Zeus Capital asserts Chainlink will "dump" despite LINK rallying to $10

gepubliceerd op by Cryptoslate | gepubliceerd op

LINK peaked at $10.77, a new all-time high price, on the evening of Aug. 6.

Even with LINK pushing past $10, Chainlink's biggest critic, the new crypto fund Zeus Capital, has been persistent in its criticism of the project.

Zeus Capital, Chainlink's biggest skeptic, is still bearish on LINK. If you've been on Crypto Twitter at any time over the past month, you likely know of Zeus Capital.

Zeus Capital is a crypto fund purportedly based around the world.

The company popped up in the past month or so, sharing a report indicating that LINK was going to fall over 99 percent to $0.07 per coin.

"Based on our findings we have opened a short position in LINK and recommend you doing the same with a target price of USD 0.07 and potential upside of nearly 100%," the final sentence from the report reads.

After the report was released, there were efforts amongst the Chainlink community to "Liquidate Zeus Capital." Hence, buy orders began to rush in, pushing LINK up to the $10 highs that were aforementioned.

Despite the attempts to "Liquidate" the company, which presumably took out shorts on the cryptocurrency through Binance or another platform, Zeus Capital is still alive and kicking.

Zeus Capital also discussed how the project is like "Theranos," the failed biotech company.

Zeus Capital added in separate messages that it isn't going anywhere, suggesting they have deep pockets to share their sentiment that LINK has not much of a future.

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