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Chainlink {LINK} will soon overtake Tezos {XTZ} in terms of value; investors anticipate bull-run


For the LINK/USDT candlestick chart on tradingview [based on data from Binance], we can see that bearish pressure is prevalent as of now. The MACD line lies beneath the signal line and the daily RSI seems to be on the verge of descending further. Resistance can be found close to the $2.736 mark.

While the king coin has been unpredictable since its inception, investors have observed that ROIs have grown with the passage of time. This year, since the month of June, Chainlink has climbed high [for a short while on June 30th the price had crossed the $4.00 mark].

Virtual currencies like ICON [not recently] and Cardano have brought in more losses than expected. Check out this tweet by Alex Kruger who is a Bitcoin fan [incidentally, Alex also believes that Buffett is a voice of reason amidst the cacophony of the financial sector]:

Chainlink is ranked at #17 on coinmarketcap. The price plunged at a rate of 2.28% in the course of the past 24-hours. The trading volume recorded is $47.723 million, whereas the supply has 350,000,000 LINK tokens in play. For now, the total market cap of Chainlink is $758.082 million. As of this moment, LINK is priced at $2.17.

Tezos is ranked at #16, beneath Dash in the market. The price sunk at a rate of 0.61% in a matter of hours. Currently, XTZ is priced at $1.15. The trading volume recorded is $9.078 million, while the supply has 660,373,612 XTZ coins in circulation. The total market cap of Tezos stands at $760.525 million.

The difference between the two is rather soon [less than 2 million] so Chainlink will be back at #16 by the end of the day unless Tezos rises remarkably.

Disclaimer - OBN is an informational website which aims to give the latest blockchain related news to the readers. Articles on OBN should not be considered as investment advice. Trading cryptocurrencies is a high-risk investment, every user is advised to consult an expert before making any decisions.