Crypto Bullrun 2021: Chainlink is probably one of the most popular Ethereum tokens out there, at least by look market cap rating rankings all the way up at the top. And it just seems like along with what Ethereum is achieved. Chainlink has had a big 2020 and chainlink is actually for a long time in 2020, even after all the craziness earlier in the year. It seemed like there wasn’t a lot of movement for any of these prices.
And then all of a sudden, out of nowhere, chainlink just took off like a rocket, eventually getting all the way up to around twenty dollars when it was started like under four dollars at the beginning of the year. That was a crazy upward price movement. It’s one of the most exciting things when in the cryptocurrency space.
So with chainlink, the price obviously came down again. It wasn’t going to stay up in the twenty dollar mark forever. I think it will get back to that eventually. And I think this kind of just put a lot of people on notice that this project is here to stay. But along with price action, you have to understand why these things are happening.
Chainlink Price Prediction 2021
And a lot of it is because investors think that the actual technology is sound. There are so many different cryptocurrency technologies. So there’s a lot to sift through. Because that’s essentially what happens with all coins. It’s either that you use it to buy more Bitcoin or you just get rid of it where it is to get more Bitcoin.
It always seems like it’s going back into Bitcoin. And because of that reason, I do think you’ll eventually see Bitcoin rise when a lot of these all coins fall. But I think chainlink is a rare breed in the fact that I think it can go up with Bitcoin. How I think it’s going to have a big twenty twenty-one. I’m not a believer long term in XP. I just don’t think that what they’re trying to do.
I don’t think we’re going to have those problems for very long with these cross-border payments, because if we’re all if mass adoption of cryptocurrency actually happens, what’s cross-border payments are no longer a thing, right? I mean, you can send crypto whoever you want. But in the meantime, I do think XP has some intriguing qualities that could make for twenty twenty-one Bullrun. But back to Chainlink, I think chainlink is going to have a massive twenty-one.
I will be allocating some money within that thousand dollars to chainlink. Again, this is not financial advice, guys, this is just my opinion, I just like to share my perspective on a lot of these different crypto projects that we’re looking into because everyone has their own perspective and everyone does their own types of research. And everyone looks at all these charts and data differently and analyzes them differently.
But I do think 2021 is going to be intriguing and I want to keep an eye on chainlink. So I just want to make that there will be a lot more chainlink content in the future. And it’s something to keep an eye on because it’s just this sector. There’s not a lot of other projects like Chainlink. We talked about band protocol and I think band protocol might be one of the only real competitors that chain like at this point.
There are some other ones as well. That is that is not completely a monopoly, but a chain-link. And it’s Oracle Network. It’s a very unique setup. And I love the way it’s structured and I love the way that it’s built on top of the etherial network. So you have that kind of backing it if you will. So it’s just something that I really think everyone should keep an eye on. And it’s going to be mostly about Bitcoin in twenty, twenty-one, at least in the mainstream media.
And I like that because that really shows in a very manageable a lot of people, if they’re looking to invest, they may have a thousand dollars to invest. You’re not going to find a ton of people that have, you know, an extra 50 K to invest. None of us are that long. And I’m not that lucky. A lot of us are not that lucky. So when you have a thousand dollar video, that is something you can actually put into action.
I will agree that the price of a link coin right now is a little more than I would have liked it at this point, because I do think there’s going to be in the future some better dips, better buying opportunities.
But overall, I really think the twenty, twenty-one is going to be fun. And I think that if you have some chainlink, I personally would recommend holding on to that. Again, not financial advice, just my opinion. But I do think that twenty-one is going to be very fun vaginae for chainlink and there will be a lot more content related to the project