Crypto fund expects LINK to drop by 99%… for this reason
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Answer Crypto fund expects LINK to drop by 99%… for this reason
The LINK coin is one of the strong and present currencies in recent months, as its price performance was interesting, as the currency jumped in a short time due to its weak value.
And so much of this interest has been positive.
Jason Williams, a partner in Morgan Creek Digital Assets, revealed sometime during LINK’s recent uptrend that he had bought over $50,000 from them.
Despite all this, some have questioned the project, the most notable example of which is Zeus Capital — a Hong Kong and London-based crypto investment fund — which recently released a comprehensive report suggesting that LINK will drop about 99 percent to $0.07. for each currency.
Read:Positive sentiment jumps crypto derivatives trading volume to $3.12 trillion
As an excerpt from the latest report issued by the Zeus Capital Fund, the following:
Based on our findings, we opened a short position in LINK and recommend you to do the same with a target price of $0.07 and almost 100% upside potential.
Although the LINK coin has fallen by a small percentage since the release of the fund’s report, Zeus Capital continues to raise controversial topics in the crypto arena.
Recently the original Twitter account of Zeus Capital was restricted, then removed, and the above-mentioned report on the Chainlink project was deleted from Docsend.
Zeus Capital’s LINK report remains a controversial topic on Twitter:
Despite the setbacks mentioned above, Zeus Capital remains an active advocate against LINK and its venture.
They retweeted their report on their website, and wrote in a tweet linked to it that they would not be silenced.
The company has since released several tweets, which it promoted through the Twitter ad program, to break down the “LINK” coin and users’ interaction with some of these tweets.
However, the Zeus Capital fund remains a subject of controversy.
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However, there are those who think that what “Zeus” is doing is hopeless, as others have commented sarcastically.
But what Zeus Capital is doing in publishing and distributing the report is remarkable, as it targets cryptocurrency users and is conducting a continuous publishing process, which shows the perseverance of the Fund on this point.
As for why Zeus expected LINK to drop by 99%, the fund outlined in its latest promotions and tweets how it thinks the Chainlink team is manipulating the price of LINK when the value of Oracle, Chainlink’s underlying technology, is worthless.
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LINK coin price drops:
Although this neither confirms nor rejects Zeus Capital’s results, it is important to note that the price of LINK has fallen sharply since the recent highs.
LINK’s price has fallen nearly 19 percent since its high earlier this month.
The correction is part of a larger rise in the value of altcoins against the dollar and against leading cryptocurrencies such as Bitcoin and Ethereum, which is in line with the assertions of some analysts.
Read also:
ChainLink Coin Achieves 100% Price Increase in 2020
Cardano outperforms EOS, Tezos, and Chainlink, up 70% in price
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