So these past 2 weeks Chainlink's value has gone from $4.85 to a peak of $8.64 and has been dropping ever since. There have been talks of a correction but a retard might think it is a good time to buy since "It's bound to go up, we're in corona times, baby".
I'm skeptical about LINK, I remember when it was getting shit on a while back in most crypto communities being considered one of the weakest primary alt-coins.
I don't own any but I'm on the fence whether I should hop on the shit train.
What do you think? What are your opinions on Chainlink in general?
Literally what would warrant such a sharp increase in its value? I don't touch shit coins, nor am I markets analyst, but this literally looks like a textbook bubble.
Literally what would warrant such a sharp increase in its value? I don't touch shit coins, nor am I markets analyst, but this literally looks like a textbook bubble.
I am 100% certain there has been an insane jump in demand as municipalities have to figure out how to keep people out of ruined/damaged buildings and consumers in the suburbs watched peaceful protestors march around destroying everything.
I know a guy who installs fence and he has been busier than he has ever been. People who have had rotting fences for a decade are having them redone suddenly.
That is anecdotal of course but I suspect it holds up nationwide.
It is absolutely a bubble but a pretty good one if you got in at $5.
Literally what would warrant such a sharp increase in its value? I don't touch shit coins, nor am I markets analyst, but this literally looks like a textbook bubble.
It LINKS smart contracts like ETHEREUM CONTRACTS to OFF-CHAIN data sources. It serves as a NETWORK within which data is AGGREGATED and a CONSENSUS is comed to. Data providers front a BOND & get PAID for providing ACCURATE, TIMELY DATA which conforms to the CONSENSUS or FINED for failing to do so. The LINK token is the TOKEN in which these PAYMENTS, FINES, and BONDS are denominated in.
I read "$1000 EOY" unironically, bought in at $2, and just cashed out right before it dipped below $8. Feels real nice seeing it having gone down a full dollar since.
