Chainlink Hits a New All-Time High of $25

Jan 23, 2021 | Decrypt News | 0 comments

chainlink-hits-a-new-all-time-high-of-$25

A happy day for LINK owners today as a hefty growth spurt of over 15% in the last 24 hours takes Chainlink’s LINK token to $25, a new all-time high.

Eagle-eyed Link Marines (holders and champions of the coin of the realm) saw the writing on the wall at the start of the week, when LINK dabbled briefly with prices of $22 to $23 on Monday and Tuesday. 

Today, LINK set a new high watermark of $25.45 at 3:41 PM UTC, settling on a market cap of over $10 billion. Its current price is $25.13.

Chainlink: The bigger picture

LINK’s performance, however, is as volatile as the tempers of the Link Marines. LINK hit a new all-time high of $21 on January 15, only to crash by 20% some three hours later.

Still, while Bitcoin’s bull run attracted much gushing from all quarters, Chainlink had an even bigger year, exploding 1300% from a mere $1.77 on New Year’s Day 2020 to its current ATH. 

In other coin news…

Bitcoin briefly plunged to a low of $28,900 this week, bringing it back down to the price it traded at on New Year’s Eve, 2020.

Bitcoin isn’t the only coin seeing red recently. Namesakes Bitcoin SV and Bitcoin Cash are both down 3% in the last 24 hours. This continues a pullback from both Bitcoin offshoots, which suffered approximately 15% losses over the last week. 

Meanwhile, Polkadot (DOT), the fourth biggest cryptocurrency by market capitalization, has risen by 3% in the past 24 hours. In addition, Aave’s AAVE and Tezos’s XTZ increased by 10%, making them the 17th and 18th largest coins by market cap, respectively.

The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.

News Source from Decrypt.co

Related Articles

Activity in the bond market may be slowing the bitcoin rally

Activity in the bond market may be slowing the bitcoin rally

Quick Take Bitcoin is under selling pressure despite the news of Coinbase’s S-1.  Could recent activity in the bond market finally slow the coin’s rally? This feature story is available to subscribers of The Block Daily. You can continue reading this Daily feature on...

Now Grayscale Ethereum Trust Is Trading at a Discount, Too

Now Grayscale Ethereum Trust Is Trading at a Discount, Too

Just this week, shares in the Grayscale Bitcoin Trust began trading at a discount after years of trading at a premium. Now, the Grayscale Ethereum Trust is also trading at a discount for the first time since it opened in 2017. The investment product, which is...

Pin It on Pinterest

Share This