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Still i can remember when i saw LINK in April/June it was almost $4.2 . But recently i saw it's pumping hardly to $18+! What is reason behind this pump?

They have a lot of partnership going on in the last couple of months, like this Plasm, a smart contract protocol built on Polkadot’s Substrate framework, has integrated Chainlink’s (LINK) price feeds (https://cointelegraph.com/news/whats-behind-the-meteoric-rise-of-chainlink).

And then one of their early adopter, Michael Anderson, predicted this meteoric rise, “Anything over twenty five dollars I think is not unreasonable to assume”. (https://cointelegraph.com/news/vc-believes-link-could-soar-above-25-and-overtake-ether)

And then of course the DeFi hype is still in the air, and as ChainLink is a decentralised oracle network which gives real time data to smart contracts, most like most DeFi are using them for live feed.

I just checked it and it is at $19+ now, aside from 2017 were there was a major pump in price, i have never seen such a pump before, what is making this coin to pump none stop is what i can't understand, from the look of things, link doesn't need btc to rise before pumping, i really envy investors who bought from very low price.

Link is one of the top leading Defi projects now. The are pumping so aggressively in this Pandemic. The first reason I would say that it is pumping because it's a Defi coin. We all know the recent crage about defi projects an we are watching the market of defi is pumping day by day.

Another reason is the team of Chainlink is working so hardly and they are so active. Doing so many partnerships with some big companies which gave them a price boost.

I am also looking for an answer why the link can fly high quickly, there are people who claim that the link is a waste pump and it is a fraud. I don't even believe that statement. I just want to hear answers from competent people and their sources

The rankings that it has also helped. Searching on coinmarketcap has categories for Defi and it's on the top of the rankings, no. 1. That's a factor for most investors to look at, whichever is at the top, that's where they'll invest.

https://coinmarketcap.com/defi/

And since they are the top DeFi project at the moment, people have more trust on an established DeFi network as compared to other DeFi projects that are suddenly shooting up everywhere. If you want to invest on a better market, of course, you want to spend it on a project with good foundation. And since the hype is still on for DeFi, the Chainlink team is using this opportunity to attract more investors by giving their followers about updates regarding partnerships and other developmental progress. Seems that the time of Chainlink has come. But still if you are an investor, you need to be prepared for what may happen in the market.

But on a side note, look at the Chainlink trading chart. Very impressive, right? Lucky for those who bought this last month, they are already enjoying their profits.

https://i.postimg.cc/jd239WZp/Screen-Shot-2020-08-16-at-7-09-01-AM.png

Because link has good future when it comes in technology. In addition, there is the trend of defi projects thing. I also saw how chainlink and band protocol became 15 dollars this past few days. And I really regret because I bought this two coin last few weeks but sold it only in a small profit. We don`t really predict when time comes if the coin that we hold or buy will becomes a gem.

Can't be denied that they are on the peak but it won't be long that peak will be gone. Those investors that have bought it at the bottom or before the take off, they made it.

I'm not scaring but everything that has gone up, must come down so start filling your bags some profits and wait until a correction comes. It is experiencing all-time high. Well, good job and congratulations to Link holders/investors.

Damn Chainlink has a bigger market cap than Bitcoin Cash SICK

I remember about thread talking about link pumped and many people not recommended this coin because already pumped and of course will going down, but now, hit $19 Damn. Cryptocurrency is unpredictable. I also tried to find the reason behind this, but i got nothing.
I just want to say congrats to link holders

LINK is just warming up, we will see a $30 link by end of next week. Probably pump to $21 today.

yes, just like the first cryptocurrency project like bitcoin right ? wich mean a lot of people will invest in bitcoin, because this the TOP cryptocurrency
also ethereum as the first and the best altcoins with smart contracts,, now chainlink as the best defi type project, thats a reasonable reason why the price of chainlink shoot up for now

The link has shown such a good price for some time, I am still worried whether the upward trend of this link will last long or only euphoric moments will last for a short time

That is my main concern too. It is actually very difficult to fill one's bag at the price it is now, expect one wants to risk it. The best would be that Fuddists should not have their way and for Chainlink not to be faulted by a strong competitor.

I saw that you are already a 3 year old member of this forum.Are you still got surprised on whats happening into those coins that do suddenly pumped? This isnt something new where price can shoot up without even knowing on whats the reason specially if the entire market is on that price increase rally then you can anticipate that situations like this are typical stuffs but
you can read up something that do correlates its its recent rise: https://cointelegraph.com/news/3-key-on-chain-metrics-may-explain-chainlinks-meteoric-rise
Good thing for those people who do able to buy on pre-pump.

