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Cardano and Chainlink prices at all-time highs

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Cardano and Chainlink prices at all-time highs

The price of Cardano (ADA) and Chainlink (LINK) have recently reached new all-time highs. 

In the case of ADA, the all-time high was reached yesterday at $1.82. LINK reached an all-time high today at almost $58. 

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

The year 2020 closed with ADA at $0.18, but by 4 January it had already started to rise. On 18 January it had already reached almost $0.38, but on 2 February it recorded a new surge which took it to $0.92 on the 11th of the same month. 

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

On 6 May the fifth rise of the year was triggered, taking it up to yesterday’s $1.82. 

In essence, since the beginning of the year, the price of ADA has multiplied tenfold, with a gain of more than 1,000% in about four months.

Chainlink has followed a similar, but somewhat different path. 

The year 2020 closed with LINK at $11.27, and on 3 January the first surge began, taking it straight up to $34.90 on 20 February. 

On 2 April the second rise began, taking it up to $42.71 on 16 April, while the third rise began on 27 April, at a lower level, taking the price to $52.70 today. 

In other words, the gain since the beginning of the year has been 367%, just over a third of ADA’s gain. 

As far as Cardano is concerned, there is no single piece of news that has caused the recent rise. The fact is that there has been a lot of positive news since the beginning of the year, along with rising fundamentals, so it looks like a relatively long bull run, but in steps rather than a linear climb. 

The Cardano network is positioning itself to be a much cheaper alternative to ETH, and although it has yet to make any inroads into its rival’s dominance, at the moment the growth path seems well underway. 

Chainlink’s bull-run, on the other hand, appears to be very linear, with an increase that in some ways even seems constant. So it is not a question of brief surges due to individual news items, but of a growth path accompanied by various positive news items, each of limited size. 

The post Cardano and Chainlink prices at all-time highs appeared first on The Cryptonomist.

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All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.

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