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Uninformed investors are selling ChainLink because of it's hash rate is/was down.
Total Hash Rate (TH/s)The estimated number of terahashes per second the bitcoin network is performing in the last 24 hours.
Key words above: "bitcoin network"
What the hell does this have to do with ChainLink?
Believed hash rate had something to do with ChainLink
Bottom feeders have kicked in (myself included). I expect a 16% or so increase to the price in the next 24 hours.
Grab some popcorn and enjoy the show.
Bitcoin Price Falls $8K to 3-Week Low, Altcoins Crash
Bitcoin nosedived to three-week lows early Sunday, puncturing the frenzied speculative bubble built into several alternative cryptocurrencies (altcoins) in the wake of Coinbase’s recent debut on Nasdaq.
The biggest cryptocurrency by market value dropped from roughly $60,000 to $52,148 in 15 minutes during the Asian session, liquidating almost $4 billion worth of positions in the derivatives market, according to Messari's Ryan Watkins.
https://www.coindesk.com/bitcoin-price-falls-8k-to-3-week-low-altcoins-crash
Bitcoin Price Falls $8K to 3-Week Low, Altcoins Crash
Bitcoin nosedived to three-week lows early Sunday, puncturing the frenzied speculative bubble built into several alternative cryptocurrencies (altcoins) in the wake of Coinbase’s recent debut on Nasdaq.
The biggest cryptocurrency by market value dropped from roughly $60,000 to $52,148 in 15 minutes during the Asian session, liquidating almost $4 billion worth of positions in the derivatives market, according to Messari's Ryan Watkins.
https://www.coindesk.com/bitcoin-price-falls-8k-to-3-week-low-altcoins-crash
Bitcoin Price Falls $8K to 3-Week Low, Altcoins Crash
Bitcoin nosedived to three-week lows early Sunday, puncturing the frenzied speculative bubble built into several alternative cryptocurrencies (altcoins) in the wake of Coinbase’s recent debut on Nasdaq.
The biggest cryptocurrency by market value dropped from roughly $60,000 to $52,148 in 15 minutes during the Asian session, liquidating almost $4 billion worth of positions in the derivatives market, according to Messari's Ryan Watkins.
https://www.coindesk.com/bitcoin-price-falls-8k-to-3-week-low-altcoins-crash
This retracement is good. It allows for consolidation and a higher support level before the next leg up.
Polkadot and Cosmos connect as Plasm and Secret Network release bridge MVP
The two projects seek to become the forerunners of Cosmos and Polkadot interoperability.
Plasm Network and Secret Network, two projects based on Polkadot and Cosmos, respectively, have launched the first iteration of a bridge to connect the two ecosystems, each representing a different “layer-zero” protocol.
https://cointelegraph.com/news/polkadot-and-cosmos-connect-as-plasm-and-secret-network-release-bridge-mvp
Awesome news lakingsphan0427.
Here's a link to ChainLink's White Paper on the subject. (pdf)
It's really too much to read (57 pages) so if you're curious, you might want to skip through to find the parts you're interested in seeing. That's what I'm doing.
https://research.chain.link/whitepaper-v2.pdf
Basic Attention Token (BAT) Price Predictions: What Comes Next After the BAT Crypto News?
Digital Coin Price has a Basic Attention Token (BAT-USD) price prediction of $2.40 by the end of 2021 and $3.41 by the end of 2023, with a five-year prediction of $5.57.
https://www.nasdaq.com/articles/basic-attention-token-bat-price-predictions%3A-what-comes-next-after-the-bat-crypto-news
Hell I'm even loving my buys at .59 thru .66. And additional loading at around $1 .Because I know where this token is going.
$7.58 from the $50 milestone.
Here go.....$50 soon.
Awesome article xZx.
I liked this especially:
"... bitcoin dominance slid to lows not seen in two years because the value of every other cryptocurrency combined rose faster than the first crypto..."
"... Chainlink (LINK) was one of the top assets for the quarter by returns. The chart above shows how its average quarterly market cap reflected the gains, more than doubling, to cross the $10 billion mark..."
Chinalink's Q1 2021 market cap doubled. There's obviously a limited supply of ChainLink. Hodlers in Q1 have seen their investment returns double in 1 quarter. Hold tight Linkers. This is just the beginning.
There's a new trend of investors analyzing alternative cryptos....not just investing in the first crypto (because it was first). I wouldn't invest in the first stock.
Thanks thistraderknowsall.
