Where the leading digital asset Bitcoin is struggling for a bullish rally, the altcoin Chainlink has recorded an outshining performance in the span of the last twenty-four hours which led the coin to enroll itself in the list of top ten cryptocurrencies by market capitalization but only for a shorter period of time. However, currently, LINK is holding the eleventh spot.
LINK price skyrockets by 30% to reach new ATH
Chainlink (LINK) is continuing its upward movement and has once again appeared to be an outshining altcoin in the market as the price value of the coin surged by more than 30% and registered a new all-time high value at around $8.53.
The previous ATH value for the coin was $5 but a rally of over 100% within the duration of just a few days sent its price to a new all-time high value at around $8.50. The value of LINK is on a significant rise since the beginning of the year 2020. Since January 1, its value has risen by over 372%.
LINK’s price has fallen back to $7.16 after hitting its all-time high but still, the price is trading in the bullish zone and is up over 5%. After posting such a monster rally, LINK has now set a new target to reach the $10 figure. But for now, it is crucial for the coin to sustain its current bullish performance because if it drops below $7, it may likely fall into a bearish sentiment.
Chainlink claimed the tenth spot by overtaking EOS and CRO
Looking at the performance of LINK throughout 2020, it was expected from the coin to make its way into among the top 10 and it succeeded in turning this expectation into reality as the coin claimed the tenth position earlier today.
Chainlink’s LINK left behind both EOS and Crypto.com’s CRO token to overtake the tenth spot. However, CRO has once again taken back its tenth spot. Currently, the coin is holding a market cap of more than $2.5 billion according to Coin Market Cap.