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/biz/ - Business & Finance

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57512318 No.57512318 [Reply] [Original]

But the question is... why? There was no news, nothing has fundamentally changed about the market. In fact, the market is doing poorly.

Whale games? Insider trading? I don't trust it, it all will return to nothing because it's based on nothing. $14 again by the end of the week is in play but I don't have the balls to short.

>> No.57512332

CCIP in approximately a fortnite.

>> No.57512343

>>57512318
Price bad

>> No.57512346

CCIP is going public access any day now

>> No.57512347

>>57512318
Short squeeze

>> No.57512351

>>57512318
The real question is why it didn't pump for two years despite having every reason to.

>> No.57512362

Because BTC is about to dump (check the chart; it's obvious). So the whales do an "exit pump" of sorts on LINK just before the BTC dumpage starts. Simple. Then the retards who failed to sell their LINK during the pump, or are hoddling from higher up, blame BTC and say it's dumping to suppress the LINK pumpage.

>> No.57512378

>>57512351
Is this so hard to understand? The Tokenomics are shit and the team constantly dumps the pumps.

>> No.57512392

If you know, you know

>> No.57512411

>>57512318
nothing is priced in

>> No.57512428

>>57512318
News doesn't pump coins. Coins pump and people look to find news to explain it.

>> No.57512514

>>57512378
Nobody is buying that narrative
Sol diluted way more and had big gains in spite of it

>> No.57512549

>>57512318
>think Richard Heart
shhhh

>> No.57512705

Pump? Lol so much delusion. Link was $20 in 2020 while Eth was $300

>> No.57512996

>>57512514
Sol tokens are literally poker chips used for gambling.
Tell me, when have you ever had to buy link tokens to use them for something? The answer is never.
Token not needed

>> No.57513083

>>57512318
It pumped as sergay is dumping again. As it has consistently since it's creation.

>> No.57513117

>>57512996
You dont need Sol at all to buy Sol tokens
Well you need around 1 dollar for all gas fees
Thats why alt l1 hype is so stupid it was based on the Ethereum hype which was based on it beeing used for Liquidity when stables were not big and its great tokennomics. And you actually need some Ethereum for the gas fee
I cant believe 2021 newfag alt1 holders are the Link fudders.

>> No.57513123

Not a single person has a valid explanation so far ITT
I'd love to know why as well

>> No.57513124

>>57512428
This is the case 90% of theJKVDK time.

>> No.57513127
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57513127

they had a conference in phx AZ for 3 days and dropped a million $$$ where they hyped each other up.

there were suprisingly very few women and minimal diversity hires.. about 75% White males

>> No.57513150

>>57513123
I can explain it
More people did buy then sell

>> No.57513184

>>57512332
>>57512346
why do you guys say this? I don't see any evidence of such. I also don't even see things like Xswap which are currently on CCIP being used much unless all those Dune dashboards are just wrong/broken (which may be the case)

>>57512351
Fair question but I don't think really makes my question any less meaningful.. in fact it only adds to the mystery. Won't pump on great news constantly but all of a sudden out of nowhere.. boom? Makes no sense.

>>57513150
a man of science

>> No.57513203

>>57512318
Wasn't there some news like 10 ish days ago about there being a record low amount of links available on cexes?
That's the only thing I recall

>> No.57513234

>>57513184
a small swap recently went live using ccip. there was a thread about it the other day.

>> No.57513237

>>57513203
Not quite what I said, but this is what I was thinking about:
https://www.binance.com/en/feed/post/2024-01-15-chainlink-s-link-token-experiences-notable-recovery-as-supply-on-exchanges-hits-4-year-low-2785377563714

>> No.57513459

>pump
>$1 less than it was 4 years ago, meanwhile rest of the market is up 5x.
>pump