The price of Chainlink (LINK) is up 3.9% in the last day at its current price of $3.34—an increase of 74% in the last month. While its price is down from a recent high of $3.60, the coin is one of the best performing cryptocurrencies in the last two years.
Overall, the earliest Chainlink investors are now at an almost 3,000% profit compared to the $0.11 initial coin offering (ICO) price, while those who purchased and held LINK from its lowest point on the open market ($0.138) have now have multiplied their investment by 23x.
During 2019, the price of Chainlink rose 485%, outperforming all coins in the top 100 by market cap. Only a handful of low cap altcoins, such as Omnitude (ECOM)—ranked 1,267 on CoinMarketCap—beat it.
The coin climbed as high as $4.88 in March 2020. LINK was catapulted up the cryptocurrency rankings in terms of market capitalization during this time, securing the position of 11th largest cryptocurrency, which it retains to this day. Its market cap now sits at $1.67 billion.
Chainlink has also outperformed Bitcoin (BTC) in the medium term. Chainlink has increased 400% in value against Bitcoin over the last year, according to data from Messari Pro.
This performance has helped it capture the eye of Tyler Winklevoss, co-founder of the Gemini exchange. In a recent tweet, he praised the dedication of the "LINK Marines" and the Chainlink project itself for its technical merit.
I really appreciate the passion of the $LINK Marines. Their fervor and dedication reminds me of the early Bitcoin and Ethereum communities. Unlike many other crypto armies, they are dedicated to a project that has real promise and technical merit.
The tweet comes just a week after it was announced that Gemini would list Chainlink in addition to two other cryptocurrencies. The cryptocurrency is already listed on other major exchanges, including Binance, Coinbase Pro and Kraken.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
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