ChainLink (LINK) is having its own altcoin season – over and over again. It is known that LINK is moving against the trend, conducting a similar rally in the second quarter.
LINK is now up more than 49% in one week, hitting $ 2,88 again, with an easy forecast of $ 3. LINK has managed to grow to $ 3,74 and may repeat this record. LINK also rallies against bitcoin (BTC), already breaking its own record to surpass 34 satoshi.
(1) PARTNERSHIP WITH SWIFT
ChainLink claims to be working on a joint project with SWIFT, a leading interbank payment system. LINK talked about such a partnership for a long time, but about a week ago the news was repeated on social media and added to ChainLink's official website.
$ LINK has now confirmed that they are working with SWIFT on their API based payment system.
This is HUGE
- Sir None Of YourBUDnez 🇨🇦 (@ CryptoAlex420) October 6, 2019
The tweet sparked renewed interest in LINK, which extended the rally of past months.
(2) BINANCE-ORIENTED TRADE
LINK was one of the few tokens added to Binance without a listing fee, simply based on the merit of the project. ChainLink is one of Oracle's outstanding projects that aims to provide reliable real-world data for smart contracts. But the quality of the project is not everything. LINK is one of the few tokens where Binance trading, often supported by bots or FOMO, can affect the price through a concerted effort.
(Xnumx) TRUE BELIEVERS
With a notable lack of pumps for other altcoins, LINK stands out. And each meeting raises the community of true believers. Simply put, traders believe in LINK, and LINK attracts buyers who expect them to become rich.
Dear no linkers, prepare to stay poor. $ LINK will be number 1 in our lifetimes hell before even 5 years is up. Not even the experts or Sergey himself has any fuckin idea what exactly he has created. He has literally chadded a planet eating entity out of thin air. #4IR
- Chadbased Mike the Link Marine ⬡ (@chadbasedmike) October 7, 2019
The most ambitious predictions see LINK going up to prices similar to Ethereum (ETH) in triple digits. LINK is still a long way off, but its graph looks much better compared to stagnant altcoins.
(4) POTENTIALLY LARGE STATEMENTS
All of ChainLink's developers are based in Osaka, and may have made a big splash at DevCon 5. This only adds to the buzz around LINK, accelerating price increases. One of the important milestones expected for the project is the breakdown form adding a new source of benefit to LINK tokenomics.
Link #Chainl $ LINK Staking is coming pic.twitter.com/mUVnNOMcnY
- The BullishMan ⛓ (@saturdaybegins) October 8, 2019
The betting feature just added to ChainLink GitHub , is another element that attracts the community of true believers.
(5) FITTING A LARGE PUMP
It's too early to tell if LINK will join Valhalla with the large cap coins. The Chainlink project sees heavy shilling on social media. LINK is also part of the coin selection on Binance.US, gaining access to a new stream of enthusiastic traders. LINK remains a very risky asset, with significant potential for now, but with the potential to wipe out its profits.
What do you think of LINK performance? Share your thoughts in the comments section below!