Chainlink Moves Up In Ranking After Surpassing Litecoin As LINK Price Reaches New ATH

Chainlink’s native digital currency has been impressive over the course of the past couple of days as it has registered significant achievements during this time frame. LINK’s price value recently reached a level not seen in its entire history. Moreover, it overtook Litecoin’s native cryptocurrency LTC in terms of market capitalization.

LINK Reaches New All-Time High Value

Earlier on the 23rd of January, an upward movement was noted in the price behavior of LINK, which afterward reached a new all-time high value within the duration of no time. According to the data presented by Trading View and CoinMarketCap, the price value of LINK jumped above the mark of $25 to set a new all-time high value.

LINK has hit this price level for the first time in its complete history. By surging above the $25 figure, it has broken its previous all-time high value, which is made at the beginning of this month when its price value broke the level of $20. LINK remained the best-performing digital asset throughout the year 2020, and it has started doing that once again in the current year as well.

At the time of writing, it is trading at around $23.88, with a change rate of 0.52 in the past 24 hours. It is now looking at the bullish breakout of $30, which is the next target for the coin. The overall sentiment for LINK is bullish as the coin is up by more than 18 percent on a weekly basis.

Now Chainlink Is A Bigger Cryptocurrency Than Litecoin

With this price rally, the market capitalization of LINK surged exponentially and nearly touched the figure of $10 billion. The potential surge in the market cap helped the coin to outshine Litecoin (LTC) in terms of market capitalization. LINK is now a bigger cryptocurrency than LTC as it has become the seventh-ranked digital currency by market value and has pushed Litecoin lower to the eighth spot.

It is now aiming at overtaking Cardano’s native digital asset ADA ($10.9 billion) and is very near to surpass it in terms of market cap.

Isacco Genovesi

Author: Isacco Genovesi

Isacco writes news articles, reviews and guides about cryptocurrencies including technical analysis, blockchain events, coin prices marketcap and detailed reviews on crypto exchanges and trading platforms.

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