Connect with us

Cardano

The price of Cardano and Chainlink on the highest ever

Published

on

Lately the price of Cardano (ADA) and Chainlink (LINK) has again returned to the highest levels ever.

As for ADA, the all-time high hit yesterday at $ 1.82. LINK instead touched it today at almost $ 58.

Cardano has practically been growing steadily since the beginning of the year.

2020 closed with ADA at $ 0.18, but as early as January 4 it had begun to rise. On January 18, it was already close to $ 0.38, but on February 2 it recorded a new surge that took it to $ 0.92 on the 11th of the same month.

At the end of February there was the third increase, with the price rising to $ 1.34 at the end of the month, while in mid-April there was also a fourth, up to $ 1.48 on April 16.

From May 6, the fifth rise of the year was triggered, which took it up to $ 1.82 yesterday.

Basically, since the beginning of the year, the price of ADA has multiplied tenfold, with a gain of over 1,000% in about four months.

Chainlink followed a similar but slightly different path.

2020 ended with LINK at $ 11.27, and on January 3 the first surge began that took it straight up to $ 34.90 on February 20.

The second ascent began on April 2, taking him up to $ 42.71 on April 16, while the third ascent began on April 27, at a lower level, bringing the price to $ 52.70 today. .

In other words, the year-to-date gain was 367%, or just over a third of ADA’s.

As for Cardano, there are no single precise news that caused the recent rise. The fact is that since the beginning of the year there have been several positive innovations, together with growing fundamentals, so it seems that this is a relatively long bull-run, however, made in steps and not as a linear climb.

The Cardano network is bidding to be a decidedly cheaper alternative to Ethereum, and although it has not yet come to scratch the dominance of its rival, at this moment the growth path seems well underway.

The bull-run of Chainlink instead appears decidedly linear, with an increase that in some ways seems even constant. Therefore, all the more reason it is not a question of brief spikes due to single news, but of a growth path accompanied by various positive news, each however individually limited in size.

News Source