LINK Coin Achieves ROI Over 100X Since Initial Coin Offering (ICO)
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Answer LINK Coin Achieves ROI Over 100X Since Initial Coin Offering (ICO)
The LINK coin is one of the digital currencies that caught the attention of the crypto community after its double-digit price increase.
LINK again exceeded expectations by moving away from the impact of the decline recorded by most cryptocurrencies in the last 24 hours, where Bitcoin fell to the level of 11,600 dollars, while the ChainLink project coin only fell to the low level of 9 dollars to continue its rise and reach the time of writing this article for $12.56, which is a new all-time record for a coin.
The LINK coin has achieved a return on investment of more than 100 times since its first launch:
Going back in time to September 2017 during the exact ChainLink ICO presentation, we find that the price of LINK coin shown during the mass sale was $0.11.
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When you do the math and use the all-new high value of $12.56, this translates to a 113x return on your investment.
This in turn means that for every $100 spent during the initial coin offering period, investors earn $11,300 in profit.
It can be said that those who used Ethereum and Bitcoin to participate in LINK’s ICO offer had an ROI of 38.23x and 81.41x respectively, and here is a screenshot showing this fact:
In addition, the LINK coin had several fundamentals that kept the coin on an upward trajectory.
The coin ignored a report by Zeus Capital that described the LINK project as having no real value and warned that ChainLink coin would drop to $0.07.
Crypto fund expects LINK to drop by 99%… for this reason
What’s next for LINK coin:
As noted earlier, the LINK/USDT trading pair continues its upward trajectory.
With every spike ever identified by LINK, the digital asset provides areas of interest for potential support areas that LINK should decide to correct.
However, given the current bullish momentum and the potential for increased FOMO surrounding LINK, LINK has a high probability of testing higher levels before returning for a correction.
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As with most cryptocurrencies, we advise traders and investors to use a stop loss and be wary of using high levels of leverage.
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