Chainlink Paints New ATH Above $9 While BTC Dominance Crashes

Chainlink paints a new all-time high above $9 while the Bitcoin dominance reduced and its price remained stable. Following our latest Chainlink news, we take a closer look at the analysis.

Green is the dominant color for most of the crypto market with some of the most impressive gains for Tezos, Ripple, and LINK. Chainlink paints a new all-time high as bitcoin had an unsuccessful attempt to conquer the $11,500 level, pushing the asset down to $11,300. Speculations for the altcoin season emerged again today as most of the altcoins increased their value in the past day. The second-largest crypto market continued its impressive 2020 summer with more than 2% increase and ETH now trades at $392.

It’s also worth noting that the ETH 2.0 Medalla testnet will arrive soon which could spike another price action for the native cryptocurrency. Ripple’s performance has been positive as well. Apart from overtaking Tether as the third-biggest cryptocurrency by market cap, the XRP price also surged by more than 80% in less than a month. Over the past 24 hours alone, XRP pumped an additional 5% to above $0.31.

Cardano, Binance Coin, and Bitcoin SV also reached huge gains from the top 10 coins by market cap. ADA increased by 2.5% while BSV and BNB jumped by 4.2%. Tezos recorded a 6% increase which pushed the asset above the coveted $3 level. However, there were no larger-cap altcoins that had impressive gains in the past 24 hours more than chainlink. LINK’s price surge of 14% propelled the asset back into the top 10 after registering a new all-time high of $9.54.

Other impressive gainers from the lower cap altcoins include Midas Touch Gold by 35%, MCO by 30%, Ren by 14.64%, Ocean Protocol by 15%, and Reserve Rights by 14%. Ampleforth however dropped by 15%, Aave by 4%, and Celsius by 7%. While some of the altcoins started moving massively, the main cryptocurrency went through less volatility. Bitcoin was trading at about $11,200 and attempted to break above the said level and the $11,450 resistance.

It seems successful at first but then the bears took charge and drove the asset below the $11,200. BTC regained strength and now sits at $11,300. Bitcoin’s dominance however continues to suffer. The altcoins seem stronger ever since BTC failed to sustain the bull run above $12,000.