My thoughts on Chainlink price pump after Google Cloud partnership

The price of chainlink token has went up higher and higher without any real use case. Chainlink was trading at 40 cents a few months ago. It's over 1.7 dollars now. That's a price spike of over 4x.

Yes, there is the Google partnership thing but it isn't up yet. I mean, the use of chainlink tokens to a link chainlink with Google Cloud isn't production ready yet. It will take time to develop and implement. Also it is important to note that the partnership is with Google Cloud not other major products of Google.

People are buying it in droves without understanding the partnership properly. The partnership is with Google Cloud which made revenue of about 4 Billion dollars in 2017. Google cloud didn't disclose information on how much revenue it made in 2018 which makes me think they performed worse than 2017.

There is a big difference between Google Cloud and other Google products such as Google Search and YouTube. The partnership is with GCloud only. That's why, I don't think a price spike from 40 cents to 170 cents is sustainable for long term. I believe the market will understand this pretty soon.

Public Disclosure: I am shorting #chainlink on Nuo Network.