ChainLink keeps breaking records!

LINK / USD appreciated more than 14% in the last 24 hours and hit its historic high once again.

ChainLink is one of the best performing currencies on the market, despite the strong criticism it has received in recent months. Currently, LINK’s price is stable at around $ 14 and bulls are looking upwards at $ 15.

4-hour LINK / USD chart

Once again, buyers were able to defend the daily 26-EMA and rose again above $ 13. This increase is extremely healthy, as buyers were able to establish clear levels of support during the rise.

1 hour LINK / USD chart

Clearly, LINK’s momentum has shifted in favor of buyers, as 12-EMA and 26-EMA crossed optimistically again. LINK is not facing many resistance levels, mainly, it will need to break $ 14.29 and $ 14.48.

ChainLink’s valuation since its ICO is over 100%

Going back in time, until September 2017, during ChainLink’s ICO, we found that the price per LINK on offer during collective settlement was $ 0.11. Doing the math and using the new maximum value of $ 14.77, this translates into a return on investment of more than 100%. This, in turn, means that for every $ 100 spent during the ICO period, investors make a profit of more than $ 10,000.

In addition, checking the current ROI of ChainLink at Coincodex.com, it can be revealed that whoever used Ethereum and Bitcoin to participate in the crowdfunding, has an ROI of 32.54x and 71.30x respectively. Below is a screenshot capturing this fact.

ChainLink keeps breaking records! 26

ChainLink can reach $ 32

Timothy Peterson of Cane Island Alternative Investors highlighted the possibility of LINK reaching $ 32 by the end of the year.

However, Mr. Peterson also warned that such an upward parabolic move would not be sustainable. He added that investors who buy LINK at that level are at risk of losing 50% of their investment or even more.

Mr Peterson’s exact statement was the Following.

“I did a quick analysis of the growth rate of the chainlink and of the historical highs in its price that could lead LINK to US $ 32 by the end of the year, but that price would not be sustainable.

Investors who buy at these high levels risk losing 50% or more of their investment. Most of the growth is already included. ”

Source: fxstreet

Source link

Leave a comment