/biz/ - Business & Finance

So one of the main things I was hyped about this coin was that so much Link was going to be locked up in staking, thus driving the price up.

But I don't think that's so anymore. Institutions do not want to be holding huge amounts of a volatile asset, and they will be hedging against Link. They will long and short it and try to keep the price as stable as possible and Link will never be able to reach that high of a price.

I remember back to ASSBLASTER threads and he said Chainlink has the potential to reach $20, and if there is a huge bull market and wide scale adoption and a bubble, maybe $60 by 2025. Have we all been fooled by the 1k EOY meme. I honestly no longer think it's happening. I think Link might go to $2-3 on Mainnet and maybe $5 within a year. But just like the futures market keeps gold down, institutions who hold large amounts of Link for running smart contract nodes will be hedging against Link and keeping the price as stable as possible, thus keeping the price down.

I was going to FOMO in because of this recent pump, but I don't feel like doing it anymore. I am beginning to think that 50 cents is actually really high. If I buy now it might only be a 2x or 3x in a years time. But it will surely dip before then.