Is Chainlink (LINK) a good investment?

[Xinarae*]

I think chainlink is a very good investment for the long term, because this altcoin has very good prospects, its movement is increasing day by day, and this is an opportunity to buy chainlink because the price is going down due to the chaotic market situation,

It is better to hold on for a long time but there is no guarantee of how much it will go up. The market is down a lot now altcoins are cheaper you have to invest by looking at the exact situation of the market.

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[LUCKMCFLY]

The behavior of LINK is very similar to that of XRP, it has not had much movement, in fact it has been behaving very laterally, but based on LINK has a large community it is likely that at any time the bulls decide to give pleasant surprises for the currency :

Chainlink (LINK) is trading similarly to Litecoin (LTC) as it is also located in the sideways range. At the moment, the altcoin is closer to the support zone than to the resistance which means that its breakout can lead to a sharp decline to $14

Source: https://u.today/btc-xrp-ltc-link-and-xlm-price-analysis-for-july-5

LINK represents one of the best currencies for investment at the moment, it is necessary to emphasize that the probable intention of a price subri still remains, and it is most likely that it will occur in the medium term.

[Wong Gendheng]

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.

Agree that LINK is a good token for the long term, as investors we have to wait patiently, I bought LINK in January at a price of $ 13 and panic sell because the price skyrocketed to $ 35 in April and I got profit almost 3x, and a few days ago bought at that price $22, still a loss because the current price is $19, hope LINK rise again.

[LUCKMCFLY]

LINK has had very good news for its fans and investors, it has risen more than 6.5%, which is not bad at all, it is necessary to point out that those who bought in the dip did not do it bad at all, it is expected that it can recover its price from $ 22:

Chainlink too has moved sideways for a while now. The altcoin, however, was up by 6.5% over the last 24 hours. Despite moving laterally, the digital asset hit a new weekly high of $19.68 at press time. The 4-hour trading chart revealed that the coin might just be on the verge of an upswing as it can soon break past its $22 resistance level.

Source: https://ambcrypto.com/ethereum-polkadot-chainlink-price-analysis-06-july/

LINK investors expect another great movement of this style, some are buying for now, it all depends on the movement of BTC, if everything goes well LINK will start to shine more.

[Shasha80]

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.

Agree that LINK is a good token for the long term, as investors we have to wait patiently, I bought LINK in January at a price of $ 13 and panic sell because the price skyrocketed to $ 35 in April and I got profit almost 3x, and a few days ago bought at that price $22, still a loss because the current price is $19, hope LINK rise again.

Two months ago LINK managed to reach the ATH price of $52, this is a great achievement for LINK. Although now the price of LINK has dropped
drastically to the price of $ 18, but I am still optimistic that LINK will recover again. But we really have to be patient waiting for the LINK price
to go up, because as usual the price of altcoins will go up if the Bitcoin price goes up. So to wait for the LINK price to go up, we have to wait for
the Bitcoin price to go up first. So for those of you who have bought LINK at a price of $ 22, there is no need to panic and sell the LINK you have.
Just HODL the LINK you have, definitely before the end of the year I'm optimistic that LINK can return to the price of $ 52 again.

[LUCKMCFLY]

Well, this update is something important, because it is clear that the price of UNI has been in a great rise, many people who have bought in the midst of all this uncertainty, perhaps the price of UNI is something attractive for a lot, a bullish movement may be brewing for this coin and that is why it is growing so much:

Buying pressure in the market increased considerably as per the Relative Strength Index. At press time, the crypto-asset was overbought, but a slight decrease in buyers was seen too. In correspondence with the same, the Chaikin Money Flow also registered a slight fall in capital inflows.

The Parabolic SAR underlined that an uptrend was still in play as the dotted markers were found well under the price candles.

If BTC continues to rise, I believe that UNI could be a bomb currency in the market, the bulls are determined to take this currency to the top, apparently the price of BTC is not important to them much, in any way it is my perspective, only it I see from the most optimistic point of view of the market.

[LUCKMCFLY]

Now UNI has a very good demand, in fact the buyers are putting a lot of pressure, although now the bears are losing strength for UNI, I think that BTC will continue to grow in price, if so, good things will continue to come for UNI investors:

The 20-day EMA has started to turn up and the RSI has risen above 56, indicating that buyers have the upper hand. There is a minor resistance at $25 but if this level is crossed, the UNI/USDT pair may rise to $27 and then $30.

Source: https://cointelegraph.com/news/price-analysis-7-7-btc-eth-bnb-ada-doge-xrp-dot-uni-bch-sol

At this time, many are already enjoying gains from UNI, in addition there is a green candle on the chart, which means that it may continue to rise, the bulls of UNI are in full swing, their strategy is working very well .

[LUCKMCFLY]

I would like to refloat this thread, because after reading this article certain emotions may move in some and allow a favorable movement to occur for LINK investors, some intuit that there may be a bullish movement, also the market is in these moments about to explode, it is very likely to happen, however it is always good to take precautions:

The behavior of whales buying into LINK supports the bullish outlook. Data from on-chain analytics platform Santiment shows that the buying pressure behind Chainlink has dramatically increased in the last few months, with addresses holding between 1 million and 10 million LINK now holding 167.7 million tokens.

Source: https://cryptobriefing.com/chainlink-looks-ready-start-new-bull-rally/?utm_source=main_feed&utm_medium=rss

Well seeing this analysis in all its glory, but LINK is taking a good path towards the bullish trend, if BTC rises more it could give pleasant surprises for its investors, everything is a matter of waiting.

[andyou1234]

In my opinion, chainlink is one of the altcoins that has very good potential and prospects, of course it is very appropriate to be a long-term investment, because this altcoin is able to survive and develop well, a few months ago LINK managed to make its ATH of $ 52, although it had dropped  under $20, but since link is a decentralized altcoin the price is currently back up to $27, if you look at its development I believe LINK will be able to create a new ATH next year,

[domoy77]

In my opinion, chainlink is one of the altcoins that has very good potential and prospects, of course it is very appropriate to be a long-term investment, because this altcoin is able to survive and develop well, a few months ago LINK managed to make its ATH of $ 52, although it had dropped  under $20, but since link is a decentralized altcoin the price is currently back up to $27, if you look at its development I believe LINK will be able to create a new ATH next year,

If you only look at coins that have resilience and can develop very well, then the choices can be very large and not only Link will fall into this category, because with ATH at $52 and falling below $20, this indicates that resilience is still not so powerful and repairs in just a few bucks and even then it's still half the ATH price Link has ever achieved.