Why This Blue Chip Cryptocurrency’s Parabola Is Approaching a Brutal End
Chainlink’s Astronomical Rise to Blue Chip Status From the very bottom of Chainlink’s 2018 bear market low, the altcoin had an incredible, over 2,300% climb to its all-time high price of just over $5 per LINK token on the LINKUSD pair. The seemingly unstoppable altcoin rebounded nearly to the same level as before, but stopped short of another record, instead setting a lower high and kicking off what might be the start of brutal distribution and profit-taking after two years of solid performance.
The tool has been highly accurate across many years of cryptocurrency market price action, calling many tops and bottoms before the trend changes occurred. Related Reading | Why the Crypto Market’s Hottest Altcoin Chainlink May Lose its Momentum The earliest Chainlink investors bought into the asset at just 15 cents under two years ago.
