Chainlink’s LINK Is Fast Approaching $10; Up 9,200,000% from the March Lows
Chainlink continues to be decoupled from bitcoin and the rest of the cryptocurrency market.
While the crypto market is recording slight losses, the digital asset LINK is moving in another direction altogether. It has hit a new all-time high today at $9.73.
With this new peak, LINK has broken the previous high at $8.60 hit in mid-July that led to a pullback to about $6.65. Santiment noted,
“LINK is showing signs of life while BTC and most of crypto is sliding back slowly.”
“One thing to keep an eye on is trading and social volume in relation to its price direction. An increase appears to be starting, which is correlating with this rise.”
Only $LINK holders will be permitted to the upper echelons of society. Nolinkies will be shunned, socially and financially. At best forced to become servants to the new upper class. At worst executed for crimes against the $LINK empire. pic.twitter.com/n8C2VCXbvM
— Hsaka (@HsakaTrades) August 4, 2020
However, since hitting a new ATH, LINK has gone down a bit in the past hour, now 3% off of its ATH at $9.42, but still up 10.50%.
In the past month, the cryptocurrency has jumped 95% and is up 414% YTD that has LINK become the ninth-largest cryptocurrency by a market cap of $3.3 billion.
Given these new gains that started anew last week, LINK marines have taken it personally to make the price do exactly opposite of the extreme bearish call made by Zeus Capital.
Zeus Capital are actually long and have just learned how to harvest Crypto Twitter’s fuck-you-memers into creating a perpetual money machine pump force
— KING CO฿IE (@CryptoCobain) August 4, 2020
LINK has actually been on a parabolic run — surging more than 9,200,000% from its March lows, a sell-off seen in the entire crypto market and other asset classes ranging from stocks, bonds, and commodities.
— Alex (@classicmacro) August 4, 2020
“A $10 limit order there would have resulted in 920K now. But whoever bought that was likely an algo that flipped it quick,” noted trader and economist Alex Kruger. “I bet though some people had left old forgotten orders in the cents, and discovered the long much later. It happens,” he said.