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(BTC) Bitcoin News TodayAltcoinChainlink (LINK)Ethereum (ETH)Ripple (XRP)

Bitcoin Price Rally: ETH, XRP And LINK Eye New ATH

After almost one month of setting new price highs in this past month, Bitcoin price has set another one again. Like it’s the usual case, most altcoins are also following suit. The most notable ones being XRP, Link, and ETH.

Ethereum Attains a New Peak Price in Successive Days

After setting a new peak price of $2,216 yesterday, the second-largest crypto-asset based on market cap recorded another feat today by attaining a price of $2,221.5. Despite remaining in a consolidation stage for most parts of last month, Ethereum has started and maintained a bullish trend this month.

ETH/USD chart from TradingView

Even though there has been lots of online agitation regarding Ethereum’s rising gas fees in recent months, this agitation has lost its intensity in the last five weeks. The reason for this loss in intensity is quite unknown given that the gas fees remain at $11.08 (which is still high) but the Binance Smart Chain network has experienced thrive the volume experienced on the Ethereum platform.

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The rapidly decreasing marketing supply is a factor still working in Ethereum’s favor. The cause of the decrease is that most ETH is being deposited in ETH 2.0 contracts, while some are being stored in cold storage wallets.

Chainlink Approaching a New Peak Price

The link token became the talk of the crypto world at the beginning of last year when its price rose to 10x of the initial price in a period where other digital currencies were still consolidating. As of two months ago, $link attained a new peak price of about $37, but many crypto experts are still predicting that it will start a new bullish run like that of last year.

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While this altcoin currently trades at about $33 (having experienced a 0.6% loss in the last 24 hours), it can become one of the top five virtual currencies again for two reasons. One, the launch of link trust, and two, the grayscale’s inclusion of it their large-cap fund.

$Link/USD chart from TradingView

XRP on a 3-Year High After Waking Up from Slumber; Will It Set A New Peak Price?

After dropping to a new low of about $0.175 early in the year because of the currency company’s legal battle with sec and the delisting of the currency by lots of U.S. Crypto exchanges, XRP has been on a bullish rally a month afterward.

XRP/USD chart from TradingView

Due to new developments in the legal case of ripple with sec (which currently favors the company), XRP has started surging since the beginning of this month. It currently trades at about $1.7 after rising by more than 15% to set a fresh 3-year high.

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Even though it has been delisted from over 11 platforms, its current volume has exceeded that of 2017 when it set its current ATH. Hence, it is highly likely that it might set a new one soon. If ripple wins its lawsuit, XRP might be on a sharp rise which may not end or pause before this year ends.


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Shelly Melancon (Switzerland)

Shelly is a cryptocurrency enthusiast from Switzerland, she bought her first crypto in 2015 when it was way less popular then it is today and since 2017 she has been writing about cryptocurrency for online news portals. Shelly is the newest addition to the Tokenhell team, she writes mostly news and reviews related articles , stay tuned to her posts to stay up to date with the crypto world.

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