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September 23, 2020
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Altcoin

LINK reaches new historic high while BTC dominance continues to fall

Crypto market: Altcoins on the rise, with emphasis on Ethereum, Ripple, Tezos and LINK. With Bitcoin virtually stable your domain ends up reduced.

Green dominates most of the cryptocurrency market, with some impressive gains for Ripple, Tezos and Ethereum, while LINK has appreciated so much that it has registered a new historic high. Bitcoin’s unsuccessful attempt to raise $ 11,500 reduced the asset to $ 11,300

Altcoins in the green, new historic high LINK

Altseason speculation has surfaced today as most alts have increased in value in the past 24 hours. The second largest cryptocurrency by market value continued to appreciate with another 2% increase, with which Ethereum is now traded for $ 392. It is worth noting that the Ethereum 2.0 Medalla test network should arrive today, which could generate more price actions for the native cryptocurrency.

Lately, Ripple’s performance has also been quite positive. In addition to overtaking Tether as the third largest cryptocurrency by market cap, XRP has appreciated more than 80% in less than a month. In the past 24 hours alone, XRP has risen 5%, $ 0.31.

Bitcoin SV, Cardano and Binance Coin also marked substantial gains among the top 10 currencies by market cap. ADA rose 2.5%, while BSV and BNB rose 4.2%, to $ 229 and $ 22, respectively. The 6% increase recorded by Tezos raised XTZ above the coveted $ 3 level (currently $ 3.15).

However, no large-capped altcoin has been more impressive in the past 24 hours than Chainlink. The 14% increase in LINK prices took the asset to heights, after registering a new historical high of US $ 9.54 (at Binance).

Other impressive winners from low-cap players include The Midas Touch Gold (35%), MCO (30%), Ocean Protocol (15%), Ren (14.64%) and Reserve Rights (14%). In contrast, Ampleforth fell 15%, Celsius 7% and Aave 4.2%.

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What about Bitcoin?

And while some altcoins fluctuate massively, the primary cryptocurrency has performed less volatile. Bitcoin was trading around $ 11,200 yesterday and tried to break above the $ 11,400 to $ 11,450 resistance.

Although it looked successful at first, the bears quickly took over and took the asset below $ 11,200. The BTC has regained some strength since then, and stands at $ 11,300 at the time of writing.

LINK reaches new historic high while BTC dominance continues to fall 24

Consequently, Bitcoin’s dominance continued to suffer. Altcoins have gotten stronger in the past few days, since the BTC was unable to sustain its rise above $ 12,000. As of July 30, the metric comparing Bitcoin’s total market value with all other currencies reached 63%. Earlier today, it fell to 60.4 and it remains to be seen whether the domain will fall below 60% – a level not registered in more than a year.

LINK reaches new historic high while BTC dominance continues to fall 25

Source: cryptopotato

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