Skip to content
Herald Sheets

Herald Sheets

Live Cryptocurrency News

Follow Herald Sheets on Twitter, Facebook, Telegram, Please Read Our Disclaimer

  • Homepage
  • Start Trading
  • Guide
  • Crypto News
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Ripple (XRP)
    • Dogecoin (DOGE)
    • Cardano (ADA)
    • Litecoin (LTC)
  • Analysis
  • Blockchain
  • Mining
  • Reviews
    • Brokers
    • Exchanges
  • Regulation
  • Press Release
  • About Us
    • Contact Us
    • Privacy Policy
    • Submit Press Release
  • Disclaimer
  • Blockchain
  • Cryptocurrency
  • News

Analyst: Chainlink (LINK) Is Poised To Hit $32 by the End of 2020; Reason behind Its Bullish Trend Revealed

Solomon Odunayo August 12, 2020 3 min read
Tech Firm Using Chainlink (LINK) To Record United States Election Results on the Blockchain

A chartered financial analyst, Timothy Peterson, has recently stated that Chainlink (LINK) is poised to hit $32 by the end of the year.

Chainlink’s native token LINK has been enjoying a favorable price trend over the past few weeks. The performance of the digital token has attracted vast numbers of crypto traders and investors, pondering on where it’s heading.


trade now

The recent price gain of LINK token was enough to displace Bitcoin Cash (BCH) from the 5th position in terms of market capitalization.

Chainlink (LINK) Is Poised For Further Gains

According to the analyst Timothy Peterson, LINK’s recent parabolic movement has the potential to consolidate for further gains.

Peterson aired his opinion via his official Twitter handle on 9th August 2020, when the digital token was priced around $14. At the time of publication, LINK is trading at $15.65, with about 23% price upsurge in the last 24 hours.

Going by his account, LINK seems ready to keep up its parabolic price movement and surge to attain $32 by the end of this year.

Howbeit, Peterson averred that Chainlink (LINK) may fail to sustain such a height.

Timothy Peterson noted:

“Did some quick analysis of chainlink’s network growth rate and historical deviations in price put LINK at $32 by end of year, but that price would not be sustainable. Investors who buy at high levels risk losing 50% of their investment or more. Most growth priced in already.”

Researcher Reveals Reason behind Chainlink (LINK)’s Huge Uptrend

The growth and development in the Chainlink community indicate that the significant increase in the price of the LINK token is not just a pump. Chainlink has been able to make its decentralized oracles the industry standard with a number of fantastic deals.

Chainlink has Tezos, Google Cloud team, and major DeFi players such as Kyber Network, Synthetix, AVA, and many others leveraging its data feeds.

Analyst: Chainlink (LINK) Is Poised To Hit $32 by the End of 2020; Reason behind Its Bullish Trend Revealed

According to Wilson Withiam, a researcher at Messari, this approach has been more successful than the “announcements of announcements” approach often used by the CEO of Tron (TRX), Justin Sun.

He noted:

“Chainlink is writing the go-to-market playbook for the oracle sector, which amounts to building a massive pipeline of future integrations & market them hard It has amassed almost 200 such partnerships since mainnet launch, with 100+ projects signed on to plug into its data feeds.

“But announcements are easy. The initial promise doesn’t always come to fruition. Ultimately, the market wants results. The Tron strategy of announcing an announcement has become seen as nothing more than a dog and pony show.

“Chainlink hasn’t disappointed on this front. Over 30 projects have fully integrated Chainlink data feeds, most of which went live within the last month. Chainlink has quickly become the de facto choice for DeFi platforms and applications looking to outsource their oracle needs…”

Join us on Twitter

Join us on Telegram

Join us on Facebook

Trade Now

HeraldSheets.com produces top quality content for crypto companies. We provide brand exposure for hundreds of companies. All of our clients appreciate our services. If you have any questions you may contact us easily with Herald Sheets Facebook Messenger App. Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors and the views expressed in them do not reflect the views of this website. Herald Sheets is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Read full terms and conditions / disclaimer.

