Chainlink new all-time high: LINK 167% up since the beginning of the year
In the past weeks, news about new partnerships from and with Chainlink has been coming in again and again. In the past, the project based on the Ethereum Blockchain was able to score points not only for its integration as a middleware solution for Google Cloud, but also for partnerships from the crypto scene. Recently, Polkadot and Ethereum Classic announced that they would rely on Chainlink's solutions.
The new partnership, which is now driving LINK towards the 5 dollar mark, is called Socios. Socios is a platform dedicated to the tokenisation of special sporting events. Socios uses the native cryptocurrency Chiliz, which is now based on Chainlink's Oracle service. This means that particularly historic football events can now be recorded in the form of tokens - thanks to Chainlink! Socios customers include FC Barcelona, Paris SG, Juventus Turn, Atletico Madrid and many more.
Chainlink course with new all-time high: 167 percent YTD
As we can see, the Chainlink share price performance since the beginning of the year has been exorbitantly good. LINK is convincing with a clear outperformance and has gained 167 percent in the first 10 weeks of the year. The price of 1 LINK rose from an initial USD 1.78 to the current USD 4.70 - a new all-time high.
Buy the Dip and not Buy the Top: Caution at all-time high
It is clear that investors have attributed considerable potential to Chainlink in recent weeks. While Bitcoin and many Altcoins performed well in the early part of the year, LINK continues to grow despite the recent price declines. The new partnerships are making their contribution to this.
But caution is also called for: because anyone who buys at the peak of the price must expect to be in the red in the event of a correction. Not for nothing is the golden wisdom called Buy the Dip and not Buy the Top. With this in mind, investors who are toying with the idea of buying Chainlink should perhaps first hope for a correction. #nonfinancialadvice.
