Chainlink doubles price this year
The crypto-YouTube star, Nicholas Merten alias DataDash, has explained to his 331,000 subscribers that in his opinion a bull run is brewing, which will particularly benefit the Altcoins.
Chainlink is continuing its price rally this year as well. The Ethereum-based ERC20 token has risen in the last 6 weeks from USD 1.84 to currently USD 4.48. This means that LINK has already surpassed its all-time high from last year. Within the past 24 hours, Chainlink has once again shown itself to be the biggest winner in the crypto market. With an increase of around 9 percent (at the time of writing), LINK leads the top 20 by market capitalisation, followed by NEO (+4.8%) and Ethereum (+4.1%).
The major thing that I’m correlating this to is the early phase of the 2017 rally. We’re starting to see a lot of the plays that are going to be similar to Ethereum – kind of the frontrunners in the market – and become some of the new large-cap plays that really lead in this cycle – are really starting to showcase and shine here. And I think Chainlink is one of them. […] We’ve gotten above the resistance range here.
Author : Jake Simmons