Legendary decentralized oracle network Chainlink (LINK) has seen eulogy from a number of prominent crypto experts and traders who think the crypto asset has been outstanding since the beginning of the year 2020; this is in respect to the bullish rally displayed by LINK this year.
Of all cryptocurrencies in the ecosystem, Chainlink is the 12th largest gainer this year with over 590% added value against the US Dollar.
Hence, trader Josh Rager said for those who desire to make a significant profit, buying Chainlink at dip would be a great decision. This, Rager believes should be done irrespective of people’s love for other coins.
The prominent trader said Chainlink (LINK) will outshine “every other asset following market pullbacks.”
This is not the first time the analyst will be raising his voice in support of LINK. Rager, who is the founder of Blockroots, had earlier said after every major Bitcoin pullback, Chainlink never fails to spike hugely.
“LINK pumps like crazy,” the trader said Chainlink is a smart choice to invest in for anyone who wants to buy altcoin following a Bitcoin plummet.
The statement was followed by a remarkable display from Chainlink. LINK surged exceptionally, rising by about 23% since yesterday to reach a new all-time high of $14 value today.
Thanks to the bullish rally, Chainlink has added to its market cap, and now the 6th largest cryptocurrency. For some weeks now, Chainlink has been on the upside, trending on the rising wedge of the market.
After opening the week with a market value of $8.27 against USD, Chainlink today reached a new all-time high of $14 having recorded over 60% growth within a week. Similarly, the cryptocurrency on-chain metric attained a new all-time high in its daily active addresses.
Josh Rager Swapped his ETH Asset for LINK and He’s Glad He Did So
The advisor at LVL crypto trading platform, Josh Rager, recently swapped his ETH assets for LINK after he noticed that the latter is quite bullish than the former. Rager did this on August 7th, revealing that the stronger trend of LINK was a major reason for his decision.
However, he did not convert all his ETH holding into LINK. Today, following the impressive display by LINK, the trader signaled no regret for his decision, averring that he’s glad he did the swap.
Against BTC in the market today, LINK has added over 23% to its value, Rager also illustrated this in his statement.