Chainlink’s LINK has achieved a new all-time high

  • LINK, the seventh-largest crypto token by market cap, has recently achieved a new all-time high at the level near $25
  • Since this New Year, the token has surged by more than 105%
  • There seems a chance for the token to retest record highs towards the level of $28
  • Where LINK was soaring, Bitcoin had a significant plunge in its price level

LINK, the native crypto token of Chainlink, has created a new all-time high price record near the price level of $25, on Saturday. It is observed that since the beginning of this year, the token has gained more than 105%. The token created a new record following a sharp rise in the last 24 hours. It was also observed that with the soaring price, the total market cap of the token also soared to more than $10 billion. 

The price-performance of Chainlink’s LINK

The performance of LINK in recent months remained highly volatile. Though the day was very happy for the token holders, it dropped by a slight margin, the next day. Earlier this month, while the price rally of Bitcoin was attracting several enthusiasm from all quarters, LINK was exploding 1300%. If we observe the surge LINK level had, it was very significant for the token, as it skyrocketed from $1.77 to $25, within a month. On the other hand, the total market cap of the token has surged from $4.5 billion to more than $10 million.

Technical analysis and future prediction of Chainlink

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According to the data from CoinMarketCap, LINK is the seventh-largest crypto token by market cap. It created a new high record of ATH, although at press time having a dip at $23.80. A sustained move above the latter could drive the token near the $25 mark. Above the mark, the ATH would be retested. On radar of the buyers, the pattern target is measured above $28. However, if the correction in the price boosts, then the next support level is at $23.37, which is likely to challenge its commitment to the lower side. If the support at $23.85 caves in, then the users may not find a bullish momentum.

Performance of other crypto assets

Last week, the leading crypto token Bitcoin plunged to a lower level at $28,900. However, Bitcoin is not the only token whose price took a dive as Bitcoin SV and Bitcoin Cash were also down by 4%. Meanwhile, POLKADOT continued to soar in the market with AAVE. Over the last seven days, DOT was up by more than 3%, AAVE has surged more than 32%.

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Ahtesham Anis
Ahtesham Anis is a Computer Science undergrad student currently based out of India. Coming from the business background and his keen interest in Cryptocurrency and Blockchain technology is what Ahtesham brings to the table. He is always an eager learner when it comes to exploring the new technologies and topics in the crypto world.

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