/biz/ - Business & Finance

>>14942547

I was getting sick of the baseless nulinker FUD that's been getting flung around the past couple weeks, devs exit scamming, coinbase and oracle pump totally wiped out, etc etc. Let me do you nulinkers (and maybe some of you limpwristed oldlinkers too) a favor:

There has been about a 28% retracement from the ATH of $4.50 (I'm not counting the wicks to $5 on coinbase). You're probably confused because $2.41 / $4.50 = .53 which looks like a 47% loss. But you need to take this with some perspective. Look at this image. This tracks LINK's market cap, dominance, rank, and performance relative to other alts since May. The performance is calculated by the change in LINK dominance over the specified period, divided by the change in total altcoin dominance over the same period. Here are some facts:

>LINK has crawled from Rank 42 to Rank 16/17 in 2.5 months and has been holding strong in that position for 3 weeks. It has lost just one, maybe two ranks since its ATH
>LINK dominance has tripled during the same time frame. LINK dominance has retraced only about 30% from its high of 0.46%.
>Link, as measured by total market dominance, has been outperforming other alts by a wide margin over most time frames in the past 2.5 months
>LINK's dominance over the TOTAL 2.5 months has outperformed other altcoins by a factor of 4.24 to date, which is ONLY -28% from its ATH on June 29
>LINK's relative performance to other alts did not really change at all after the 0xdad wallet dumps began
>LINK's relative performance to to other alts has only dipped about -10% since the 0xdad wallet dumps intensified