Continue Reading

Previous: IOHK Kicks Off First Phase to Decentralized Governance of Cardano Network
Next: Crypto Whale Successively Moved 2 Billion TRX in 4 Batches

Related Stories

Kin Foundation Develops a Solana-Based Application Kinetic for Developers
2 min read
  • Cryptocurrency
  • News
  • Solana (SOL)
  • Technology

Kin Foundation Develops a Solana-Based Application Kinetic for Developers

January 31, 2023
Deribit Exchange Considers Moving To Dubai JETbitX assets
3 min read
  • Binance
  • Blockchain
  • Crypto Trading
  • Cryptocurrency
  • Decentralized Cryptocurrency Exchange (DEX)
  • Metaverse
  • News
  • Regulation

Deribit Exchange Considers Moving To Dubai

January 31, 2023
Crypto Mixers Laundered $7.8 Billion In 2022 – Chainalysis Report
2 min read
  • Blockchain
  • Crypto Trading
  • Cryptocurrency
  • Decentralized Cryptocurrency Exchange (DEX)
  • News
  • On-chain Data & Analysis
  • Regulation
  • Scam / Hack

Crypto Mixers Laundered $7.8 Billion In 2022 – Chainalysis Report

January 31, 2023

Top 10 Crypto

Name Price24H (%)
bitcoin
Bitcoin (BTC)
$23,140.00
-0.50%
ethereum
Ethereum (ETH)
$1,592.55
0.34%
tether
Tether (USDT)
$1.00
-0.20%
usd-coin
USD Coin (USDC)
$1.00
0.00%
binancecoin
BNB (BNB)
$312.59
0.91%
ripple
XRP (XRP)
$0.404216
0.51%
binance-usd
Binance USD (BUSD)
$1.00
-0.01%
cardano
Cardano (ADA)
$0.393804
3.06%
dogecoin
Dogecoin (DOGE)
$0.093629
7.65%
polkadot
Polkadot (DOT)
$6.29
-0.26%

Recent Posts

  • Kin Foundation Develops a Solana-Based Application Kinetic for Developers
  • Deribit Exchange Considers Moving To Dubai
  • Crypto Mixers Laundered $7.8 Billion In 2022 – Chainalysis Report
  • Charles Hoskinson’s Health Clinic Will Support ADA Payments
  • Celsius Diverted Customer Funds to Settle Withdrawals
  • Bitcoin and Ethereum Prices Drop as Market Prepares for Fed Rate Hikes
  • SEC Commissioner Wants Consistent Legal Framework For All Digital Assets
  • Binance Team Up with MasterCard to Introduce Prepaid Crypto Card in Brazil
  • Norway Emerges Europe’s Largest Crypto Mining Hub
  • BlockFi Receives Court Approval To Pay $10M Bonus To Staff
  • Windsor Brokers Review – Is Windsor Brokers Scam or a Proper Broker?
  • The White House Calls For Public Opinion Over Proposed Crypto Policy
  • Investors Take Legal Action Against Argo Blockchain
  • DeFi Protocol OracleSwap Says Its Private Keys Have Been Compromised
  • El Salvador’s BTC City Wins Global Award For Its Architectural Design

Categories

You may have missed

Kin Foundation Develops a Solana-Based Application Kinetic for Developers
2 min read
  • Cryptocurrency
  • News
  • Solana (SOL)
  • Technology

Kin Foundation Develops a Solana-Based Application Kinetic for Developers

January 31, 2023
Deribit Exchange Considers Moving To Dubai JETbitX assets
3 min read
  • Binance
  • Blockchain
  • Crypto Trading
  • Cryptocurrency
  • Decentralized Cryptocurrency Exchange (DEX)
  • Metaverse
  • News
  • Regulation

Deribit Exchange Considers Moving To Dubai

January 31, 2023
Crypto Mixers Laundered $7.8 Billion In 2022 – Chainalysis Report
2 min read
  • Blockchain
  • Crypto Trading
  • Cryptocurrency
  • Decentralized Cryptocurrency Exchange (DEX)
  • News
  • On-chain Data & Analysis
  • Regulation
  • Scam / Hack

Crypto Mixers Laundered $7.8 Billion In 2022 – Chainalysis Report

January 31, 2023
Charles Hoskinson’s Health Clinic Will Support ADA Payments
3 min read
  • Cardano (ADA)
  • Cryptocurrency
  • News

Charles Hoskinson’s Health Clinic Will Support ADA Payments

January 31, 2023
Copyright © All rights reserved. | DarkNews by AF themes.
  • RelevantRelevant(REL)$0.825.35%
  • TadpoleTadpole(TAD)$7.32-1.74%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184213-2.11%
  • SakeTokenSakeToken(SAKE)$0.0127135.28%
  • WTF TokenWTF Token(WTF)$0.0113500.17%
  • BNSD FinanceBNSD Finance(BNSD)$0.005461-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%