Chainlink is about to get catapulted up like a trebuchet! +15$
Chainlink daily RSI was able to reset all the way down to 30 and still kept the sats value pretty high, forming a nice bullish formation. We have a really nice higher low and an insane huge bullflag forming up right in front of our eyes. People are panicing and mad because of the USD price caused by the sats correction and Btc shitting the bed at the same time. Dozens of marines jumped ship for shitcoins and hypecoins. All of them will get burned when this baby bounces back up and thrives for new highs. They forget that they can't time the market. They forget that Chainlink delivers. They forget that adoption by the big boys like Google, and all leading DeFi projects is in hard works/on the way. The is not much time to get back in. I'm one of the few who don't have a shitcoin sidehoe, switching for a few dozen % gain. My long term position will continue to outperform the shitcoin hunters and the lazy doubters who don't fully envision the size of the DeFi and general smart contract market. People don't see that Chainlink is the first coin that managed to apply their token model around the biggest value capturing use case ever, the only model that truly scales with the underlying managed/executed contracts value. Chainlink doesn't give a shit about not having 100,000 tx a day. It doesn't need to. Ethereum needs to, as it's value capture only scales with the amount of use cases/dapps and users/activity. Not with the value. Ethereum doesn't give a shit if it triggers a 10,000,000 $$ contract. It still costs only a few cents to execute the contract and have foreign asset types or ERC20 tokens with the actual value being transferred then. Chainlink on the other side, growth in value with every high value contract it fuels with data, as the data inputs are highly collaterized. The pioneers can see this, Tom Gonser, Joseph Lubin, Gavin Woods, Ari Juels.
The startups didn't see this yet. Enigma said last year "we can do everything Chainlink can, it's just a bandaid solution". One year later, it's "we integrated Chainlink btw".
Last year, major DeFi projects said, they gonna build/use their own oracles as it's "secure enough/better".
Now they all move to Chainlink as their total valuation and volume rises beyond a few hundred millions. You HAVE to use Chainlink or get kicked out the game. People want to execute their contracts/dapps as secure as the blockchain itself is, you can't do this without Chainlink, just face it already.
Look around you for people who actually understand Chainlink, and then look at the price. Who was buying LINK up till here? It was clearly not retail, and clearly not people from these startups and their big pockets. It's the silent smart money.
The startups didn't see this yet. Enigma said last year "we can do everything Chainlink can, it's just a bandaid solution". One year later, it's "we integrated Chainlink btw".
Last year, major DeFi projects said, they gonna build/use their own oracles as it's "secure enough/better".
Now they all move to Chainlink as their total valuation and volume rises beyond a few hundred millions. You HAVE to use Chainlink or get kicked out the game. People want to execute their contracts/dapps as secure as the blockchain itself is, you can't do this without Chainlink, just face it already.
Look around you for people who actually understand Chainlink, and then look at the price. Who was buying LINK up till here? It was clearly not retail, and clearly not people from these startups and their big pockets. It's the silent smart money.