The shining star of 2020 Chainlink (LINK) has once again proved that it is the best-performing cryptocurrency of the present year as the coin’s price has skyrocketed during the last twenty-four hours. A few minutes ago, the price value of the coin has blasted through the $14 mark to set a new record value at $14.31. After entering into the double-figure recently, it is the first time for the 2020’s top-performing digital asset that its price has reached this figure.
Currently, at the press time, the price value of LINK is trading in the bullish zone at $14.31 with a positive change rate of 19.49% in 24 hours. This amazing bullish outlook of the coin shows that LINK is rapidly heading upward.
LINK Price skyrockets to make new ATH
LINK’s bullish momentum is intact for the past two weeks but during the last 24 hours, it has climbed to the peak level. The price of Chainlink’s LINK was able to gain more than 26% during this time which helped the coin to enter into the $13 price zone. Continuing this bullish momentum today on August 9, 2020, LINK has registered another new all-time high value at $14.31. The coin has not reached this level ever before in its entire history which means it is a great achievement for the Chainlink’s LINK cryptocurrency.
During the past month, the price of LINK has surged by over 121% while rising high from $6 to climb over $14. This price rally is not over yet as the coin’s price keeps moving up and it apparently seems, while looking at the coin’s ongoing performance, that there is nothing going to stop LINK from reaching $15 in the coming days.
Chainlink (LINK) now holds the sixth-rank on CoinMarketCap
Chainlink’s LINK digital currency had already made its way into the top ten major cryptocurrencies by market capitalization. But this bullish rally has now made LINK the sixth-largest digital currency by market cap.
Along with the rising price value of LINK, its market cap has also surged high. With a market cap of over $4.9 billion, LINK has overtaken Cardano’s ADA token to hold the sixth rank on CoinMarketCap and is now on its way to becoming the fifth-major cryptocurrency.