Now it is the turn of the Altcoins: Chainlink reaches new all-time high
- Chainlink crosses the US $ 22,50 barrier
- Is the ailing Bitcoin price the engine for altcoins?
It almost looks as if the ailing Bitcoin price will not have any negative effects on the Altcoins, as it did in 2017, but rather be a kind of engine. Because some altcoins even recorded a plus in the course of the Bitcoin correction.
All time high! Chainlink in flight
The chainlink cryptocurrency was particularly interesting here. Because, quite unaffected by the Bitcoin performance, the price of the cryptocurrency rose by 30 percent. In the last seven days, Chainlink was able to record a price increase of 45 percent - if you compare the current price with the previous year's level, it is an increase of 821 percent.
After Chainlink hiked from over 18 US dollars back towards 14 US dollars, there was then a new bull run - over 22,50 US dollars.
Chainlink may clearly be one of the surprises in January. So far, this cryptocurrency has received little confidence in setting a new all-time high.
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At Bitcoin-News.One, we believe that Chainlink's soaring will continue. Of course, the further price development will also depend on how the Bitcoin price develops.
A weakening Bitcoin price has always harmed the Altcoins so far; However, things could look very different in 2021. It seems like a flagging Bitcoin will actually end up being the fire for many altcoins.