Middle-long term potential bullish scenario for CHAINLINK TOKEN
As the hype is clearly not with this coin anymore, especially when you see how much it's bleeding against ETH, (and BTC as well), Link almost became persona non grata in a modern portfolio.
People are bored, especially them who entered at 50$+ in May 21 or when we were close to 40$ at few occasions. You can feel the disappointment/the hate by watching/reading/listening how many people are bashing on Link (like the fundamental and real utilities of this project would have disappeared during these last weeks...) and the recent capitulation just finished the job.
Regarding my short but respectable experience in Crypto (since 2014), I can say that it's a pretty good sign, to buy a little bit' if you are not exposed and if you still believe in the project, or just hold what you already have invested. Trying to sell now to buy lower than we are today could be a risky game. We saw a nice capitulation on last Saturday, fear is high, we already saw these typicals wicks in the past, and what we have witnessed Saturday could be a local dip, before a new leg to the upside. Of course, It will depends of BITCOIN, but in a bullish scenario (that I'm still privileging), there is a decent chance we won't go lower than 15$.
To add some narratives, Chainlink is reminding me Ethereum and Cardano back in the days, when both coins were doing nothing excepted, bleeding against BTC and not reaching any goals people were expecting. Few months/years laters, we saw what happened. I'm not saying CHAINLINK has to have the same destiny but like ETH and ADA, CHAINLINK has also a strong fundamental (just look at the ecosystem, defi etc). And It’s always more confortable for the mind to invest in coins with strong fundamentals, no matter what is the noise around. (Even if, of course, you all need to know that there is never 100% garantees, never...)
The current Market cap for CHAINLINK is around 9-10 Billions, for a current price around 20$, which means :
- if the price goes to 100$, the MC should be around 45-50 Billions (5X from where we are) = Nice ROI and still a mere drop to the crypto ocean
- if the price goes to 180$, the MC should be around 80-85 Billions (9X) = still a mere drop, but a little more optimistic and a fantastic ROI
A range between 100$ to 180$ could be the area to DCA your sells for this cycle. (Once again, of course these figures are reachable for Q1-Q2 of 2022 if the whole market has already seen his local dip and stays green, but nothing is written by advance ;-)
Why these targets ? Because I'm only using datas, stats, probabilities, logarithmic curves, to appreciate the potential and the risk level of holding a coin (or selling when its heating up). I also love to stay cold and realistic in my projections and be surprised in the good way. Believe me or not, I would prefer Chainlink token price to be at 1K$ but unfortunately for holders, there is a lot of chances it won't happen tomorrow. Anyway, I won't share any strong TA as I'm not a short term trader and plenty of people here, are better than me to do that.
It's not a financial advise. This chart is pretty simple and its just here to make potential projections, nothing more, so DYOR ALWAYS.
Now its said, so let's see if this chart ages well, at least just for fun ;)
People are bored, especially them who entered at 50$+ in May 21 or when we were close to 40$ at few occasions. You can feel the disappointment/the hate by watching/reading/listening how many people are bashing on Link (like the fundamental and real utilities of this project would have disappeared during these last weeks...) and the recent capitulation just finished the job.
Regarding my short but respectable experience in Crypto (since 2014), I can say that it's a pretty good sign, to buy a little bit' if you are not exposed and if you still believe in the project, or just hold what you already have invested. Trying to sell now to buy lower than we are today could be a risky game. We saw a nice capitulation on last Saturday, fear is high, we already saw these typicals wicks in the past, and what we have witnessed Saturday could be a local dip, before a new leg to the upside. Of course, It will depends of BITCOIN, but in a bullish scenario (that I'm still privileging), there is a decent chance we won't go lower than 15$.
To add some narratives, Chainlink is reminding me Ethereum and Cardano back in the days, when both coins were doing nothing excepted, bleeding against BTC and not reaching any goals people were expecting. Few months/years laters, we saw what happened. I'm not saying CHAINLINK has to have the same destiny but like ETH and ADA, CHAINLINK has also a strong fundamental (just look at the ecosystem, defi etc). And It’s always more confortable for the mind to invest in coins with strong fundamentals, no matter what is the noise around. (Even if, of course, you all need to know that there is never 100% garantees, never...)
The current Market cap for CHAINLINK is around 9-10 Billions, for a current price around 20$, which means :
- if the price goes to 100$, the MC should be around 45-50 Billions (5X from where we are) = Nice ROI and still a mere drop to the crypto ocean
- if the price goes to 180$, the MC should be around 80-85 Billions (9X) = still a mere drop, but a little more optimistic and a fantastic ROI
A range between 100$ to 180$ could be the area to DCA your sells for this cycle. (Once again, of course these figures are reachable for Q1-Q2 of 2022 if the whole market has already seen his local dip and stays green, but nothing is written by advance ;-)
Why these targets ? Because I'm only using datas, stats, probabilities, logarithmic curves, to appreciate the potential and the risk level of holding a coin (or selling when its heating up). I also love to stay cold and realistic in my projections and be surprised in the good way. Believe me or not, I would prefer Chainlink token price to be at 1K$ but unfortunately for holders, there is a lot of chances it won't happen tomorrow. Anyway, I won't share any strong TA as I'm not a short term trader and plenty of people here, are better than me to do that.
It's not a financial advise. This chart is pretty simple and its just here to make potential projections, nothing more, so DYOR ALWAYS.
Now its said, so let's see if this chart ages well, at least just for fun ;)
Penafian
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