{"id":563933,"date":"2020-09-20T12:18:41","date_gmt":"2020-09-20T09:18:41","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=563933"},"modified":"2020-09-20T12:18:41","modified_gmt":"2020-09-20T09:18:41","slug":"crypto-analyst-chainlinks-annual-returns-could-mimic-an-early-btc","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/crypto-analyst-chainlinks-annual-returns-could-mimic-an-early-btc\/","title":{"rendered":"Crypto Analyst: ChainLink&#8217;s Annual Returns Could Mimic an Early BTC"},"content":{"rendered":"<p><strong>Quick take:<\/strong><\/p>\n<ul>\n<li><strong>Timothy Peterson has predicted that Chainlink will exhibit early Bitcoin returns of 300 &#8211; 400% per year<\/strong><\/li>\n<li><strong>The value of LINK is very much linked to the adoption of the ChainLink network<\/strong><\/li>\n<li><strong>More crypto projects continue to integrate ChainLink technology<\/strong><\/li>\n<li><strong>Timothy Peterson has also foreshadowed a possible bottom for LINK in late September<\/strong><\/li>\n<\/ul>\n<p>In a recent tweet, Crypto Analyst <a href=\"https:\/\/en.ethereumworldnews.com\/chainlink-link-will-be-bigger-than-bitcoin-btc-crypto-analyst\/\" target=\"_blank\" rel=\"noopener noreferrer\">Timothy Peterson<\/a> of Cane Island Alternative Advisors has predicted that ChainLink (LINK) is on a path towards experiencing returns similar to an early Bitcoin of 300 &#8211; 400% per year. According to Mr. Peterson, the price of LINK is very much linked to the adoption of <a href=\"https:\/\/en.ethereumworldnews.com\/there-is-no-defi-without-chainlink-link-weiss\/\" target=\"_blank\" rel=\"noopener noreferrer\">the ChainLink network<\/a>.<\/p>\n<p>Below is his tweet providing his analysis which includes a chart comparing LINK&#8217;s current price and its lowest value forward.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">An estimate of <a href=\"https:\/\/twitter.com\/hashtag\/ChainLink?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">#ChainLink<\/a> adoption.  Very difficult for price to drop below value.  Early <a href=\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">#bitcoin<\/a>-like returns of 300-400% per year. <a href=\"https:\/\/t.co\/YEwlPANb3i\" rel=\"nofollow\">pic.twitter.com\/YEwlPANb3i<\/a><\/p>\n<p>&mdash; Timothy Peterson (@nsquaredcrypto) <a href=\"https:\/\/twitter.com\/nsquaredcrypto\/status\/1307388785500524545?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">September 19, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Use of ChainLink&#8217;s Price Feeds and Oracles Continues to Grow<\/h2>\n<p>Mr. Peterson has constantly used Metcalfe&#8217;s Law <a href=\"https:\/\/en.ethereumworldnews.com\/xrp-may-never-reach-1-let-alone-10-crypto-analyst\/\" target=\"_blank\" rel=\"noopener noreferrer\">to highlight the relation<\/a> between network activity and the value of the associated token. In this case, activity on the ChainLink network continues to grow with multiple crypto projects signing up to use the project&#8217;s price feeds.<\/p>\n<p>In this past week alone, several crypto projects have announced their use of ChainLink&#8217;s price feeds. To begin with, TrustSwap <a href=\"https:\/\/twitter.com\/chainlink\/status\/1307003401474060288\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">announced<\/a> that it will be using ChainLink&#8217;s ETH\/USD price reference data for its SmartLock and SmartEscrow products.<\/p>\n<p>Other crypto projects that announced the integration of ChainLink technology in the last week include SpectreAI, Matic Network, <a href=\"https:\/\/en.ethereumworldnews.com\/defi-monthly-active-users-hit-292000-in-august\/\" target=\"_blank\" rel=\"noopener noreferrer\">Zapper<\/a>, Hacken, XinFin Network, Baseline protocol and Crypto.com.<\/p>\n<h2>A Possible Bottom for ChainLink in Late September<\/h2>\n<p>In terms of the short term value of ChainLink in the crypto markets, Timothy Peterson has suggested that late September could be a possible time-frame for <a href=\"https:\/\/en.ethereumworldnews.com\/crypto-analyst-chainlink-link-is-worth-about-5-8\/\" target=\"_blank\" rel=\"noopener noreferrer\">LINK to bottom<\/a> in the crypto markets. He shared his price analysis of ChainLink via the following tweet that also highlighted that its value is tied to unique function calls on the ChainLink network.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Updated <a href=\"https:\/\/twitter.com\/hashtag\/ChainLink?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">#ChainLink<\/a>.  Does <a href=\"https:\/\/twitter.com\/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">$LINK<\/a> bottom late September and resume its climb? <a href=\"https:\/\/t.co\/EGpvomXWoY\" rel=\"nofollow\">pic.twitter.com\/EGpvomXWoY<\/a><\/p>\n<p>&mdash; Timothy Peterson (@nsquaredcrypto) <a href=\"https:\/\/twitter.com\/nsquaredcrypto\/status\/1305481205945696256?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">September 14, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Quick take: Timothy Peterson has predicted that Chainlink will exhibit early Bitcoin returns of 300 &#8211; 400% per year The value of LINK is very much linked to the adoption of the ChainLink network More crypto projects continue to integrate ChainLink technology Timothy Peterson has also foreshadowed a possible bottom for LINK in late September In a recent tweet, Crypto Analyst Timothy Peterson of Cane Island Alternative Advisors has predicted that ChainLink (LINK) is on a path towards experiencing returns [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":562579,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[108120,108032,823],"tags":[1233,5749,7092,1322],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/563933"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=563933"}],"version-history":[{"count":0,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/563933\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/562579"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=563933"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=563933"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=563933"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}