Previous article ChainLink hits new all-time high of $9.50 Next article Worlds First Bitcoin ICO Presale Ends 15th March Buy Now Buy Now Worlds First Bitcoin ICO Presale Ends 15th March Buy Now Buy Now Home Latest Cryptocurrency News ChainLink hits new all-time high of $9.50 ChainLink hits new all-time high of $9.50 By - min read Updated 07 September 2020 LINK has hit a new all-time high after surging 15% in the past 24 hours Firmly established among the top 10 cryptocurrencies by market cap is ChainLink, with a market cap of $3.29 billion according to CoinMarketCap. In the last hour at the time of writing, the price of ChainLink against the US Dollar hit a local high of $9.50, the highest price the token has reached so far. The uptrend sees LINK surpass its previous all-time high reached on July 15, up by 15% in the past 24 hours, bringing total gains over the past week to well over 30%. LINK has also been strong against the top two market leaders; at the time of writing, the altcoin is up 11.76% against Bitcoin and 9.88% against Ethereum. The overall sentiment around the token is bullish and holders — or ‘ChainLink marines’— could attempt to challenge resistance at $10.00. Another leg up for LINK/USD? The price of ChainLink has surged over the past several months. After dipping to lows of $1.52 on Black Thursday in March, the altcoin’s price followed an uptrend that included a 75% jump in two weeks — jumping from a low of $4.70 on July 6 to its previous high of $8.95 on July 15. Bulls however ran into a massive wall of resistance around that time and the price of LINK/USD plummeted to lows of $6.40 on July 27. The retracement coincided with Bitcoin’s upsurge amid strong volatility, with most altcoins dipping even as BTC/USD broke above $10k. But over the past week, ChainLink bulls have pushed the popular coin’s value up. Price chart for LINK/USD. Source: TradingView An erratic dip on August 1 saw LINK/USD plunge from a high of $8.50 to an intraday low of $6.60. However, the 20% dive only saw holders of the decentralized token seize the opportunity to buy the dip. The accumulation increased the number of unique addresses, with wallets holding 1,000-10 million coins also spiking over the past three days. Also on the bullish side is the overall social sentiment of the coin, another likely reason why LINK/USD might yet extend its impressive rally of 485% YTD. As of writing, LINK/USD is trading at $9.33. Crypto analyst Josh Rager thinks the slowdown is “a breather” and ChainLink will soon break $10.00. According to him, LINK/USD breaking above $10.00 is “only a matter of time after a break and close above $8.70” Share this article Categories Analysis Tags Chainlink News