What? $BTC gained 10% dominance since new year? 😛 $RUNE $LINK
Chainlink is a cryptocurrency that incentivizes a global network of computers to provide reliable, real-world data to smart contracts running on top of blockchains. Oracles in the Chainlink network are incentivised to provide accurate data. There is a reputation score assigned to each. When nodes follow the software’s rules and provide useful data, they are rewarded in Chainlink’s cryptocurrency, LINK. LINK uses the ERC-20 standard and is distributed as a reward to oracles who provide accurate data. Chainlink is built to be platform agnostic and connects cryptocurrencies and the banking segment.
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Since new year $BTC did around 60%, while our fund managed to do 54%. But what you have to know is that at the beginning of the year, $BTC dominance was at 39%, while now sits at 50%. Meaning we managed to do well even when alts were bleeding. Special thanks to $RUNE and $LINK 🔥
$BTC dominance will drop eventually and we can expect alt run then. Till then we have to preserve our capital. 🚀
$LINK 's relative strength is impressive. We are happy with our position and will not sell our link any time soon. This could be a big winner in the next bullmarket.
We don't buy the alt-blood in $ARB $SOL and $XRP yet. We wait for a confirmation that they stop bleeding in $BTC value and the tide is turning. This will probably happen after a $BTC bullrun.
$LINK ready to go to 9$? Fine by me! Link knows how to do an independent run. It had one in 2020 when the rest of the market was in red.
Bravo!