Nicely said. I also believe it's just "an euphoric moment". Twitter is suddenly full of posts on Link, so I expect somebody also having an advertising campaign for it to (artificially) create hype.

On the other hand, there are other altcoins too that were dormant or doing bad since 2017/2018 and now they are blooming again... so I can't tell for sure. Maybe altcoin season did really start?

I think this was all driven by ETH's huge rise. After ETH started building up in price, other alts then followed. And after this, BTC joined in to finally push and hold above the $10k threshold.

The two reasons for ETH's sudden rise as far as I can see were a) the imminent arrival of 2.0 and staking, and b) Some FOMO over DeFi.
The second of these I think is the reason that ChainLink has risen so much. The FOMO is such that we will surely enter bubble territory sooner or later, if we haven't already. You just have to mention 'DeFi', and people get excited. Very reminiscent of people mentioning 'ICO' back in 2017.

I've seen altcoin not related to ETH (actually one of the competitors) also rising unexpectedly well. I also "blame" DeFi. And I also fear it's an artificial hype and it may end up like the ICO "era".

Link announced strong partnerships weeks ago and also Oracle is well recognized this days apart from the DeFi success that's currently making many crypto projects booming, i failed to believe that LINK is the only project that will be this bullish, I have my eye set on DIA DeFi project too

I think at at the moment it's only FOMO, but the project is very good. Fror the end of the year it can go to 25$ without problems. Everything depends also to what bitcoin will do. If it dump probably also LINK price will go down

the reason is the hype from Defi !, don't be surprised, all Defi altcoins currently have increased by 10x.
it feels like altcoin season, but now it's not all altcoin season

I don't think the only reason for this high price increase for Link is the Defi hype. They also announced some nice partnerships. Personally, I wouldn't invest at this time, a correction is highly possible as the price has risen too hard, too fast in my eyes.

Chainlink didn't get a lot of demand from the developers of defi. From what I can see on the market if most of defi developers were still using ethereum as their main platform. I think that this could not be the main reason why chainlink has been getting a lot of hype.

Chainlink's game plan to rise to the top is pre-arranged. And now using DeFi hype, it has turned into reality. When the whole crypto community discusses a coin, it is natural that the value of that coin will increase. Ever since I got acquainted with chainlink, I have seen a lot of discussion about chainlink. So from then on I realized that this coin will do something big in the future. Now I can see the reality. However, the main reason behind the chainlink being so pumped is the huge hype

when the link flies high there is a lot of positive and negative speculation about the coin. many see it is a temporary pump and does not last long, but in fact it is not an easy thing to accept because to do the pump requires several processes and it is not easy. we should find out the answer ourselves or hear the opinion of a professional

There’s a lot of updates with Link and the hype with DeFi projects is still here so people are rushing to buy good DeFi projects so they can enjoy the pumping market. I see this one as a good pump though it looks like the peak has been hit and I’m expecting a correction after that, if there’s more good news to come and the bull market started, then expect a much expensive Link.

Only defi coins that were getting very big increase at this time. Some altcoins were not focusing their development into the defi still stuck at their place.

The defi was making the investors will be able to get something from what they have already bought with their money.

What happened to LINK with high pumping also happened to several DeFi projects. As we know DeFi projects are in hype right now,
and LINK including the leading DeFi project. Another reason LINK pumping can also be due to following the increase in the price of
Bitcoin, as we know if Bitcoin pump will be followed by altcoins. To be sure, investing in LINK is very profitable, but still do the analysis
before deciding investing in LINK, so as not to buy at the top price.

I'm not sure anyone should be considering buying LINK at this point. The price is over-bought at the moment especially on the daily time frame and will likely drop more, possibly to $13 - $15 price levels. But if you're comfortable catching knives, you can open a trade and hope for the price to go up. As far as Bitcoin's recent run continues, it will continue to trend downwards.The goal of trading assets like this is to enter around the same time that the smart money goes in.

I support what you said because alot of weak hands have joined the coin pushcart when it going bullish and the best decision is wait for it current price correction to totally locked in.
Speaking of catching knives, only a higher buyer(whales) can do that while he dump once he feel satisfy with his profit but I'm still surprised with the speed the coin used to dethroned BCH, BSC despite the cheat strategy of the 2 coins owner.

That is market trend one project always start moving like this and majority of the people entered at the peak price. Last BNB was on fire and everyone was crazy to buy this token like they are rushing towards link. There is no one way traffic so we will see big correction very soon there is big chance of retracement after the next move so that I also agreed with you.

