Chainlink (LINK), the 9th largest crypto by market cap, has hit a new all-time high (ATH) of $9.50.
Around mid-morning on Tuesday, Chainlink surged by over 15% to reach $9.50. Its previous ATH was in mid-July. As at press time, the crypto is currently trading at $9.57, representing a 30% total gain in just two weeks. Compared to the king coin Bitcoin and leading altcoin Ethereum, Chainlink is up by 11.76% and 9.88% respectively.
The steady uptrend has given the crypto holders a bullish outlook, hoping that it would surpass $10.00 soon. When compared to last year, Chainlink has grown by over 400%. As at August 2019, it was trading under $3.00.
In early March 2020, it was trading around $4.80 before the coronavirus pandemic hit. On Black Thursday, a day in March that crashed the crypto market, it crumbled down to $1.52.
July was an interesting month for both Bitcoin and Chainlink as both tokens experienced high volatility. Bitcoin surpassed $10,000 and settled in the low $11,000 while Chainlink attained its previous ATH at $8.50 only to dip down to $6.60.
Investors used the bearish moment to scoop up more of the token, driving its value up steadily until it reached its new ATH.
According to Binance CEO, Changpeng Zhao, the crypto market is now in the altcoin season.
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