{"id":433278,"date":"2020-08-04T17:00:00","date_gmt":"2020-08-04T17:00:00","guid":{"rendered":"https:\/\/wncen.com\/?p=433278"},"modified":"2020-08-04T19:11:36","modified_gmt":"2020-08-04T19:11:36","slug":"chainlink-turns-10-into-a-million","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/chainlink-turns-10-into-a-million\/","title":{"rendered":"Chainlink (LINK) Turns $10 Into A Million In Six Months\u2014But How?"},"content":{"rendered":"
The crypto asset called Chainlink<\/a> has been the market’s best-performing asset for two years running. It has made many early investors rich, and even those who hopped on the bandwagon late<\/a> as the asset continues to tap new highs.<\/p>\n But did the asset really turn $10 into nearly a million bucks in just six months? And if so, how?<\/p>\n Crazy and unusual things happen across the cryptocurrency market. The wild west atmosphere is ripe for pump and dumps<\/a>, or irrational exuberance when hype and speculation run amok.<\/p>\n There’s also the occasional asset that’s just so hot, it explodes in value simply due to investors believing in its long term price growth or the asset’s underlying technology<\/a>. Such is the case with Chainlink, a crypto token with true value and use case, that’s topped all other assets across the space for two years now.<\/p>\n Related Reading | Mega Bitfinex Bitcoin Whale: Chainlink FOMO Will Eventually Fizzle<\/a><\/strong><\/em><\/p>\n Since the 2017 low, Chainlink is up over 7,000%. From the 2018 crypto market bottom, Chainlink has grown by over 5,000%. In 2020 alone, the asset is up over 400%.<\/p>\n It’s been setting new record high after high and entered full price discovery mode. But how did it potentially earn some lucky trader as much as a million dollars out of just $10?<\/p>\n https:\/\/twitter.com\/classicmacro\/status\/79488002?s=21<\/p>\n <\/p>\n When Black Thursday hit in mid-March, cryptocurrencies were decimated. Bitcoin dropped from over $10,000 to under $4,000, and the rest of the market tanked. The stock market, precious metals, and everything else suffered in the severe, panic-induced liquidity crisis.<\/p>\n On cryptocurrency exchange Binance<\/a>, Chainlink on the LINKUSD trading pair flash crashed all the way down to $0.0001 per token<\/a>. For any traders who had orders placed that low or happened to catch the bottom of the wick, and held it through the recent high, would have had over 9,000,000% gains.<\/p>\nThe Cryptocurrency Market Altcoin Standout For Two Years In A Row<\/h2>\n
Chainlink Flash Crash Turns Ten Bucks Into a Million Dollars<\/h2>\n