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It has been another day of declines on crypto markets with total capitalization slipping below $200 billion again. There are very few survivors that are escaping the bears but Chainlink is among them.
Crypto Cap Crushed Again
The selloff that began on Monday has accelerated by mid-week as total market capitalization dumps another $4 billion. Since the weekly high of $206 billion markets have slumped $10 billion as a sea of red envelops the top digital assets today.
Bitcoin has led the declines with a slide of 2.7% to bottom out at $7,150 during late trading yesterday according to Tradingview.com. Things have picked up a little since then but overall the scene is increasingly bearish.
There are very few survivors at the moment but one green beacon of bullishness is blinking on Chainlink at the moment. The token has soared almost 14% over the past day or so.
LINK Lifting Off
LINK has lifted off from a low of just over $2 to top out at $2.30 an hour or so ago making it one of the day’s top performing altcoins. Market cap has surpassed $800 million and volume has soared to $227 million.
Chainlink has now reached sixteenth spot in the crypto market cap charts and has eyes on LEO for the next flippening. The decentralized oracle network token is one of 2019’s top performing digital assets with an epic pump of almost 700% since the beginning of January.
Momentum appears to be driven by an exchange listing which is a surprise since such announcements have had very little impact elsewhere over the past year or so. In a recent medium post Bittrex announced that it would soon be listing Chainlink.
Coming Soon to #Bittrex: Chainlink ($LINK): https://t.co/iucFoFIVnI
— BittrexUS (@BittrexUS) December 10, 2019
Bittrex is not one of the top exchanges but it does have a US platform which is good news for LINK holders today.
Other Movers Today
LINK is not the only token on the move at the moment but it is making the best gains in the top fifty according to Coinmarketcap figures.
Other altcoins staying afloat in the sea of red today include Tezos which has notched up a solid 10% to reach $1.55. The move has been driven by hard wallet maker Ledger which has recently adding support for XTZ and Tezos staking on the latest version of its Ledger Live application.
Gold backed DigixDAO is also on a run at the moment with an impressive 12% run to top out just under $20. Bullish gold markets this year may have been behind the DGD momentum.
Image from Shutterstock
