Recently, all attention is attracted by Bitcoin and news related to it. Against this growth, many Altcoins remain in the shadows, but there is a Chainlink token, which shows off its native landmine. Only in the last month it has grown by 270%.
Link beats all rivals
Over the past June, the token has grown by almost 270 percent, and the market capitalization has exceeded 1.2 billion dollars. In fact, the project now occupies 16th place in the CoinMarketCap ranking, ahead of IOTA, Cosmos and even Ethereum Classic. If the coin manages to collect another 150 thousand dollars of capitalization in the near future, it will overtake Dash.
Price LINK from the beginning of the year. Source: Coinmarketcap.com
Against the background of a rather sharp collapse of the rest of the crypto market during the Asian session, LINK continues to gain momentum. At the time of writing, the price of the coin has already reached $ 3.5. Considering that at the beginning of the year, its price did not exceed 30 cents, the increase exceeds one thousand percent.
Very few projects can boast such indicators. Even Lightcoin, with its threefold growth this year, is far behind. It is worth noting that over the same period, Bitcoin growth is around 200 percent.
Could this be a FOMO effect?
Now Chainlink for the cryptorinka is just as hot a pie as EOS was in April last year. However, as practice shows, FOMO in the world of altcoins can fade as sharply as it appeared.
Most likely, LINK’s growth can be caused by several factors at once. At least part of the pampa was due to a listing on Coinbase Pro. Also, a candle on the chart at the beginning of the month could be caused by the mention of Chainlink in a Google Cloud article in June.