Chainlink Drops By 13% As Bitcoin Cash Retains Position

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Chainlink (Courtesy: Coingape)
Chainlink (Courtesy: Coingape)

Chainlink had delivered massive growth in the past few week of time. The growth also saw it overtaking Bitcoin Cash in due course. The mammoth growth enabled Chainlink to reach nearly $20 mark.

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.