Chainlink’s price skyrockets 60% in five days, hitting a new all-time high of nearly $14 as Bitcoin remains stable at $11,700 as we are reading more in the upcoming Chainlink news.
Chainlink’s price skyrockets to a new all-time high as Bitcoin continues to fluctuate in a range from $11,400 to $11,800 as most of the altcoins are trading in green. Chainlink attracted a new wave of interest after the past 24 hours and a fresh all-time high was painted. After the sudden drop to $11,200, the number one cryptocurrency managed to regain composure as the bulls didn’t allow it to see further declines so they pumped the price higher.
Since then, Bitcoin was relatively stable and fluctuated between $11,500 and $11,800. The previous price point remains the first significant resistance for BTC which has to be overtaken if the asset plans to challenge the psychological line of $12,000 and head above the 2020 uncharted territory. The $11,400 level stands below the major support level to assist in case another price drop happens below $11,000.
Most of the altcoins are in the green. Ethereum recovered from its short-term loss with a 4% increase to $395 and Ripple is trading at $0.30 without any substantial movements. Bitcoin Cash, Litecoin, Eos are up by 2% while Binance Coin is up by 3%. Tezos and VeChain are among the most important gainers over the day in the top 20 coins as XTZ went up by 11% to $3.42 while VET increased by 9% to above $0.02. Balancer increased by 50%, Decentraland by 44%, Flexacoin by 28%, Algorand by 18%, and Kava by 12%.
The total market cap increased to $357 billion while the BTC dominance stands at 60.5%. One crypto missing from the gainers is Chainlink. LINK was one of the best performers over the entire 2020 and it entered the new year at $1.73. Yesterday it hit $13.9 to confirm the 700% surge in eight months. LINK dropped to a $9.4 in the past two days and reached $13.9 a day later which means the price jumped by 50%. The asset did retrace to $12.75 as of the time of writing managing to climb several spots in terms of total market cap ranking in the 6th place.
The popular crypto analytics company Santiment rolled out a new high metric for Chainlink as the number of daily addresses reached $15.6k.
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