However, all the progress made by Chainlink, has been hit with a jolt. In the last 24 hours, the cryptocurrency has dropped majorly by 13 per cent to record a price of nearly $14.
This is a remarkable change in Chainlink as it had hit it peak performance of the last few years before registering the downfall. As a result of the downfall, Chainlink has also again dropped behind Bitcoin Cash, to ranked at the sixth spot among all cryptocurrencies.
Chainlink, now, has has a marketcap of $4,901,315,057 in comparison to $5,390,990,310 of Bitcoin Cash. The latter, which had dominated its position for quite sometime, is priced at just above $291 at the moment.
Bitcoin Cash has also shown more resistance in comparison to Chainlink as it has dropped marginally by only 0.71% at the time of publishing the article.