{"id":40076,"date":"2023-07-25T03:20:30","date_gmt":"2023-07-25T07:20:30","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/is-it-too-late-to-buy-chainlink-link-price-shoots-up-20-in-7-days-and-btc20-is-the-next-crypto-to-explode-heres-why\/"},"modified":"2023-07-25T03:20:32","modified_gmt":"2023-07-25T07:20:32","slug":"is-it-too-late-to-buy-chainlink-link-price-shoots-up-20-in-7-days-and-btc20-is-the-next-crypto-to-explode-heres-why","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=40076","title":{"rendered":"Is It Too Late to Buy Chainlink? LINK Price Shoots Up 20% in 7 Days and BTC20 is the Next Crypto to Explode \u2013 Here’s Why"},"content":{"rendered":"
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In a strong bounce back since the pits of early June, Chainlink (LINK) has been on the climb pushing up +75% over the last month, but as price action rejects from the upper trendline, is it too late to buy Chainlink?<\/p>\n

LINK has been caught in a predictable range characterized by +\/- 80% chop for more than a year, as Chainlink holders continue to weather a gentle downside slide following the 2021 crypto bull run.<\/p>\n

Chainlink Heads Down as Chop Pattern Continues<\/strong><\/h2>\n

With LINK now trading at a current price of $7.61 (a 24-hour change of -3.51%), ongoing price action seems to be no exception from this pattern.<\/p>\n

The current downside move comes following rally rejection from a +75% move that saw the impressive rally top out at the upper trendline around $8.50.<\/p>\n

Now in a technical retracement, LINK has so far bled out -10% of its value, with the drop stirring anxieties as LINK seemingly falls through a potential support level at $7.75.<\/p>\n

With few localized supports below, price action now seems destined to retrace down the converged 20DMA and 200DMA around $6.80 (a possible -10% move from here).<\/p>\n

There is little relief to be found in Chainlink’s indicators either, with the RSI still overheated signaling bearish divergence at 60.<\/p>\n

And LINK’s dwindling performance on the MACD adds more fuel to the fire with bullish divergence marginalised to 0.094 and likely to flip bearish imminently.<\/p>\n

The technical retracement and drop below the $7.75 price level leaves LINK’s risk: reward structure on the short-time frame looking bleak at 0.2 – a terrible entry characterized by almost overwhelming 5x downside risk.<\/p>\n

With downside movements clearly dominating the chart, many investors are rotating capital to find more lucrative returns in the short time frame – with one unlikely proof-of-stake project garnering huge interest.<\/p>\n

Bitcoin Heads for Proof-of-Stake with BTC20<\/strong><\/h2>\n
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Have you ever wondered what it would be like to own an entire Bitcoin? Sat on the sidelines watching BTC making yet another all-time high, pondering how much you could’ve made if you’d just been around in the early days?<\/p>\n

Built to stand the test of time using ERC-20 proof-of-stake technology as its backbone, BTC20 holds the promise of minting an entirely new generation of Bitcoiners with the added promise of a greener network and passive income generation.<\/p>\n

And now with more than $1.5m raised there is less than half of the presale supply left up for grabs.<\/p>\n

Staking Rewards for Bitcoin Through BTC20<\/strong><\/h2>\n

Holder benefits will be delivered through a novel stake-to-earn mechanism, set to launch in Q4 of this year, offering the promise of double-down rewards for those committed to holding, with rewards issued proportionally to staking quantity.<\/p>\n

The staking mechanism will seek to distribute a huge swathe of locked tokens (a minimum of 14.95m unsold in the presale) in a gradual token release set to match the Bitcoin network.<\/p>\n

Staking rewards are tied to both the staking quantity and blocks validated, with 6.5 BTC20 per 1 block validated forming the bedrock of the staking rewards.<\/p>\n

This can be seen in the example below, where if a holder stakes 5,000 BTC20 for a one-year period, they will receive approximately 3,285 BTC20 in rewards – given a rough APY of 65.70%.<\/p>\n

At an alluring presale price of just $1 per BTC20 token, interest is surging as Bitcoiner’s race to secure a slice of the 3 million tokens up for grabs in the presale.<\/p>\n

Imagine the possible growth, if BTC20 gains even 10% of Bitcoin’s market cap (10% = $58bn today) then BTC20 would be worth $2,790 – a 278,900% increase.<\/p>\n

With a tokenomic supply mirroring Bitcoin at 21m tokens, and a dedicated team of developers working on a roadmap with a 120 year view – the long-term sustainability of this project could very well outlive the original Bitcoin itself.<\/p>\n

BTC20 has already gained traction with leading crypto analysts such as Jacob Bury, testament to the skyrocketing traction surrounding the launch of the BTC20 presale.<\/p>\n

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You can read the BTC20 whitepaper here to familiarise yourself with the next-generation technology underpinning this exciting project. Also don’t miss the chance to connect early with fellow holders on the BTC20 Twitter here<\/a>.<\/p>\n

Don’t miss your chance to join the ranks of early Bitcoin backers – become a wholecoiner today.<\/p>\n

Buy BTC20 Here<\/strong><\/p>\n

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.<\/sup><\/p>\n<\/p><\/div>\n