{"id":410945,"date":"2020-01-14T15:00:38","date_gmt":"2020-01-14T15:00:38","guid":{"rendered":"https:\/\/uniquehot.com\/?p=410945"},"modified":"2020-01-14T14:39:05","modified_gmt":"2020-01-14T14:39:05","slug":"poll-shows-crypto-investors-expect-chainlink-to-be-top-performing-altcoin-in-2020","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/poll-shows-crypto-investors-expect-chainlink-to-be-top-performing-altcoin-in-2020\/","title":{"rendered":"Poll Shows Crypto Investors Expect ChainLink To Be Top Performing Altcoin in 2020"},"content":{"rendered":"

The altcoin known as Chainlink<\/a> 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.<\/p>\n

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?<\/p>\n

Chainlink Tops Poll, Expected To Be Top Performing Crypto in 2020<\/h2>\n

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<\/a> dominated the best ROI from cryptocurrencies in 2019, one particular altcoin \u2013 Chainlink<\/a> \u2013 topped all other crypto assets, including Bitcoin.<\/p>\n

Chainlink closed out the year with nearly a 500% return on investment. Bitcoin, for comparison, only ended the year at roughly a 100% return.<\/p>\n

Related Reading | Chainlink, Exchange-Related Tokens Dominate Crypto ROI Last Year<\/a><\/strong><\/em><\/p>\n

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.<\/p>\n

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\u2019s guess, however, they are among the most promising and hyped coins across the crypto market.<\/p>\n

https:\/\/twitter.com\/btctrademaster\/status\/28548865?s=21<\/p>\n

Chainlink<\/a> 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\u2019s votes, while Binance Coin was in the last place capturing only 5% of the total votes.<\/p>\n

Binance Coin being lower than Basic Attention Token or Cardano is surprising, as Binance Coin was yet another one of crypto\u2019s top performers of 2019, much like Chainlink that took the top spot on the poll.<\/p>\n

Before LINK Is Ready For Liftoff, Beware of Further Downside First<\/h2>\n

If Chainlink<\/a> 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.<\/p>\n

\"chainlink<\/p>\n

Only time will tell if Chainlink<\/a> 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.<\/p>\n

Related Reading | These Five Altcoins Crushed Bitcoin\u2019s 2019 Returns<\/a><\/strong><\/em><\/p>\n

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

Featured image from Shutterstock<\/pre>\n","protected":false},"excerpt":{"rendered":"

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 \u2013 Chainlink \u2013 topped all other crypto assets, including Bitcoin. 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\u2019s guess, however, they are among the most promising and hyped coins across the crypto market. https:\/\/twitter.com\/btctrademaster\/status\/28548865?s=21 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\u2019s 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\u2019s 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. 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\u2019s 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<\/p>\n","protected":false},"author":517,"featured_media":410957,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[142,12799,13291,428,12332,16295,6664],"class_list":["post-410945","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-basic-attention-token","tag-binance-coin","tag-bitcoin","tag-cardano","tag-chainlink","tag-crypto"],"acf":[],"yoast_head":"\nPoll Shows Crypto Investors Expect ChainLink To Be Top Performing Altcoin in 2020<\/title>\n<meta name=\"description\" content=\"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\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market. A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony\u2019s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements. Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders. His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics. Tony\u2019s nickname, \"The Bull,\" aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice. In summary, Tony \"The Bull\" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. 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