Chainlink [$LINK] is a Sleeper
Since the peak just under $20, everybody's eyes seem to have drifted away from this coin, even though its already up 684% YTD at the time of writing. Other coins like YFI stole the spotlight, but now LINK is making a great return. We can see Operation Make LINK Great Again after touching the bottom support at $9.76 and reversed right from there. Breaking through $10, $11.50, and now currently just gained $12.77 as support. Link has beautiful upside potential. Chainlink is a giant sleeper.
What is Chainlink?
Chainlink is a decentralized oracle network that serves as a middleman between smart contracts and external data sources. That allows smart contracts to secure off-chain data feeds actively.
LINK operates as a utility token inside the Chainlink ecosystem. The protocol uses it to reward node operators for providing services. Meanwhile, nodes can also stake LINK as collateral to provide oracle services. The staking functionality is looking to go live by the end of the year.
LINK could offer more than just live data feeds, primarily off-chain computations, interconnect smart contracts via APIs, and a gateway for enterprises to collect data from different blockchains.
What are the LONG Targets?
TP1 🎯 $13.8799
TP2 🎯 $14.4586
TP3 🎯 $15.4438
Entry along $12.77 support and please remember to set SL's.
Thank you
As always please do your own research, I am nota financial advisor.
What is Chainlink?
Chainlink is a decentralized oracle network that serves as a middleman between smart contracts and external data sources. That allows smart contracts to secure off-chain data feeds actively.
LINK operates as a utility token inside the Chainlink ecosystem. The protocol uses it to reward node operators for providing services. Meanwhile, nodes can also stake LINK as collateral to provide oracle services. The staking functionality is looking to go live by the end of the year.
LINK could offer more than just live data feeds, primarily off-chain computations, interconnect smart contracts via APIs, and a gateway for enterprises to collect data from different blockchains.
What are the LONG Targets?
TP1 🎯 $13.8799
TP2 🎯 $14.4586
TP3 🎯 $15.4438
Entry along $12.77 support and please remember to set SL's.
Thank you
As always please do your own research, I am nota financial advisor.
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