Why LINK is pumping so hardly?

[Spaffin]

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.

[Bezobraznike]

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.

[Divinespark]

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?

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.

[Raflesia]

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

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.

[Findingnemo]

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/

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.

[Arkann]

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/

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 ".

[peter0425]

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?

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.

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

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.

[Findingnemo]

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/

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 ".

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.

[Ridwan Fauzi]

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?

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.

[onecall123]

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?

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.

[MCobian]

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.

[velive08]

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?

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

[piebeyb]

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.

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

[mandor]

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.

[chip1994]

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?

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.

[Easteregg69]

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


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

[Desscount]

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

[tetrisdancyo]

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.

[cosmofly]

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?

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.

[gbrendeh]

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.