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Home Cryptocurrency news

Poll Shows Crypto Investors Expect ChainLink To Be Top Performing Altcoin in 2020

Tony Spilotro by Tony Spilotro
1 year ago
in Cryptocurrency news
Reading Time: 2min read
chainlink altcoin crypto
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The altcoin known as Chainlink had a stellar year last year in 2019, outperforming the rest of the entire crypto market by a wide margin, while many other assets fell to new lows.

However, according to a new poll, crypto investors at large expect the altcoin to be a top-performing asset once again this year. Will lightning strike twice for altcoin known as Chainlink?

Chainlink Tops Poll, Expected To Be Top Performing Crypto in 2020

With 2019 now in the rearview mirror, in hindsight, we can see which assets were the top performers across the crypto market. While exchange-based utility tokens dominated the best ROI from cryptocurrencies in 2019, one particular altcoin – Chainlink – topped all other crypto assets, including Bitcoin.

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Chainlink closed out the year with nearly a 500% return on investment. Bitcoin, for comparison, only ended the year at roughly a 100% return.

Related Reading | Chainlink, Exchange-Related Tokens Dominate Crypto ROI Last Year

That trend is expected to continue, as a new poll asking crypto investors which altcoins they expect to be top performers in 2020 have been dominated by the altcoin Chainlink.

Although a dozen or so altcoins are listed by name in a Twitter poll, four main choices can be selected to vote, including Chainlink, Basic Attention Token, Binance Coin, and Cardano. Why these four altcoins were chosen is anyone’s guess, however, they are among the most promising and hyped coins across the crypto market.

Altcoin Sentiment

Which Altcoin will perform the best in 2020?$ETH $LTC $XRP $LINK $BNB $BCH $BSV $BTC $BAT $ADA $TRX $ETC $TZX $EOS #bitcoin #crypto #ripple #cryptocurrency #news #ethereum #litecoin

— TrademastahBTC (@BTCtrademaster) January 13, 2020

Chainlink captured the bulk of the votes with over 70% of respondents expecting another stellar year for the altcoin project. Basic Attention Token, the utility token powering the Brave browser and new internet economy, took just 10% of the vote. Cardano was in second with 12% of respondent’s votes, while Binance Coin was in the last place capturing only 5% of the total votes.

Binance Coin being lower than Basic Attention Token or Cardano is surprising, as Binance Coin was yet another one of crypto’s top performers of 2019, much like Chainlink that took the top spot on the poll.

Before LINK Is Ready For Liftoff, Beware of Further Downside First

If Chainlink has another year like 2019, it could very well find itself in the top ten cryptocurrencies by market cap alongside Bitcoin, Ethereum, Litecoin, Ripple, and other mainstay crypto projects, bringing it invaluable additional visibility and familiarity for new investors.

chainlink link/usd sell td9

Only time will tell if Chainlink has another strong performing year this year, but for now, the crypto asset may see some downside as the Tom Demark TD9 Sequential has triggered a sell signal on LINK/USD daily price charts.

Related Reading | These Five Altcoins Crushed Bitcoin’s 2019 Returns

However, given the bullish sentiment surrounding Chainlink, any downside is likely to be short-lived and the altcoin will rally once again.

Featured image from Shutterstock
Tags: altcoinsBasic Attention TokenBinance CoinbitcoinCardanochainlinkcrypto
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Tony Spilotro

Tony Spilotro

I'm Tony Spilotro. Behind the pseudonym, I'm a digital media executive and global remote work leader with a decade of content experience and excellent. Here, I explore my newfound passions pertaining to privacy, finance, economics, politics, cryptography, property rights, and other libertarian-esque views. I am a Bitcoin evangelist, maximalist, and educator whenever I can be, helping to spread its message of freedom from government control, monetary policy mismanagement, and passing the buck - literally – to future generations. My journey from a curious retail crypto investor to a serious Bitcoin advocate, trader, and technical analyst is an unusual one, but life-changing nonetheless and has become less about money and more about a long-overdue revolution. While a firm believer in the laws governing math and science, I am profoundly fascinated by the impact of astrology and astronomy including moon and solar cycles and planetary alignment and their ability to influence and potentially predict markets. It hasn't yet clicked for me as to how to put anything to use, but I consider it my current rabbit hole I can't yet dig out of. My perspective of growing up alongside the internet, the dot com era, the Great Recession, and roots in video games collecting coins and rare items caused Bitcoin to immediately make sense to me. Through all of these lenses, I seek to produce content that is educational and entertaining, and I thank you sincerely for taking the time to read what I have to say. Please follow me on Twitter and feel free to drop me a line if you would like to work together.

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