Chain link is the number 9 ranked cryptocurrency in the world by market cap. A few of its stats below:
I have been watching Chain link for a while now, and it is perhaps one of the best coins you can spend your money on.
I majorly trade to increase my Ethereum holdings. I hold a pretty substantial amount of Ethereum among a few wallets, and my primary aim is to increase that amount substantially.
Why am I telling you this? Because ChainLink has helped a ton in my pursuit for more Ether.
I purchased Chain link at about 0.0169ETH, spending over $3000 on it. Within 2 days the coin had risen to 0.019500, and I thought this was a great profit, so I sold and locked in my profit.
And guess what? The price today is over 0.022000ETH, and it doesn't plan on stopping soon. Just relentless buying if the coin by its believers.
And this was following a low price of 0.014ETH.
Why am I writing this post?
Well, this is the first of a new series I'm creating on my blog here. I'll title the series:"The coins I invest in", and in posts like this, I'll explain why I invest in the coins.
Why do I invest in ChainLink?
Firstly, I'm not a fundamentalist, at all. I don't look at what the token does or any of that stuff, because quite frankly, I don't care about all those things.
If a coin has a great trading set up, I'm more than happy to spend my money on it.
Link has all the characteristics I need in a coin I'm trading. It has a high volume, high market cap, it's not a high ticket coin and it's on Binance. A perfect combo.
I mostly trade this coin using SMA and EMA crossovers, a very potent method of trading. I equally throw in the RSI whenever I'm feeling like guaging the market.
I feel that this coin will be king by the end of the year, outlasting both bitcoin and ethereum.
Thanks for reading.