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If Greyscale publishes a name for Chainlink then it's certain that Chainlink's price will go up.
The simple reason is that Greyscale is a very large investment company that has large funds to maintain the price of Chainlink.
This is great news from Greyscale for Chainlink Coins. Perhaps it is better for traders to get into the Chainlink coin trade than to miss the train later.
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hat happens to Chainlink’s price if Grayscale lists it?
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AMBCrypto
AMBCrypto
ALTCOINSWhat happens to Chainlink’s price if Grayscale lists it?AvatarPublished 6 hours ago on January 28, 2021By Akash Girimath
Source: Pixabay
Institutional investors are clearly interested in cryptocurrencies. This is evidenced by the fact that institutional money is drying up the sell-side liquidity, pushing Bitcoin prices higher. However, it won’t be long before these investors get a taste for the volatility and superior returns that Bitcoin and the cryptocurrency markets offer. Hence, it will only be a matter of time before investors attempt to diversify into altcoins.
While Ethereum is the most popular cryptocurrency after Bitcoin, investors will want more. This is where investing companies like Grayscale and other institution-faced platforms that offer altcoin investments will come into the picture.
