With chainlink we are seeing two noteworthy trends:

with chainlink we are seeing two noteworthy trends:

1. A steady appreciation in price, not just in dollars but also more notably in ETH. LINK/ETH is basically a consistent grind higher
2. Large amounts of LINK being removed from exchanges

what do these two things mean?

Does it mean that normies and twitter users are jumping on the link bandwagon? No. Firstly, Chainlink is still way less hyped by normies compared to other coins of similar Mkt cap.

For example, LinkTrader and Chainlink subreddits have 15k followers each. XRP has 220k followers. Cardano has 80,000. Stellar has 110k. You might think that Link is a normie coin now because you remember in 2017 when only Zig Forums knew about it, but the fact is Chainlink is still far less popular among normies than other coins of a similar market cap. You can see similar patterns on google trends or twitter.

In addition to this, normie small time buyers generally hold their coins on exchange.

What this means is that institutions are buying chainlink tokens. These are people who are planning on using the chainlink network in a big way and are starting to buy their stacks now. We're talking the likes of Oracle, NASDAQ, Microsoft, IBM etc.

Things will start to kick off later this year with Oracle integration and staking. In my opinion we see a slow grind higher until about September or October, at which point we'll be 5-6$. Then we'll start to see some fireworks with major applications by the likes of Oracle and staking. That could take us to 10-20$

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please take your meds your family concerns a lot

Based sell signal poster. See you at $2

every member of my family is all in on LINK

Chainlink has basically never had a dip in LINK/ETH

If you think Chainlink is going to dip to 2$, you're basically saying Ethereum is going to dip to 80 dollars or something. Nothing to do with chainlink which will continue slowly appreciating against ethereum

Reddit subscribers is a good indicator but really just check the number of wallets on chain.
link has 120k wallets
XRP has 3 million
Eth 50 million
Btc 65 million

To me the fact that nobody knows about this coin and it's almost top 10 means that it's way overvalued. To each his own I guess

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No, not "to each his own". That is simply an incorrect interpretation.

Technical analysis is literally worthless. If you want to gamble on ethereum based on TA go ahead, but it has nothing to do with chainlink.

Both ETH and LINK will dump soon. LINK might dump less, causing LINK/ETH go do up. It's still stupid to hold either when you could be in a stable coin or USD when they both crash. Get gud