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 Ethereum, 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.
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