Despite a short-term correction in Bitcoin and many altcoins, only one Chainlink from the TOP-50 gained almost 25%.
Chainlink growth – The cryptocurrency was able not only to renew its all-time maximum at $ 16.5, but to take the fifth place in the Coinmarketcap rating with a capitalization of $ 5.44 billion. Thus, Chainlink displaced Bitcoin Cash, which has a capitalization of $ 5.38 billion.
It’s time for Chainlink to move into third place in terms of market capitalization, writes renowned analyst Josh Pager.
It is noteworthy that for the third place in Coinmarketcap, the cryptocurrency needs to double its capitalization. Then Chainlink will be able to supplant the stablecoin Tether and the top-end XRP.
Chainlink’s upward movement comes amid news of developer collaboration with various firms that have expressed interest in using Chainlink’s decentralized oracles.
Another analyst Timothy Peterson believes that over the next four months, Chainlink will be able to grow to $ 32 and go deep right there.