Link Breaks into the Top Five Largest Cryptocurrencies
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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.
#ChainLink is a young & promising iteration of Blockchain 3.0 with practical application to nearly every industry on the globe. $BCH and $BSV are cult-of-personality based Blockchain 1.0 that will by washed away by digital fiat. $LINK mktcap should be worth twice these combined. pic.twitter.com/w1bvhKaTmx
— Timothy Peterson (@nsquaredcrypto) July 12, 2020
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.
We remind all traders that bxmi.io continues to sell BXMI tokens at the lowest price.
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