This discord tranny fud is getting annoying
Think about this:
In mar 2017 the EEA was announced on the back of Ethereum which offered the promise of trustless smart contracts with simple on chain inputs and outputs. At the time ETH was around 10 bucks and immediately 5x'd to 50, then pumped to 400 over the next 4 months.
Lets say, just for argument's sake, some kind of "legacy players are committed to chainlink" kind of thing is coming in the next few weeks. Again, just for argument's sake (and to piss off the discord fags who sold and are underwater) let's assume CL tracks ETH's price on a proportional basis.
You might see price action like this (just for argument's sake):
EOApril: 3.5
Mid May: 18
Mid July: 36
Mid Aug: 150
But then again, Link is very unlikely to have price action like ETH. Remember all of the following:
ETH had significant public exposure and marketing before EEA, Chainlink hasn't
ETH had continued coin emission partially blunting the upwards price pressure of all those new buys
ETH had known scaling issues without viable in-project second layer scaling solutions
and most importantly:
ETH was only a smart contract execution layer, where Chainlink is now an execution layer plus an oracle layer, so Chainlink captures effectively the entire smart contract value add under one project
So when Chainlink goes public, it won't have price action like ETH, it will make ETH look like a stock
Wishing all the best to my desperately fudding swingfrens...remember to hedge with rope :)
