair, LINK/USD ATH trending $46.50!
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