People are saying Chainlink can get to $200.
Is that realistic?
Well, you can bet your bottom LINK it is.
In fact, some are saying that that number may not be bullish enough.
Today, I'm going to tell you exactly why LINK has a chance to get to heights
even the most bullish investors never dreamed of.
And at the end of this video,
I'm going to tell you exactly what my new personal price prediction for LINK is,
and you're not gonna want to miss it.
Let's get it.
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Alright, guys. So today, we're going to be taking yet another look at Chainlink.
And at the end of this video, I'm going to be telling you just how high I think it can go.
I'm going to back it up with some logic, so this is not just picking a number out of the sky.
In my last video about Chainlink, which you can check out above,
I stated that my previous Chainlink price prediction of somewhere between $80 and $90 was wrong
and that I needed some time to come up with a new one.
I decided a new prediction was necessary after rethinking Chainlink's place
in the hierarchy of top cryptocurrencies.
I now believe that Chainlink, for all intents and purposes, is Ethereum 2.0
until Ethereum 2.0 comes out and
then I guess it'll have to be Ethereum 2.1.
I believe LINK has not just a solid chance,
but a likely chance to climb into the No. 3 seat of all crypto.
Now, I gotta be honest here.
During early 2018, I thought NEO had the chance to compete with Ethereum for the No. 2 and No. 3 spot.
And that did not work out at all.
But this is the only time in two years after my NEO prediction
that I'm once again predicting a project to climb into the top 3.
While NEO was built a competitor to Ethereum and dubbed the infamous "Ethereum Killer,"
Chainlink isn't really a direct competitor to Ethereum.
In fact, Chainlink is built on top of Ethereum and still exists as an ERC-20 token.
LINK and ETH actually work very well together.
And if you watch my Baseline Protocol video from yesterday,
then you know that Ethereum is killing it on the enterprise side of blockchain and, heck!
Tech business in general.
You see, Ethereum has found a way to capitalize on the movement of business over to blockchain.
And in that vein, LINK is doing the same thing.
They're connecting the business of blockchain to the business of tech,
prediction models, data aggregation and many other industries.
We are talking about multibillion dollar markets.
Previously, I thought Chainlink was going to run out of gas and not be able to continue its pump.
But I've been proven wrong at every turn.
I mean, look at this chart.
How many projects created in 2017 are at all-time highs?
Basically zero. There are a couple of outliers,
but LINK is now crushing its all-time high,
blew past $5 and even topped out over $6.
Investors have been enjoying these absolutely monstrous gains.
Now, here's a fact.
The only reason people are still not jumping into Chainlink
is because they're terrified that the pump is over and they missed it.
And, yes, there certainly will be micro pullbacks as there is after every pump in crypto,
but there is nothing in the chart, the volume, or the sentiments surrounding LINK
to believe a macro pullback is coming.
When Bitcoin starts to take off like a rocket and it pulls altcoins up with it,
there's no reason to believe LINK is not going to be leading the charge.
Their huge partnerships show this is not a flash in the pan project built on hype.
It offers real world solutions in the form of their oracles that connect off-chain and on-chain data,
something only becoming more important as demonstrated by the Ethereum Baseline Protocol.
But let's be honest here.
The use case is great,
but we all know token pumpamentals is the main cause for price increases.
And while Chainlink still remains outside the top 10,
to me, along with Cardano, LINK has the very most positive sentiment and hype around it.
I have people making comments on my TikTok account about how they're invested in Chainlink.
Pretty crazy to think about.
Chainlink is buzzing and it is only getting louder.
Just go check views on Chainlink videos.
So, yes, LINK has a strong community and a solid project with ample use case.
Yes, they have big name partnerships.
Yes, they have a strong team with one of the OSG's in all crypto, Sergey Nazarov.
Yes, they have content creators kissing their feet.
But most importantly, the buzz from this project is at an all-time high.
Don't believe me?
Look at 2017.
The projects with the most notoriety pumped the hardest. Look at Tron.
It just so happens this go-round, we have a bit more development and actually use products.
But do not discount the sentiment, popularity and marketing of a project,
paid or community shilling.
These are what in fact drives price up.
So before we get to my personal price prediction here,
let's take a quick look at what Token Metrics thinks by the long-term forecasts for Chainlink.
They actually ranked Chainlink as the No. 26 best crypto
to hold for the long term, which is actually pretty surprising to me.
They list it as the No. 15 overall crypto project for the short-term investor, so a little higher.
Now, in general when it comes to Token Metrics, I've had massive success using it to research coins.
I've had several triple digit winners.
