A new all-time high
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
$72,924.00
5.80%$2,655.56
6.40%$607.00
2.65%$181.14
3.54%$0.999462
-0.10%$0.529411
3.14%$2,654.78
6.46%$0.174501
14.70%$0.165656
1.17%$5.11
2.86%$0.353401
5.35%$0.00001923
10.98%$3,151.48
6.59%$27.02
5.73%$72,925.00
5.89%$2,656.02
6.47%$384.72
7.18%$11.61
7.22%$4.23
4.81%$6.08
1.08%$2.03
23.44%$0.994336
-1.84%$73.57
5.39%$4.45
6.99%$9.99
12.42%$2,793.17
6.49%$7.93
5.83%$0.00000975
11.58%$539.60
6.63%$8.11
5.80%$1.35
11.86%$162.55
1.10%$19.39
4.63%$0.096522
3.55%$0.113688
-3.41%$1.86
10.08%$19.02
2.44%$1.001
0.10%$2.67
17.27%$0.336548
6.42%$0.998382
0.03%$39.77
2.97%$1.42
9.66%$151.93
2.12%$3.70
4.99%$0.546563
7.54%$1.72
10.99%$0.076744
5.00%$6.11
8.91%$0.606553
5.99%$0.72142
7.71%$5.14
8.61%$20.30
9.40%$0.050009
5.19%$0.02263358
5.42%$4.55
5.22%$1.78
21.81%$1.18
1.15%$2,654.20
6.35%$0.00002237
10.06%$0.160731
7.06%$0.395818
10.87%$0.00014962
14.36%$1.071
4.32%$2,980.03
6.48%$0.394972
12.77%$2,775.83
6.48%$2.12
9.73%$1.23
7.43%$1.38
3.08%$7.04
5.46%$5.37
10.75%$8.97
3.87%$17.11
10.71%$9.23
1.76%$72,864.00
5.92%$0.390168
15.55%$0.737958
12.17%$52.52
4.58%$0.123363
7.63%$0.101899
11.08%$1,142.30
3.87%$0.01906161
10.47%$1.097
9.92%$222.87
3.72%$0.01913374
8.69%$2,724.88
6.47%$62.39
3.78%$0.01021897
9.98%$2.69
0.63%$0.336391
6.39%$0.938355
7.97%$0.0000009
4.04%$1.29
6.49%$0.02140577
7.95%$0.925777
10.56%$3.21
-2.90%$0.545372
7.89%$2,645.59
6.21%$5.11
15.85%$72,942.00
5.85%$0.000002
19.06%$1.087
7.40%$36.50
11.62%$0.396344
8.20%$5.03
7.13%$9.48
4.95%$72,992.00
6.27%$0.997775
-0.41%$0.00724629
7.26%$0.126183
1.58%$10.18
7.84%$0.00170467
14.65%$0.01411402
4.48%$0.0000361
4.00%$0.467155
4.57%$25.68
9.91%$0.154809
10.76%$72,789.00
5.88%$0.696833
13.41%$0.25337
11.27%$189.95
3.69%$0.675559
6.64%$2,769.13
0.96%$1.048
5.94%$72,646.00
5.52%$0.802758
16.93%$0.0095937
10.70%$1.017
5.15%$0.996007
-0.10%$0.548323
8.32%$0.00922136
12.68%$2,733.80
6.65%$0.259434
5.46%$1.36
12.58%$0.01356747
6.23%$2,655.16
6.42%$0.999053
-0.13%$2.41
9.09%$1.21
1.64%$0.999714
-0.10%$38.58
1.29%$0.311246
7.92%$0.063594
5.47%$17.48
9.52%$215.35
0.84%$1.57
6.85%$0.00000026
11.87%$2.94
7.00%$2,764.59
0.28%$0.0000936
4.30%$0.055472
3.89%$2,656.02
6.48%$2,879.12
6.63%$0.077617
1.18%$0.453941
16.47%$1.85
4.75%$1.71
18.06%$0.137814
11.19%$2,658.95
6.71%$0.00495789
10.56%$0.995923
-0.12%$1.50
11.39%$8.50
8.79%$1.05
6.45%$0.070451
12.32%$0.23582
9.67%$2,649.54
6.43%$1.054
4.61%$0.00000044
0.96%$0.00
11.13%$24.16
6.66%$0.057086
6.56%$0.02816941
1.69%$0.117987
8.08%$0.140636
10.61%$3.66
10.52%$73,029.00
5.99%$0.407637
1.82%$0.993465
0.68%$11.33
6.59%$1.067
0.06%$0.04227517
12.18%$2,656.75
6.69%$0.07837
17.54%$45.05
6.58%$1.062
