Once again today Chainlink is climbing, churning at impressive figures for 2020. At the time of writing LINK was 3.65$.
In recent years, the three top cryptocurrencies per daily trade volume have been Bitcoin, Ethereum’s Ether and Ripple labs’s XRP coin. Over Q1 of 2020 however, it was Chainlink’s LINK token that achieved a higher daily volume than XRP, which, considering the passion of the XRP army, is a serious performance.
Chainlink has indeed had quite a year so far. Its LINK token has been one of the best performing crypto-assets in 2020 and is about to enter the top 10 at coinmarketcap. LINK hit an all-time high on 4 March after the token climbed to 4.9$. Although it was hit hard by the 12-13 March crypto crash, a gradual rise thereafter has significantly recovered the gains that were previously lost.
Looking back, the crash on March 12 started at 3.80$ for Chainlink. In just over a month’s time, the price has rallied back up to the level prior to the crash. Such a quick move shows both strength and growing interest from buyers.
Gemini exchange co-founder Tyler Winklevoss declared just last week: “I really appreciate the passion of the LINK Marines. Their fervor and dedication reminds me of the early Bitcoin and Ethereum communities. Unlike many other crypto armies, they are dedicated to a project that has real promise and technical merit.”