Author Topic: Is Chainlink (LINK) a Bubble? On-Chain Data and DeFi Suggest Otherwise (Read 1611 times)

sirty143 · « **on:** July 15, 2020, 05:25:08 AM »

Is Chainlink (LINK) a Bubble? On-Chain Data and DeFi Suggest Otherwise

On July 13 Chainlink (LINK) rallied more than 34% to reach a new all-time high at $8.48. Since then the price corrected back to the $7 range but at the time of writing the altcoin is making a renewed attempt... See more for yourself here.

Your opinion is greatly appreciated.

Altcoins Talks - Cryptocurrency Forum · « **on:** July 15, 2020, 05:25:08 AM »

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TomPluz · « **Reply #1 on:** July 16, 2020, 09:23:36 AM »

LINK has become the rallying figure in the ongoing DeFi revolution and I am sure that there can be a tug-of-war here soon. There is really a big and high interest with DeFi assets but if this can be sustainable that can be a question difficult to answer but we are hoping so.

Leonardo · « **Reply #2 on:** July 16, 2020, 10:32:41 AM »

Chainlink is a good coin actually. DeFi is just a catalyst to its rally. However, we saw something like an "altcoin season" last week, LINK might be boosted from that also. There might be corrections in the next few days. LINK has gone so far, be careful if you're intending to invest in it.