Here's Braves version of why they are disabling FLoC:
Brave reveals why it is disabling Google's FLoC in the browser
(Very informative article)
https://www.ghacks.net/2021/04/13/brave-reveals-why-it-is-disabling-googles-floc-in-the-browser/
Crypto Market Sentiment Up Again, ChainLink Gets the Throne
Sentiment change among the top 10 coins*:
Interpreting the sentscore’s scale:
- 0 to 2.5: very negative
- 2 to 3.9: somewhat negative zone
- 4 to 5.9: neutral zone
- 6 to 7.49: somewhat positive zone
- 7.5 to 10: very positive zone.
The sentscores of the rest have all gone up, with chainlink (LINK) taking the lead, having gone up 13.6%. Polkadot (DOT) and uniwsap (UNI) also saw double-digit increases of 10%. These are followed by litecoin (LTC)'s 7.5%. Ethereum is in the distant fifth place, with a rise to its score of 3%. And while binance coin (BNB) went up 1.6%, the scores of cardano (ADA) and XRP increased less than 1%.
https://cryptonews.com/news/crypto-market-sentiment-up-again-chainlink-gets-the-throne-9885.htm
Crypto Market Cap Surpasses $2 Trillion After Doubling This Year
https://www.bloomberg.com/news/articles/2021-04-05/crypto-market-cap-doubles-past-2-trillion-after-two-month-surge
Crypto Market Cap Surpasses $2 Trillion After Doubling This Year
https://www.bloomberg.com/news/articles/2021-04-05/crypto-market-cap-doubles-past-2-trillion-after-two-month-surge
Crypto Market Cap Surpasses $2 Trillion After Doubling This Year
https://www.bloomberg.com/news/articles/2021-04-05/crypto-market-cap-doubles-past-2-trillion-after-two-month-surge
Yes, Brave is growing .....
For hodlers new to BAT:
From March 3, 2021
Brave acquires search engine to offer the first private alternative to Google Search and Google Chrome on both mobile and desktop
Brave Search is coming just as millions are migrating from Big Tech platforms to more private and secure solutions
SAN FRANCISCO, March 3, 2021 /PRNewswire/ -- Today Brave announced the acquisition of Tailcat, the open search engine developed by the team formerly responsible for the privacy search and browser products at Cliqz, a holding of Hubert Burda Media. Tailcat will become the foundation of Brave Search. Brave Search and the Brave browser constitute the industry's first independent, privacy-preserving alternative to Google Chrome and Google Search, which rely on tracking users across sites and have 70 percent and 92 percent market share, respectively.
Read much more...
https://www.prnewswire.com/news-releases/brave-acquires-search-engine-to-offer-the-first-private-alternative-to-google-search-and-google-chrome-on-both-mobile-and-desktop-301239565.html#:~:text=Tailcat%20will%20become%20the%20foundation,92%20percent%20market%20share%2C%20respectively.
Wow, up about a dollar in a couple of hours.
We could be setting a new all time high (ATH $35.08) soon.
Let's hope so and that becomes the new low support level.
Welcome Racer. You're gonna love this investment that'll replace most of Google.
Next week sometime we may see $2. We certainly will see the next progression up. Anybody that hodls this should be buying on this Fibonacci retraction.
For those that haver never heard of Fibonacci:
What Are Fibonacci Retracement Levels?
Fibonacci retracement levels are horizontal lines that indicate where support and resistance are likely to occur. They are based on Fibonacci numbers. Each level is associated with a percentage. The percentage is how much of a prior move the price has retraced. The Fibonacci retracement levels are 23.6%, 38.2%, 61.8%, and 78.6%. While not officially a Fibonacci ratio, 50% is also used.
The indicator is useful because it can be drawn between any two significant price points, such as a high and a low. The indicator will then create the levels between those two points.
Suppose the price of a stock rises $10 and then drops $2.36. In that case, it has retraced 23.6%, which is a Fibonacci number. Fibonacci numbers are found throughout nature. Therefore, many traders believe that these numbers also have relevance in financial markets.
Something to think about:
The Feds are printing dollars as fast as they can. With $Trillions still printing, the dollar will naturally start losing value. (Simple economics; the higher the supply, the lower the demand).
Cryptos that have actual useful utility, like providing DeFi connections, or oracles to smart contracts, and are limited, (1 billion tokens), will go up the most. The Feds can't print any more ChainLink. As dollars deteriorate in demand, cryptos like Chainlink (or other cryptos with similar attributes) will appreciate. These become the currency of the future because the government has proven to be irresponsible with limiting debt and thus the printing of the dollar. Too much debt, that no one will want to be a part of.
Inflation will drive cryptos crazy. The Feds can't print any more cryptos.
Many of the tokens are limited. Those tokens that have actual useful uitlity and are limited (like BAT) will go up the most.