Why does LINK rise (What price will LINK rise to)?
Why does LINK rise? This article comes from Xiao Zha\’s idle talk (ID: xiaonazha
Why does LINK rise? This article comes from Xiao Zha’s idle talk (ID: xiaonazha88), authorized by Odaily Star Daily.
Why does LINK rise? LINK is the native token of the decentralized oracle network linkProtocol. It has been listed on many mainstream exchanges, including OKEx, Binance, Huobi, etc. The reason why LINK can rise is because it is an open-source protocol. On the blockchain, each smart contract has a verifiable random hash value and timestamp, which can be used to predict the future development direction of the market; if there is no malicious attack, zero-knowledge proof can be used for confirmation to ensure the security and stable operation of the chain, and also ensure the security and privacy of the entire system. Therefore, it has become a common phenomenon for the price of LINK to plummet. As the price of LINK continues to fall and reaches a historic high, people are becoming more interested in whether LINK will have new value discoveries. What is LINK? LINK was first proposed by a new project developer named linkprotocol in January 2015, aiming to solve the problems of bitcoin transaction congestion and slow transaction speed. The vision of this project is to establish a secure and seamless user experience network system on the Ethereum blockchain. Its core team is led by former Coinbase engineer David Burkett, who is committed to building a complete infrastructure for blockchain applications. The project has now received more than $4 million in investment funding support, with investment institutions including Polychain Capital, Alameda Research, DCG, Fenbushi Capital, Paradigm, HashKey Group, SNZ and other well-known companies and individual investors. Why does LINK rise? At the end of 2017, LINK was listed as a non-securities definition by the U.S. Securities and Exchange Commission, which means that LINK is a completely different asset class. However, after more than a year, LINK has started to be favored by more and more people for various reasons, such as: (1) When it was launched in early 2018, the price of LINK was less than $0.01, and then it soared to $0.089; (2) Since its official launch in May this year, the highest price of LINK has reached $0.008. These factors have made LINK the largest cryptocurrency on the market, and even caused widespread discussions in the global media. But it only started in October last year. At that time, because the price of LINK was much higher than other altcoins, some people thought that Link was just a scam. Why does LINK have a rising trend? Why did LINK have a strong increase in the first quarter of 2019? First, from a technical point of view, LINK is more suitable for the current market conditions, and LINK also has strong anti-MEV properties, so it is more suitable for the current market environment. Secondly, as a decentralized financial product, LINK is very promising, although it has not reached any limit now, but this situation is still very hopeful, because LINK will soon enter the market’s field of vision.
What price will LINK rise to?
According to the founder of LINK, Bobby Lee, LINK has already started to rise in November last year. According to Bobby Lee, LINK is a token built on the Ethereum blockchain, so he believes that the future price of LINK will be very high.
Currently, according to Bobby Lee, how high can LINK rise to? From the chart, it can be seen that since May this year, the price of LINK has risen by more than 30%, reaching a highest price of around 3 USDT. But Bobby Lee also mentioned, will LINK continue to rise? I don’t know, but I think LINK still has a certain opportunity.
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