Is Chainlink (LINK) a good investment?

[mich]

LINK is up 5% after this recent bear market has come to a end.

https://www.fxstreet.com/cryptocurrencies/news/chainlink-price-bounces-despite-crypto-bloodbath-202105172201

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[mich]

LINK has become the 21st member of the Hedera Governing Council.

https://hedera.com/blog/chainlink-labs-furthers-enterprise-focus-joins-hedera-governing-council

[frank07a]

After reading this Chainlink price prediction, I invested 10% of my financial portfolio in this coin. For some reason, I used to underestimate this coin.

[LUCKMCFLY]

I think that LINK has a very good omen, the bulls are having a lot of faith in LINK, in fact BTC has a very good recovery and as BTC goes up LINK will show more recovery, although LINK is a good investment I think that now if it is invested it will have a very good profit:

As you can see on the chart, the wedge held perfectly during yesterday's BTC dump. For me, this signals that bullish pressure is still there and that we might see a strong reversal coming fairly soon.

Source: https://www.tradingview.com/chart/LINKUSDT/V9URCuEJ-LINK-Multi-Year-Analysis/

This analysis has a rising wedge, which means the analyst subjectively means that LINK is going up.

[LUCKMCFLY]

LINK has been reacting to the market, it is not to forget that BTC has made a lot of effort to recover, LINK also, some investors do not lose hope that LINK can give a good surprise, sometimes LINK can go up when BTC makes lateral movements, but I think that if btc continues to go down if it can affect you a lot:

Chainlink’s recovery was halted at $26.45-resistance and although gains were still possible till $31, any moves above that were largely dependent on broader market cues. A minor pullback could be stalled at $23.1-resistance, whereas a sharper dip could see LINK head back towards $17.25-something that would see the cryptocurrency erase all of its gains made over the past few days. However, chances of such an outcome were slim considering the pace at which BTC has regained key levels since its retracement.

Source: https://ambcrypto.com/polkadot-litecoin-chainlink-price-analysis-25-may/

According to the analysis, it shows a buy signal, but it is a matter of waiting, those who want to buy I think that at this moment it is worth the risk.

[feelideb]

Chainlink is not your regular coin, it is actually an oracle platform serving many project on ethereum  network and pushing us ahead more into future where decentralization is entrench in banking, finance , business and entertainment! Chainlink is a value coin and I will advice anyone to buy Chainlink!

[mich]

Bullish article about LINK being ready to take off to new all time high.

https://www.fxstreet.com/cryptocurrencies/news/chainlink-price-forecast-link-positioned-for-new-all-time-highs-202105271700

[LUCKMCFLY]

One could properly say that LINK's volume is in a very good moment, despite the bearish BTC market of a few days ago, LINK has shown a very good recovery, the volume that has recovered has been almost 11%, this is a sign to take into account at least to have it in the long term.

In the case of LINK, the rally is an extended one. The trade volume was up over 11% in the past 24 hours. The concentration by large HODLers is at 78% and the network has $2.38 Billion worth of transactions over the past week.

Source: https://ambcrypto.com/matic-solana-chainlink-this-makes-it-likely-that-these-3-alts-will-make-this-price-movement/

As prices are pleasant in the market for LINK, this vision is in the short term, if in the short term considering the uncertainty in the market due to the fact that BTC rises and falls, as yesterday that rose 2.98% then under almost 4%, the fact that LINK shows this data, is a good omen where it is advisable to put the money or shelter it in the worst case.

[bitterguy28]

On the bright side, LINK is trading in green in a very shaky market. Looking at its performance, Chainlink is one of the highest trading cryptos today and it is still improving in the market. Still, I'm not convinced if that is the project I should invest in. I'm following all their updates and so on, but I would really appreciate your opinion on that.

2 years after this question , Now Link is really making its way on top.

Any update ? how much have you already gain now? it is not a joke having bought that long and hold.

Bullish article about LINK being ready to take off to new all time high.

https://www.fxstreet.com/cryptocurrencies/news/chainlink-price-forecast-link-positioned-for-new-all-time-highs-202105271700

So are we going to bet more?

[TokenForUs]

On the bright side, LINK is trading in green in a very shaky market. Looking at its performance, Chainlink is one of the highest trading cryptos today and it is still improving in the market. Still, I'm not convinced if that is the project I should invest in. I'm following all their updates and so on, but I would really appreciate your opinion on that.

