Kataryna Kovtun August 14, 2020
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- 1 LINK has now secured its fifth position in the ranking of the largest digital currencies.
- 1.1 Closest competitor LINK
LINK has now secured its fifth position in the ranking of the largest digital currencies.
This week, Chainlink token (LINK) made a breakthrough and surpassed Bitcoin Cash (BCH) in capitalization.
At the time of this review, the coin is trading at $ 16.92. Over the past 24 hours, cryptocurrency capitalization has grown by more than 20% to $ 5.921 billion.
Analyst Timothy Peterson predicted back in mid-July that LINK would have enough potential to bypass Bitcoin SV and Bitcoin Cash in terms of capitalization.
In parallel, the same expert admitted that the capitalization of Chainlink in the future would be higher than the cost of Bitcoin SV and Bitcoin Cash combined.
Closest competitor LINK
The closest competitor of the token is now the stablecoin Tether (USDT), whose capitalization exceeds $ 10 billion. To bypass this rival, the LINK rate must rise to $ 28.9. To bypass XRP, the coin must rise above $ 36.
However, such tasks are not at all fantastic. This altcoin has been performing well for the second year in a row.
Even the March collapse could not break the trend for the long-term strengthening of the token. According to Timothy Peterson’s forecasts, LINK price could reach $ 32 by the end of 2020.
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