ChainLink Surges 53% Over The Past Week!
ChainLink just seems to keep bouncing back with one amazing run after the next. While most altcoins are only reporting modest gains, this super alt is paving the way!
ChainLink has been a firm favorite of mine over the last few months and produced a number of amazing trades. It appears that every dip meets buyers who lift the price almost instantly, making for brilliant trading opportunities.
looking at ChainLink over the last 7 days, it has surged an amazing 53%! Litecoin, BNB and ADA on the other hand, are up a mere 6% over the same period. Keep watching this project because it still has some decent gains on its radar.
Ulbricht Joins The 1K Bitcoin Club
The Silk Road founder, Ross Ulbricht has also recently adjusted his prediction for the number one Crypto. Ross joins Peter Brandt in his call for a 1K Bitcoin. Is it not strange how in a time of great expectation, we have two significant voices in the space calling doom.
On the other hand the Market Sniper, also known as the Crypto Sniper is saying the opposite. The Sniper called the oil drop ages ago, he also made a number of amazingly accurate predictions leading up to the market crash. I don't know about others but I usually take advice from success, not opinion.
I have often mentioned a possible drop to the 4K zone once again, yet the Elliot Wave theory pointing towards 1K seems highly unlikely. This is not investment advice, so please do your own research.
Bitcoin Halving Searches Explode Around The World!
Since December 2019 we have seen a steady growth in the search results corresponding to the Bitcoin halving. However, April has seen an absolute explosion as the event is now only weeks away. Singapore, Switzerland and the Netherlands are among the countries whose search results are leading the race.
South Africa is also among the top countries as it has seen its national currency, the rand, lose as much as 25% to the dollar in recent weeks. It really does seem that people are finally coming around to the idea of hard money and Bitcoin is one of the options they are exploring.
In the following explanation, Plan B explains why he believes the price will rise.
“Following the bitcoin halving, miners’ estimated breakeven costs will rise from ~$7,000 today to ~$12,000-15,000 per BTC after. I would not be surprised if we see bitcoin prices rise above these levels so that miners remain profitable.”
“To maintain $7000 since Oct 2017, bitcoin must have had about $400M new cash inflow every month last 2.5 years! (30d x 24h x 6blocks x 12.5btc x $7k assuming all trading is zero sum game)
After the halving, we only need $200M per month to keep $7k level. If $400M stays, then rocket.”
What I love about this explanation is the fact that it is mathematically proven. It is not merely an opinion! Furthermore, it actually makes a lot of sense and is most likely to be a strong contributing factor to the future Bitcoin price.
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