{"id":416899,"date":"2020-03-04T14:30:17","date_gmt":"2020-03-04T14:30:17","guid":{"rendered":"https:\/\/uniquehot.com\/?p=416899"},"modified":"2020-03-04T14:30:17","modified_gmt":"2020-03-04T14:30:17","slug":"chainlink-link-steals-bitcoins-thunder-sets-historic-high-as-crypto-market-bleeds","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/chainlink-link-steals-bitcoins-thunder-sets-historic-high-as-crypto-market-bleeds\/","title":{"rendered":"Chainlink (LINK) Steals Bitcoin’s Thunder, Sets Historic High as Crypto Market Bleeds"},"content":{"rendered":"

The Chainlink’s crypto token hit a new record<\/a> on Wednesday even as its top rivals continued to underperform amidst a gloomy market outlook.<\/p>\n

Dubbed as LINK, the eleventh-largest cryptocurrency climbed 27 percent this week to establish an all-time high of $4.92. It performed similarly well against bitcoin, rising by more than 22 percent to 55,683 sats to become one of the leading risk\/reward assets in both the dollar and crypto-denominated markets.<\/p>\n

\"chainlink,<\/a>
Chainlink’s LINK token hits ATH despite crypto meltdown | Source: TradingView.com, Binance<\/figcaption><\/figure>\n

Elsewhere, other cryptos remained pressured by the market risks associated with the rising of the Coronavirus epidemic<\/a>.<\/p>\n

Bitcoin, the leading cryptocurrency, rebounded by 2.67 percent<\/a> since Monday after closing last week at a loss of more than 15 percent. Similarly, Ethereum’s Ether and Ripple’s XRP each surged by 1-2 percent, showing a clear lack of upside bias in their respective markets.<\/p>\n

“M” a Bull<\/h2>\n

Chainlink’s latest gains appeared to have originated from a rumor that the blockchain platform is going to make a “huge announcement.”<\/p>\n

Community members claimed that Chainlink’s foundational team is closed to signing a big deal with a company whose initials start with the letter ‘M.’ That left the social media open to different interpretations, with some claiming that M stood for Microsoft, a technological giant with a history of experimenting with the blockchain technology.<\/p>\n

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little birdie told junkie there is a HUGE anouncement for $link<\/a> tomorrow and it begins with 'M' #Chainlink<\/a><\/p>\n

— Junkie \ud83d\udc41\ufe0f\ud83d\udc38\ud83d\udc41\ufe0f (@kingjunkie1st) March 3, 2020<\/a><\/p><\/blockquote>\n