Link targets $40 by the end of the month
The chart suggests that link may need to undergo a minor correction towards the $25 - $26 mark within the pennant. Thereafter the coin may look to $40 - $41 or possibly much higher if altcoin season starts to cause large inflows into the lower market cap coins.
The problem with coins like Link is that they can bounce really high very unexpectedly due to the fact that they have a relatively small market cap which allows it to double in 2-4 days. Its unlikely to see that happen in BTC with its current market cap.
I don't fully understand the technology behind Link, however, i understand enough to know that it has a big future due to its utility.
Long-term price prediction for Link?
I have no idea but i don't think that its unreasonable to expect a 4X - 6x rise in price and hopefully a lot more within the next 12 -18 months.
I own Link in my speculative portfolio (one of the smaller positions) and i intend on holding it for a long period of time. Its not the price that matters, its the potential utility.
Please like and follow for daily posts on various asset classes. Please also share your views on the trading ideas and whether or not you find them to be of any value to you as a trader.
Please note that cryptocurrencies are speculative assets which carry a very high degree of risk and any speculation in such assets can result in a complete loss of capital. This idea is shared for educational purposes only and should not result in speculative decisions in any digital asset.
The problem with coins like Link is that they can bounce really high very unexpectedly due to the fact that they have a relatively small market cap which allows it to double in 2-4 days. Its unlikely to see that happen in BTC with its current market cap.
I don't fully understand the technology behind Link, however, i understand enough to know that it has a big future due to its utility.
Long-term price prediction for Link?
I have no idea but i don't think that its unreasonable to expect a 4X - 6x rise in price and hopefully a lot more within the next 12 -18 months.
I own Link in my speculative portfolio (one of the smaller positions) and i intend on holding it for a long period of time. Its not the price that matters, its the potential utility.
Please like and follow for daily posts on various asset classes. Please also share your views on the trading ideas and whether or not you find them to be of any value to you as a trader.
Please note that cryptocurrencies are speculative assets which carry a very high degree of risk and any speculation in such assets can result in a complete loss of capital. This idea is shared for educational purposes only and should not result in speculative decisions in any digital asset.
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