2 years after this question , Now Link is really making its way on top.

Any update ? how much have you already gain now? it is not a joke having bought that long and hold.

Bullish article about LINK being ready to take off to new all time high.

https://www.fxstreet.com/cryptocurrencies/news/chainlink-price-forecast-link-positioned-for-new-all-time-highs-202105271700

So are we going to bet more?

Bet more on LINK if market confirmed the bull are back to its path. Before that i think the wise thing to do is wacth. I want to bet more but still wait for confirmation chart for btc. No matter how good LINK. When BTC fall it will follow. DCA also good strategy if you want to star now. All in is pure speculation.

[mich]

Link is up 20% this last week as it looks to break the resistance trend and continue moving upwards in price.

https://coingape.com/chainlink-link-price-6-will-break-resistance-trend-line-set-upward-journey/

[Coroline]

Here are some Sentiments on the Link:

-LINK is currently at a resistance point and must hold above the support area for another chance to break above the trendline resistance. Things will look really bad if we break the support and go below the previous low, making it even lower to confirm the downward trend further.

-Overall, LINK's onchain metrics are showing healthy signs after the reset. The capitulation has most likely occurred based on the exchange inflows and daily active deposits, which is ideal for forming a bottoming structure. That said, the price is at resistance at the moment and the next few weeks will finally reveal where we are going.

The sentiment above can be an indicator that the link is still in demand by investors, let's see in the next few weeks

[mich]

Here is a Bullish article for LINK for new people who may want to invest in the coin.

https://finance.yahoo.com/news/chainlink-why-important-world-cryptocurrency-110020716.html

[mich]

May was a good month for LINK integrating 55 new projects and now 567 Global projects.

https://en.ethereumworldnews.com/chainlink-link-integrated-by-55-projects-in-the-month-of-may/

[LUCKMCFLY]

For now it is very normal that LINK can take a bearish jump, but it is from the point of view that everything depends on BTC, however technical analyzes are always pointing to a downward movement according to this analysis:

Chainklink’s ROI over the past 30 days vs USD went down by 53.86% as the asset traded at $24.09 at press time. MACD Lines for LINK depicted a bearish crossover which can further push its price down. Chaikin Money flow highlighted that capital outflows were high as the indicator fell further down from -0.07 to -0.13.

Parabolic SAR’s dotted lines above the candlesticks pointed towards a bearish momentum at press time. These bearish trends might point towards a further price dip which can push the asset’s price to its next support at the $16.9 level.

Source: https://ambcrypto.com/bitcoin-cash-chainlink-monero-price-analysis-08-june/

It should be noted that LINK is one of my favorite currencies, for now the movements of BTC should be expected, if investors and LINK bulls make more effort, I think that the price of LINK will not fall so much.

[giammangiato]

For now it is very normal that LINK can take a bearish jump, but it is from the point of view that everything depends on BTC, however technical analyzes are always pointing to a downward movement according to this analysis:

SNIP

all coins are addicted to bitcoin, even ethereum which is shilling as an ecological coin (see JP Morgan)
but compared to other coins (such as shiba) LINK has a really interesting use and has only one competitor

[mich]

LINK has announced Keepers to help out with their smart contract functions.

https://blog.chain.link/chainlink-keepers-open-beta-is-live/

[ilovealtcoins]

Chainlink is an ORACLE blockchain that provides data to DAPPs. There are more and more DAPPs so Chainlink has a larger usage environment, so the value of this project has continuously broken ATH over time. I think in the future Chainlink will grow even more.

[mich]

LINK is up 8% this week and up 12% in the last 24 hours.

https://finance.yahoo.com/news/chainlink-why-important-world-cryptocurrency-180020182.html

[LUCKMCFLY]

This reading has caught my attention, because LINK has enormous potential, now if we take into account that the price of BTC can skyrocket to about $ 50k, is it likely that LINK will reach 40USD? Or due to the impending Breakout:

ChainLink (LINK) has been increasing since bouncing above the $19 support area on May 23. However, it has yet to reclaim any important resistance levels.

It is trading inside a short-term descending parallel channel, from which a breakout is expected.

Source: https://beincrypto.com/links-impending-breakout-could-take-it-to-40/

I think that LINK now represents an opportunity, if BTC explodes in a bullish trend, LINK can give a higher price.