Bitcoin (BTC) may be lower than any other cryptocurrency, but so far 2020 has been the year of Chainlink (LINK).
In its latest release of its weekly report on October 26, TIE indicated that Chainlink had outperformed any other cryptocurrency with annual returns in excess of 600%.
Bitcoin is down at least against its highest levels ever
Comparing the performance of altcoins, the report also indicated Cardano (ADA) at 224%, Ether (ETH) at 217% and Monero (XMR) at 182%.
The numbers are a direct balancing act for cryptocurrency watchers, as interest remains largely focused on Bitcoin and its recent earnings, which peaked at $ 13,370 over the weekend.
Enthusiasm for a repeat of the so-called “alternate seasons” has also waned from last year, as Cointelegraph Markets analyst Mikael Van de Pope warned that Ether may not want to copy Bitcoin’s success this time.
Zoom out, Bitcoin is still a cryptocurrency, at least compared to its all-time high: at time of publication, it has reached 36% to over $ 20,000 since late 2017.
In contrast, ChenLink fell 41%, Ether fell 73%, and Cardano 92%. The worst performing tokens with the highest market capitalization are Ripple (XRP) and Bitcoin Cash (BCH), both of which are down 94%.
Among the largest cryptocurrencies, Binance Coin, Bitcoin, and Chainlink are the ones closest to their price hikes. While the average is down 79% from ATH, BTC is down by -36%. ”
This means that the bitcoin price would have to rise + 55% (roughly $ 7,000) to reach the ATH price. It’s been nearly 3 years since BTC was at $ 20,000. ”
“Where do all Marines go to Link?”
Meanwhile, TIE noted that despite its 2020 march, Chainlink is noticeably absent from social media.
“Like many other assets, Chainlink has always been under the influence of the summer craze in altcoins lately and has fallen dramatically since. This resulted in Twitter talk of Link being cut by 60%,” the report said.
“This drop in calls continues, even though LINK is recovering 70% from the bottom line. That leads me to my question about where do all Marines go from Link?”
Meanwhile, Google Bitcoin search data has risen slightly during the recent price spike, but it is still lower than it was in August when it came back to $ 12,000.