𝐖𝐡𝐲 𝐂𝐡𝐚𝐢𝐧𝐥𝐢𝐧𝐤 𝐡𝐚𝐬 𝐬𝐭𝐚𝐲𝐞𝐝 𝐚𝐭 𝐭𝐡𝐞 𝐬𝐚𝐦𝐞 𝐥𝐞𝐯𝐞𝐥 𝐢𝐧 𝟒 𝐲𝐞𝐚𝐫𝐬

Key dates to remember through this thread:
- 25th September 2020 - $9.83
- 11th July 2024 - $12.90

Ready to be shocked?

🧵👇

Without an argument, Chainlink has brought so many benefits to the #crypto space, but even with all these benefits, why is the token price the same after 4 years? 4 years ago from now the #token price was $9.83 and today we do not see much of a difference.

The total supply for #Chainlink is 1 billion tokens, with only a portion of 608 million actually being the circulating supply.

Here is where things get interesting.

September 27, 2020 the circulating supply of Chainlink was at 371 million tokens. Based on the #supply #chart below, we can see that gradually more and more tokens were supplied to the #circulation. Close to half of what the current supply of the token is.

Right after the key date of September 25, Chainlink mooned, prices went to an #ATH of $52.70. This happened on the 10th of May 2021. Now going back to the supply chart, we see an increase in token #supply. From 371 million to 420 million.


After May 10th the supply chart continiues to increase, the actual token price starts to drop at a fast pace. Exactly a year after, Chainlink drops to prices around $7. Although the quick and heavy #drop, token supply continiues to go up.


The only difference in Chainlink is the token supply. With a circulating supply that has doubled within 4 years. The value of each #individual #token has inevitably halved.

Now before you ask yourself why the heck hasnt the price of #Chainlink increased, think of the circulating #supply and what it is at that time.

If you read this full #thread make sure to leave a like and comment your opinion on what you think happened.

Thanks legends, have a great rest of your day

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$LINK #CPI_BTC_Watch #BinanceTurns7 #US_Job_Market_Slowdown #BinanceTournament