Chainlink (LINK) Becomes the Six-Largest Cryptocurrency After Reaching New ATH

Another massive rally has been shown by the top-performer cryptocurrency Chainlink (LINK) as the coin has set its new all-time high-value today on August 9, 2020. The price value of the coin has reached $13.92 by securing massive gains within the duration of just 24 hours. Due to this potential rally, Chainlink’s LINK cryptocurrency has become the sixth-largest cryptocurrency by market capitalization.

LINK reaches its highest-ever value

Since the start of the year 2020, Chainlink (LINK) has been the top performer so far in the cryptocurrency market. It has surprised the market several times with its bullish moves. Recently, it crossed the $10 figure for the first time in history and made this value an all-time high. But as the coin is continuously showing constant growth in the upward direction, this ATH value could not sustain any longer as the price of LINK has broken this value to set a new all-time high at $13.92. This is the highest value for the LINK that it has ever made.

For over the course of the last 24 hours, the 2020’s best-performing cryptocurrency has secured more than 25% gains in order to reach its new high value. The price value of LINK is still exhibiting highly-bullish sentiments in the market as at the time of writing, the cryptocurrency is up 21.83% while trading greenish at $13.92.

Chainlink Surpasses ADA to become the sixth-largest cryptocurrency

After making new all-time high-value today, Chainlink’s LINK digital asset has also improved its rank on CoinMarketCap as the coin has now secured the sixth rank by market capitalization. In order to become the sixth major cryptocurrency, LINK has surpassed Cardano’s ADA digital currency. Currently, LINK is holding the market capitalization of over $4.8 billion. While on the other hand, Cardano’s ADA, with a market cap of over $3.7 billion, is standing at the eight spot now.

If Chainlink continues moving up with this bullish pace, it may overtake the current fifth-ranked digital currency Bitcoin Cash (BCH) by market capitalization as well.

Michael Ellis

Author: Michael Ellis

Michael is an avid cryptocurrency enthusiast and writer. He is the main writer for Cryptocoin Stock Exchange.

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