Citing Facebook’s Trajectory, Pundit Says Trillion-Dollar Chainlink Market Cap Is “Doable”

Citing Facebook’s Trajectory, Pundit Says Trillion-Dollar Chainlink Market Cap Is “Doable”
фото показано с : zycrypto.com

2021-3-12 12:17

Chainlink (LINK) took the crypto space by storm in 2020. After rising to a high of almost $20, it rose to become the 5th largest coin by market cap. Although it has since dropped to the tenth position, analysts remain hopeful about its future.

According to crypto analyst Timothy Peterson, the token could reach a market cap of $1 trillion in 10 years. He compares this to Facebook which took the same time to reach $1 trillion. Peterson says this is entirely “doable” for LINK.

Substantial return on investment

LINK currently trades at $30.88 per token with a market valuation of $12,738,236,341. The total return on investment to date is estimated at 19650% according to CoinMarketCap. Peterson says the Market Cap reaching $1 trillion will bring another 10,000% ROI. This equals an annual ROI OF 58% and a price of $3,000 per token in the next decade.

LINKUSD Chart By TradingView

The Chainlink network has been growing just as fast as its price. This may be driven mainly by the growing demand for Oracle networks like it. LINK has gained at least 50% in 2021 and still remains one of the most promising.

This is in spite of the increase in circulating supply which is over 22 times that of Bitcoin and 3.5 times that of Ethereum. This is not surprising as the rising number of node operators need LINK to function. This keeps demand for the token high.

Rising demand for DeFi could sustain growth

As the world keeps growing technologically, attention is shifting to decentralized finance. This is because of the ease of use and the fact that no central control is required.

Chainlink is already the lead in this ecosystem and the growth will only help to foster its growth in the coming years. However, whether it will hit $1 trillion in 10 years remains to be seen.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Market.space (MASP) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 MASP

market chainlink cap although coin largest rose

Источник: zycrypto.com

market chainlink → Результатов: 126


It is interesting to note a fundamental change in the way Chainlink's market is operating

Akin to many in the altcoin market, Chainlink too witnessed a substantial price correction in the past week, after having shed over 27 percent of its trading price on 22 April. However since then, in The post It is interesting to note a fundamental change in the way Chainlink's market is operating appeared first on AMBCrypto.

2021-4-25 11:00


ChainLink leads altcoin market surge; records 900% growth since May

The virtual asset industry is a large playing field which includes thousands of cryptos, with each one of them trying to establish their proficiency in the market. Bitcoin might be the dominant player in the system, but on the development front, there are certain lesser-known altcoins that have been making huge strides in their respective […] The post ChainLink leads altcoin market surge; records 900% growth since May appeared first on AMBCrypto.

2019-7-3 00:00


ChainLink (LINK) Price Analysis and Prediction 2019 – Market Completely Ignored The Mainnet Launch (June 3rd Update)

Daily LINKBTC LINK was one of the best performing altcoins in the first 3 weeks of May, going from 8k to 18k sats in less than 10 days and setting the new all time high in sats. However, it is right now in danger of giving it all back as the pullback protracted far more […] The post ChainLink (LINK) Price Analysis and Prediction 2019 – Market Completely Ignored The Mainnet Launch (June 3rd Update) appeared first on CaptainAltcoin.

2019-6-3 04:37


Bearish Price Action From BitTorrent and Chainlink [Price Analysis]

BitTorrent Analysis It is typically considered an extremely bearish sign when an asset fails to increase despite the market for the asset class recording significant price increases. This has been the case in both BitTorrent and Chainlink which have been failing to record strong price performances despite the cryptocurrency market recording its strongest price action […] Bearish Price Action From BitTorrent and Chainlink [Price Analysis] was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.

2019-4-11 13:04


Chainlink (LINK) surging: Don’t rush into buying, the pump phase is soon over

ChainLink has recently been performing really well in the market, so much so that it managed to briefly break into top 30 of the Coinmarketcap’s list of most valuable cryptocurrencies today. This positive price action which lasted ever since the beginning of last year’s December is showing no signs of stopping, as the token currently […] The post Chainlink (LINK) surging: Don’t rush into buying, the pump phase is soon over appeared first on CaptainAltcoin.

2019-1-15 19:17


Post-Christmas market recovery: Polymath (POLY) leading the way ahead of Tron (TRX) and ChainLink (LINK)

After reaching $146 billion on 24th, the whole market took a dive and trimmed $18 billion to drop to the weekly low of $127 billion on 25th before bouncing back up to the current $131 billion. The modest push to the north was led by Polymath, a platform that aims to be “Ethereum for security […] The post Post-Christmas market recovery: Polymath (POLY) leading the way ahead of Tron (TRX) and ChainLink (LINK) appeared first on CaptainAltcoin.

2018-12-26 07:52


Facebook’s New Director Of Blockchain Engineering Is Evan Cheng From Zilliqa & ChainLink

Evan Cheng has been formally selected to be the Director of Blockchain Engineering at the famous social network, Facebook. The blockchain expert has been working with ChainLink and Zilliqa. This time, it will be a lead builder as Facebook enter the distributed ledger market. Cheng To Work On Facebook This is one of the latest […]

2018-7-7 07:40


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Chainlink Signal Resurfaces: Is Another 31% Rally Coming?

On-chain data shows that a Chainlink signal that last preceded a 31% rally for the asset’s price has just reversed. Chainlink Age Consumed Metric Has Observed A Sharp Spike Recently According to data from the on-chain analytics firm Santiment, LINK has recently seen a significant movement from old coins.

Chainlink Retests $14: Here’s What Will Happen If Support Holds

Chainlink has registered some drawdown and has recently retested the $14 level. Here’s what might happen if support holds at this mark. On-Chain Data Suggests Resistance Is Thin At Higher Chainlink Levels As pointed out by analyst Ali in a new post on X, Chainlink is currently in a critical on-chain demand zone.

Analyst Predicts Chainlink Rally To $20 Based On This Pattern

An analyst has pointed out how Chainlink might be breaking out of a bull flag right now, which could suggest a rally toward $20. Chainlink Is Escaping Out Of A Bull Flag Pattern Currently In a new post on X, analyst Ali pointed out a breakout that may be forming in the LINK price chart.

Chainlink Declines 6%: Rally Over Or Is There More To Go?

The Chainlink rally has slowed down recently; here’s what the various LINK on-chain metrics look like to see if the surge has hope of a restart. Chainlink Has Registered Some Drawdown In The Past 24 Hours Just during the weekend, Chainlink had been floating above the $16 mark, but winds seem to have shifted for the coin in the past couple of days, as it has registered some drawdown.