Crypto Analyst: ChainLink (LINK) Could Hit $7 in 2 – 3 Weeks

In summary:

Crypto analyst Timothy Peterson, sees LINK hitting $7 in two to three weeksHis analysis is based on ChainLink’s adoption curveAdditionally, he was one of the first to identify LINK’s rally in Q3 as a potential bubbleMr. Peterson has often highlighted that LINK’s value is correlated to ChainLink’s function calls and the latter has dropped since September

Crypto Analyst Timothy Peterson of Cane Island Alternative Advisors has estimated that ChainLink (LINK) will be valued at $7 in the next two to three weeks. Mr. Peterson used ChainLink’s adoption curve to come up with this value as seen in his original tweet below.

Seems obvious to me that #ChainLink hits $7 in about 2-3 weeks. pic.twitter.com/cvm8hlewL8

— Timothy Peterson (@nsquaredcrypto) September 30, 2020

#ChainLink’s price is heavily influenced by function calls – actual use of the ChainLink network. Those calls have dropped back down to trend, I expect price to follow. See Valuing ChainLink With Metcalfe’s Law https://t.co/aaCqAGEbFd pic.twitter.com/TXIbj53qfF

— Timothy Peterson (@nsquaredcrypto) September 5, 2020

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