I was very fortunate to come on time to the pump and I managed to sell LINK at the highest price. Maybe now it's starting to fall again so that is my chance to double the LINK by buying it again. I'll hold on to it for a long time until the new ATH arrives.

You make a reasonable fact cause thats what the most tradition done by newbies and inexperienced traders but I believe the reason why BNB make the unexpected surge in price was because of the free token share of a token that worth $16,000,000 among all BNB holders which was also a hype and coin started to dump once some people somehow feel comfortable.

They made partners with some good company, they grow a lot since the ICO and now they are enjoying the fruit of their labor, not just the hype on DeFi but something is really good on this Token despite of the hate. The risk is still there, so don’t just buy because of the pump look also to the price movement because this can be a trap on top or a buying opportunity because of the future prices.

Isn't to wonder why it goes like that because we have noticed that many altcoins do the pumps. May we think about being hyped by whales or any reason but even it is not, we should be careful in following this. Though we heard a lot of partnerships come but can't still be confident enough, it might be a trap or whatever it is. It much better to figure it out for a while and not being attracted to invest because it shows such impressive growth.

They'd been partnering in top and trusted companies non stop since June and even before (List of their partnerships https://itsblockchain.com/chainlink-partnerships/  ) Even there is no DeFi hype yet Link is doing pretty well and been talked in the forum even before, I remember there was time markets were all almost bloody and Link is only in green some topic before https://bitcointalk.org/index.php?topic=5096459.0
No doubt they are the top 1 in DeFi projects now that DeFi is in hype.

I remember there was an active conversation about LINK on this forum a few months ago. However, given the market capitalization, I'm not sure what the future growth rate will be.

we all know not only Link, but even many other cryptocurrencies have also risen following the bullish move of bitcoin prices, I don't know too much about Link but I think the project looks pretty good too, but don't want to know what's interesting in it, which I know the crypto market is currently bullish and it doesn't seem like a pump

You are right, people are already investing huge amount of money into LINK because the Defi model makes many people start investing huge amounts in potentially development coins, even recently LINK making lot of partnerships with other companies and this makes this company is getting huge traffic in sorts of trading.

There is reason to believe that Link has started to grow rapidly due to increased activity around DeFi projects. But it seems to me that everything that happens is connected with a certain state support for chainlink, as well as the fact that Chainlink will be used to provide BSN services with access to off-network data. This factor has sharply increased the investment attractiveness of the project.

   Spaffin I agree with you, we had a huge hype around DeFi project and Link is one of the top DeFi projects. It's pumping
and it's good for all of us who hold Link for long-term. I am one of them, and I will continue to hold and accumulate Link.
   Link is one of the promising projects, and I believe it will have a great future. This recent interest shows that, and I
am sure we will see a lot more from Link in the future.

Because Defi is getting too hot right now, and LINK is the leading Defi project in this market. It has helped the price of LINK go up many times compared to early 2020, Btw if you invest in any Defi project in this market, you will also benefit from it.

LINK is one of the best altcoins right now where the bullish increase continues to increase endlessly lucky for investors who have bought at the price of $ 13 this is a tremendous increase where LINK altcoins are able to reach now, it is not only LINK but the one that is hotly discussed is the LINK token with the top ranking able to continue to survive even though the others are in a down condition.

This is the main reason why it is getting pumped so hard and it is also listed on reputed exchanges so people are not worried about the liquidity and legitimacy issues so they are pouring more money on this projects more than shit Defi projects which are created in a week and listed on uniswap and made huge profits as well by deceiving traders.

The fact is that Link has shown good results in the cryptocurrency market before even before the delphi project took off, thanks to government support, and also thanks to cooperation with a large number of large companies. In addition, the price correction of DeFi tokens in the future awaits us anyway, but nevertheless, some analysts predict that Chainlink will resist this trend, since their predictions are based on technical indicators that indicate that LINK is in “parabolic progress ".

Dont worry it wont take long and Link will go down to normal level again lol.

Now the price is $16 and continues dropping.

Sorry for the supporter but i really hate Pump and dump currency.

Lol but this one is far different from others because the growth is 400% and that is not normal for me staying in top 5 currency.

We can't say the market will move always based on the technical indicators and it is just an emerged product so not have much data to say it is going to have parabolic growth like what happened with bitoin and other top coins.

It is not chainlink only, you can see another coin (even I can call most of altcoin's prices have getting higher now) and also bitcoin's price. Have you compare their coin's price movement ?

Bitcoin is increasing for more than $5000 and ETH has been increasing for more than $150 until now. The market sentiment was the important factor and also the developer of the coin itself that has changed it.

There lots of partnership going on over the most recent few months, its mean development for this project on the correct way. Nor only chainlink, pretty much every different projects taking turns to pump, now it's seems like the bull market is back for real.

