Quick take:
- ChainLink (LINK) continues on its impressive run in the crypto markets.
- LINK has edged out Binance Coin (BNB) and Litecoin (LTC) on Coinmarketcap.
- LINK is ranked 8th and seems destined to take the number 5 spot from Bitcoin Cash (BCH) edging out Cardano and Bitcoin SV in the process.
- FOMO on LINK might have kicked into high gear and the rise of the digital asset is certain.
Just yesterday, ChainLink (LINK) managed to edge out Stellar (XLM), Tezos (XTZ), EOS and Crypto.com Coin (CRO) in terms of market capitalization as tracked on Coinmarketcap. LINK has since continued on its impressive run in the crypto markets hitting a new all-time high of $8.973 on Binance Futures and approximately $8.92 on the spot version of the platform. At its current rate of price movement, LINK is well on its way to hitting $10 before Bitcoin can retest $10,000 once again.
BCH, ADA & BSV Next on ChainLink’s (LINK) Chopping Block on Coinmarketcap
With LINK pushing higher in the crypto markets, the digital asset has managed to edge out Litecoin (LTC) and Binance Coin (BNB) according to market capitalization. LINK is currently ranked 8th on Coinmarketcap and looks set to edge out Bitcoin SV, Cardano (ADA) and Bitcoin Cash (BCH) on its path to the number 5 spot on the tracking website.
$12 LINK is What is Needed to Rank 5th
A $10 LINK would put the digital asset’s market capitalization at $3.5 Billion and slightly above Cardano at $3.433 Billion. For ChainLink (LINK) to edge out Bitcoin Cash (BCH), the digital asset would have to surpass the $10 price prediction and trade continuously above $12.06.
As wild as the prediction of a $12 LINK might be, it is not impossible. Such a scenario has been foreseen by Timothy Peterson of Cane Island Alternative Advisors. In a tweet 48 hours ago, Mr. Peterson predicted that the future of LINK is bright. He added that the young crypto project of ChainLink has practical applications in nearly every global industry and the future could find LINK eclipsing both Bitcoin Cash and Bitcoin SV in the crypto markets.
Mr. Peterson had this to say about the future of LINK.
#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.