Prominent altcoin, Chainlink [LINK] had been in the news all week following a significant increase in its price. Earlier today, the coin hit an all-time high which further fueled the popularity of the coin. Along with this, Cardano [ADA] and Tezos [XTZ] was also seen outperforming several other coins.
Altcoins Steal The Show
Bitcoin has been dominating the crypto industry for the longest time. Altcoin holders have been in an anticipation of an alt season. Seems like the market has been inching towards an alt season as several coins have observed a significant rise in its price. Last week, the market turned green and shot up the prices of almost every altcoin. For a brief period of time, the market turned red, however, no significant slump was recorded.
Once again, the altcoins are up and about recording new highs. The best performing altcoins during the latest altcoin rally were,
1. Chainlink [LINK]
Chainlink [LINK] undoubtedly stole the limelight as it was seen towering by 20.9 percent over the last 24-hours. Earlier today the coin even hit an all-time high of $8.00.
LINK was undoubtedly one of the best performing altcoins as the coin witnessed a whopping 92.1 percent increase over the last thirty days and a 65 percent surge over the last seven days.
At the time of writing, the entire market had turned green further paving the way for new highs and LINK was trading at $7.85.
Crypto Community Reacts
Soon after its price movement, Chainlink [LINK] seemed to have garnered immense popularity. Twitter handle, CoinTrend, a page dedicated to recording the total number of tweets specific cryptocurrencies have been mentioned in, throughout the day, revealed that LINK had come close to Bitcoin in the number of mentions. The tweet indicated that ‘$LINK’ had been mentioned in over 500 tweets, while ‘$BTC’ was part of 536 tweets.
— COINTREND (@cointrend_jp) July 13, 2020
While several individuals of the crypto-verse suggested that they were buying more LINK, the members of the Chainlink community went ahead and stated that the asset was departing the planet. Additionally, a Twitter user, who goes by the username, @TheShipIsMoving suggested that the Chainlink was the most bullish asset in history.
Furthermore, while the price of the asset had been surging without any hurdles, Chainlink had surpassed the market cap of two other prominent crypto assets. Chainlink currently stands as the eighth largest cryptocurrency with a market cap of $3 billion. Chainlink overtook Litecoin as well as Binance coin.
2. Tezos [XTZ]
The thirteenth largest cryptocurrency, Tezos [XTZ] surged by 18.5 percent following today’s altcoin rally. Earlier today, the coin was trading at a low of $2.61, however, as the day progressed the price of XTZ shot up to a high of $3.15.
Over the past seven days, the coin observed a 29.6 percent increase. If the coin continues its upward trajectory, it may soon surpass its all-time high of $3.91.
2. Cardano [ADA]
Once again Cardano [ADA] has made it to the list. While prominent altcoins were witnessing dainty changes in price, Cardano [ADA] soared by 10 percent, during press time. As the community has been anticipating the Shelley roll out, the price of the altcoin seems to be moving in the right direction. At the time of writing, ADA was trading at, $0.1333.
The altcoin went on to record a 34.4 percent increase over the last seven days.
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