Good news for all Chainlink holders: On Wednesday the Oracle-Coin conjures up another outstanding performance on the crypto-parquet and confirms this with a new all-time high. Now LINK is even ahead of Bitcoin Cash at number 5, while Tezos is fighting its way back to number 10 in the crypto charts. Further ahead, the market leader is recovering from the strains of the previous days. We take a look at the current market situation in crypto space.
Bitcoin price current
The Bitcoin experiences a quiet Wednesday. At the time of writing, the leading crypto currency is trading at 11590 USD, which is a daily gain of 0.77%. The bulls are therefore on the verge of leaving the resistance at 11600 USD behind. In the past 24 hours, the trading volume has climbed to around USD 27 billion, and more and more traders are pumping capital into the market. On the downside, the next support lines are now at 11400 USD and 11200 USD.
LINK on rank 5
Chainlink knows no limit these days! With a renewed price increase of 20.07% the Oracle-Coin is positioned on position 5 in the crypto charts. Currently, LINK has a price of 15.35 USD and a market capitalisation of approx. 5.3 billion USD. Since the beginning of the year, investors can look forward to a price increase of more than 600 %. Once again, Chainlink shows that it can act as the driving force of a new Altcoin Season. In contrast, the BTC is losing further market share on Wednesday.
BTC Dominance Index falls below 60
The Bitcoin Dominance Index is considered an important indicator to determine the balance of power between “digital gold” and alternative assets. Due to the enormous price gains of some Altcoins, the index fell to 59.9% today, Wednesday. Quite a few experts expect an Altcoin Season 2020. Ethereum 2.0, the performance of LINK and the booming DeFi market… All these developments speak for a new Altcoin rally.
Tezos before all-time high
Tezos positions itself with a daily ralley of 10.58% on rank 10 in the crypto charts. Due to the new pump, the platform is only 2 cents short of a new all-time high. Currently, the market capitalisation of XTZ is around USD 3.3 billion.