0.04%$0.01341886
5.40%$2,659.00
6.61%$7.95
8.60%$0.05657
5.82%$0.500221
3.98%$0.347442
10.28%$0.678772
9.49%$0.204957
17.16%$0.999172
-0.16%$1.001
-0.17%$3.27
9.53%$0.72114
3.81%$0.00666141
11.38%$2,843.80
6.54%$182.96
3.65%$1.51
4.61%$0.265891
6.88%$1.60
13.12%$2,762.14
5.99%$0.0006376
8.39%$2,919.37
6.25%$83.98
1.32%$0.17388
14.20%$0.783432
8.19%$0.322126
7.01%$0.317222
17.37%$0.458439
8.02%$2.47
0.14%$0.257643
8.27%$1.51
11.19%$0.680895
13.12%$0.00384397
3.68%$0.00094118
10.28%$0.00171703
9.24%$0.346305
8.26%$72,507.00
6.01%$3.60
-2.36%$0.302081
21.10%$1,464.25
5.80%$2.43
18.63%$2,811.92
6.37%$0.02940886
1.84%$2.90
26.31%$2.97
1.73%$72,863.00
5.94%$0.338108
9.41%$3.64
2.97%$46.22
18.89%$0.01477407
6.70%$17.85
5.43%$23.22
4.02%$0.727162
10.26%$0.00481445
6.10%$0.094796
0.56%$6.73
8.57%$0.151317
7.32%$4.06
6.02%$0.240083
7.07%$0.01825384
9.40%$0.36182
3.15%$23.76
15.84%Chainlink (LINK) is again on the move today, after gaining 25.5% in the last 24 hours to reach its current value of $13.49—its all-time high
Chainlink, the token that powers the decentralized price oracle, now occupies the position of seventh-largest cryptocurrency by market capitalization after leapfrogging Cardano (ADA) last night.
The recent move continues almost two weeks of near-constant growth for Chainlink, which has been on the up since July 27th. From trough to peak during this time, LINK has more than doubled in value, and the cryptocurrency is now up 61.7% in the last week and 121.8% in the last month. Chainlink is now at its highest ever value and is one of the best performers in 2020.
LINK currently has a market capitalization of just over $5.18 billion. If Chainlik's price rose by a further 20%, its market cap would surpass its nearest competition (Bitcoin Cash) could see it take its spot as the fifth-largest cryptocurrency.
Although many LINK holders are no doubt elated at the recent price action, cryptocurrency asset management firm Zeus Capital is of the strong opinion that the cryptocurrency will dump at some point. To elaborate on this opinion, Zeus Capital released a 59-page document explaining why it believes Chainlink is overvalued and liable for a catastrophic dump.
The report has been controversial as the firm is also suspected of doubling-down on its position with a $20 million LINK short, which may have been completely liquidated after LINK broke above $12.80.
Chainlink's recent meteoric growth comes despite US cryptocurrency broker Coinbase temporarily disabling buy and crypto-to-crypto trades for LINK. These have now been re-enabled on the platform, but Coinbase hasn't yet revealed what the issue was.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.