Seeing that this year most of the DeFi project pumps, of course it is not strange that LINK is a high pump too, even reaching new all time
high prices. Moreover, LINK's market capitalization is the highest compared to other DeFi projects. So automatically the price also goes up.
Another factor may be that the increase in the price of Bitcoin is the cause of the LINK prices flying high.

The link so far has implemented what is a roadmap that goes well with the support of trading volumes and also large exchanges as the main weapon. it causes the link to easily fly high.
the chainlink team has been working hard to make flying link coins, and today the hard work is paying off

unfortunately the current LINK price is too expensive and I don't have the money to buy more, but I will wait for it to be cheaper to pick it up, everyone is panicking buying because of this Defi and burning their money for something new, but let's see that in the near future

with a solid team and strong partnerships, i sure LINK will be able to reach $ 20 by the end of this year. indeed DeFi's success has had a huge impact on the Crypto project and we can see LINK becoming one of the growing coins in the market. if this coin is able to be in position 4 in CMC then that would be great. the ChainLink team's hard work so far really had a great effect.

I also cannot find out why the price of Chainlink has soared. I suspect that behind the strong growth are the fomo whales on Chainlink's price. the same way whales did with bitcoin when its price was 0.1 $.
I think that in the future there will be strong pump and dump of Chainlink because its price increases too unreasonable. It doesn't have any good news at this time, only manipulation is surrounding it, be careful when investing in it.

Hey guys are having their first ATH on this one ;-)


"Brian. If you pump it harder it will go to the moon!".

all the Defi project coins are pumping hard, look at Lend, Jarvis, YFI, and of course Link is also high pumping,
the Defi hype really makes people forget that the market could come back bearish

ChainLink is a price feed provider project. and this project . and This project is one of the best in the cryptocurrency industry. There will be more partnerships with various projects in the future.

Chainlink is nothing but cutting edge technology and is backed by the whales' massive financial foundations. that's why its growth has been so great in the past time. moreover, they have a very strong community in the US and they are very loyal people, always fomo about Chainlink about their technology and bright future. there are too many elements to make it shine.

It is due to reliable team behind the project. Besides, they have a lot of outstanding partnerships that derives use cases for the project. I am assuming that this might just be the beginning.

Do you also think that this is solely because of the DeFi hype that is going on right now because I actually think that it is the sole reason why not only LINK but all the DeFi tokens are pumping right now. Even the non defi projects are now upgrading their tokens to support defi and are getting listed on the uniswap exchange, I think that this defi madness will be over soon.

I agree with you but have you thought why these defi tokens are rising so high in value right now and not before this year, right?? The hype is the reason behind it and people are in a FOMO mode where they are buying these defi tokens at whatever price that they can get for them which have caused such a higher surge in the prices.

With a Little corrections now it fells $12 here https://coinmarketcap.com/currencies/chainlink/ things that we will expected since Bitcoin also drops higher than 105 today.

But while checking the Market it seems that recovery is starting so correction is finally over,Now what we are looking towards the Hype again.
Maybe this time we can take $13k and above?
If this coin is legit ten it will recover but if not?then everything that looks into this currency needs to take out before the
price backs again like a month before now.
Then those partnership will stay for how long?
are we sure that we are waiting for something that positive?or just like a bubble that will end soon and many will ask why they had hold and buy those coins?

 I mean lets be honest it is not that bad right now. I never owned Link in my entire life, never invested and probably never will because I keep my portfolio of just the coins I know and trust and I do not add new coins that easily, it takes a lot to make me invest into something I never invested before. But even I have to realize they have been doing well recently and this fall is definitely bad but everything is falling right now so that doesn't look like it is a personal thing for Link, it is a market thing.

 For example just a month ago it was a bit over 9 dollars, give or take around that level, and that is only just one month ago, after that it reached above 18 dollar levels, got to 19 dollars almost and that was the peak, thats when we talked about how Link was pumping so hard, right now it dropped to over 12 dollars, about 12.5 dollars and that is not really that bad. If someone told you link moved from 9 dollar levels to 12.5 dollars you would think it is doing well right?

I also saw it, I also found out how LINK can go up so fast and very fast, sorry I came here to find out, thanks. one of the defi coins which is very ok at this time

Like most of the time this is a combination of factors, there is no doubt that the LINK project is very good and it deserves to be in one of the top positions in the market, but there is also little doubt that what we're seeing is a lot of hype for DeFi coins and new projects that is making the market to go up in value, however we need to wonder if this is going to last long as the number of scammers in the market is multiplying at an alarming rate.