If you want to check out Token Metrics yourself and get a 14-day free trial,
then you can do so by visiting tm.bitboy.live
and tell 'em BitBoy sent you.
I'm just kidding.
There's no one to tell that to.
It's a website, you moron.
Right now, they are scoring LINK as an overall 74.72 out of 100.
Much better than many other coins, but surprisingly low in my opinion.
But when you zoom over to the right and see LINK giving a 6,243.6% return to early investors,
you realize people have been doubting LINK the whole time,
all the way to the top.
And I think that this is something very important to mention.
I love Token Metrics.
It has been far and away the best research site I've ever used.
Do I want you to sign up for it? Sure.
But do I honestly believe it's the very best out there?
Literally, no question about it.
In the last three months, my Token Metrics monthly picks have netted 12 out of 15 winners.
Going off of other sites, I was lucky to pick 2 or 3 out of 5.
But I'm consistently picking 4 out of 5 literally all three months that are winners.
But I just don't think that any coin research site or analytic prediction model
takes in the fundamental analysis and common sense of the psyche of a crypto investor.
This is why a lot of the price predictions we've looked at on Token Metrics and other sites
have been ultra conservative.
They're not factoring in the massive catapult these projects will get
when Bitcoin starts running the same way it did in 2016 to 2017.
This is what will lead altcoins to the promised land.
If Bitcoin never hits all-time highs, your altcoin bags are going to feel like stocks
instead of millionaire-making opportunities.
However, when we look at the short-term price prediction model for LINK on Token Metrics,
we see it actually has quite a bullish price prediction over the next few months.
Token Metrics is predicting a $9 LINK over the next few weeks.
And if you didn't know, their price prediction models are insanely accurate.
With the last three months' price predictions for LINK, it was an average of 94% accurate.
So the research on TM thinks that now is not the time to jump out of this project
as it will blow well past its current numbers,
but, unfortunately, we can't get a long-term price prediction from Token Metrics.
That's where I come in.
So just how beneficial is holding onto LINK for the long term?
I've already stated that I believe LINK will be a top 3 project.
So, let's break down what that means in terms of market cap.
I believe Bitcoin will hit $225,000--
which actually I've been thinking about amending to a higher number as well.
But let's stick with that.
Let's assume altcoins rally and Bitcoin dominance falls to 30% around the low last time,
and Ethereum drops to 8% dominant.
Let's put Chainlink at about 5% dominance at the No. 3 spot.
A $225K Bitcoin with a 30% dominance would make the overall market cap for Bitcoin about $6 trillion
and the overall crypto market cap about $18 trillion.
So, 5% of that would be directed toward Chainlink at the No. 2 spot.
Get buckled in. This is crazy.
5% of $18 trillion is $900 billion.
This will make Chainlink almost as big as Apple or Amazon.
But what would this mean for the individual cost of a LINK token?
Based on the current circulating supply,
this will place the price per individual LINK at an unbelievable $2700.
That's a 450X from where it is right now.
So, now, we are talking insanely bullish retirement money.
Heck! A 10-year old could retire with those gains.
So, like, do you guys not think it's possible to 450X?
Then why are you even here in crypto?
You should have left in 2018 and never came back.
Now, look!
While this prediction is based on math, there's no guarantee Chainlink will get to the No. 3 spot.
There's also no guarantee Bitcoin dominance will fall to 30%
or that Chainlink can grab a 5% share of the market.
If those things happen with six-figure Bitcoin, and we're definitely looking at closer to 450X gains
than 10X when it comes to LINK.
But for me personally, it is so hard to imagine LINK actually getting to a $900 billion valuation.
And I'm also not exactly sure about how many LINK will be in the circulating supply 12 months from now.
Maybe somebody can drop that below.
So while I see all of the above happening in some form or fashion,
it just seems like those numbers are even too high for a Moonboy like myself.
So let's be conservative here and say LINK ends up with a 2% share of the market.
Well, that would put LINK at $900 for the upcoming cycle.
And I believe that is definitely possible.
At this rate, LINK doesn't even seem to need a Bitcoin spike to reach insane levels,
but it certainly won't hurt.
So, my amended official prediction for LINK in the next bull run is $900.
Much higher than you'll find other places, I'm sure,
but I also don't think any of the LINK Marines will be complaining if I'm right.
But now is your turn.
What's your prediction for LINK in the next bull run?
Am I crazy or not?
If you're holding a bag, I bet it's music to your ears.
If not, you may want to grab one just in case.
So make sure you drop your thoughts in comments below.
I hope you enjoyed this video.
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Thank you so much for watching.
Have a blessed day.
BitBoy out.