LINK has really been unfairly treated these past couple of days. On the day Binance was hacked, the hackers dumped 2.57 million stolen LINK, converted it to Ether and made off with the proceeds, sending the price tumbling to $10.48—much harder than Bitcoin fell.
Looking back now, that sell-off was actually a gift. The hackers have already dumped their LINK, and Binance is now buying the stolen coins back on the market. LINK has recovered to $11.65, up 11% in 24 hours.
On the 29th, it also launched a new service providing around-the-clock quotes for tokenized stocks and commodities, even on weekends. Aave was the first to use it.
I think the positives outweigh the negatives. Around $11.4 is the level it just reclaimed; if it retests that level and holds, you could consider getting in. A move above the three-day high of $12 would be needed to reclaim its pre-hack level.
If it falls back below $10.5, it would break below the low from the hackers' attack, so stay away for now. #LINK $LINK
Looking back now, that sell-off was actually a gift. The hackers have already dumped their LINK, and Binance is now buying the stolen coins back on the market. LINK has recovered to $11.65, up 11% in 24 hours.
On the 29th, it also launched a new service providing around-the-clock quotes for tokenized stocks and commodities, even on weekends. Aave was the first to use it.
I think the positives outweigh the negatives. Around $11.4 is the level it just reclaimed; if it retests that level and holds, you could consider getting in. A move above the three-day high of $12 would be needed to reclaim its pre-hack level.
If it falls back below $10.5, it would break below the low from the hackers' attack, so stay away for now. #LINK $LINK
