$LINK as the absolute leader in the oracle track, can we still bottom out now?
I believe many brothers have recently noticed the strong surge of LINK, so today, Sister Hui will briefly discuss the reasons behind LINK's explosive rise.
As the leader in the oracle space, LINK experiences significant gains in every bull market, and recently LINK has launched a brand new reserve mechanism. Simply put, this means that the service fees paid by enterprises and DApps are automatically converted into LINK and deposited into an on-chain reserve pool.
This implies that future earnings will be continuous, and the market's selling pressure will diminish. This can be seen as a recent deflationary benefit for LINK.
From the daily chart, it has completely entered an upward trend. Sister Hui has been notifying fans to build positions since around $19 on the 8th, and currently, the minimum increase is at least 30%.
You ask if it's suitable to build a position now? Compared to the points I recommended, it’s definitely not appropriate! Therefore, cautious investors can wait until the U.S. stock market opens or until a drop over the weekend, and then look for entry positions.
Although I am optimistic in the long term, having a good entry point is also extremely crucial. Observant fans should have noticed that every cryptocurrency I recommend has strong backing from funds. If the next wave of the market presents an opportunity, Sister Hui will continue to notify fans at the first moment, so please stay tuned!!!
#山寨季何时到来?
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