/biz/ - Business & Finance

>>29644434

>>29548430

>>29093617
Here you go, here's a realistic price chart. Chainlink SHOULD be around 35-42 right now, it's underperforming.

This graph has been pretty accurate so far in predicting Chainlink's price. Chainlink is currently #9 and we have a 1.58T marketcap as of now.

Any update on this image?

V

>>25821748

is this real

As always, the point of this chart is just a simple thought experiment: "What would the price of LINK be if the crypto marketcap was X and link was at rank Y?" This isn't meant to be predictive, I'm not saying we are gonna hit a particular rank/mcap, just putting some perspective on what it would take to get there.
In addition to the price of link at the % dominance of current coin ranks, the rows with the price of link if it hit the historical % dominance that different altcoins (BCH, XRP, ETH) hit at their respective peak % dominances. Note: not peak price, peak dominance.
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What I think this chart (and link price action) is saying right now:
1. Certainly the most brutal and obvious thing: At our current rank/% dominance, even if the total crypto marketcap were to reach previous ATH, it would only bring us to 22$. Barely above the previous peak. That’s a harsh toke, and it’s clear that taking some profits at 20$ would have been correct. I definitely have learned from this experience. I was fine on the 4$-1.50$ pullback, but this one hurt a lot more, these are real amounts of money now. I’ll hold back to 20$, and any rallies to 30-50$ I’ll be seriously considering taking some profits along the way. All that said, anyone panic selling right now is an absolute retard, now is the time to accumulate again.

2. 1000$ eoy is a meme, for this year at least. Keep critical of link, this is an amazing project and investment but there's always a chance things could go wrong. Plan the circumstances under which you will sell in advance.

3. As always, if Link ever has a 'mania', the price could get crazy. If link hit the % dominance that BCH, XRP and ETH hit at their peaks, that's putting us in the 100$-200$ price range, even just with the CURRENT market cap. Those rows are still hopium for now though.