Bitcoin is trading in the green at the moment of writing this article, and the most important coin in the market is priced at $8,916.82.
It’s been just revealed that there’s an altcoin that will probably hit a new all-time high as Bitcoin struggles to hit $9,000 once again.
The most important coin in the crypto space was even able to reach $10k this year more than once, but it saw some price falls due to various reasons.
These factors include whale selloffs, natural corrections ahead of BTC’s halving, which is scheduled for May, the US SEC’s latest decision to deny a new ETF, and the global fears around the new coronavirus.
The coronavirus already reached various countries all over the world, and the situation is expected to get even worse.
At the moment of writing this article, more than 95,400 people have been infected, but it’s also important to note the fact that more than 53,300 are recovered.
Germany declared a pandemic, and all the affected countries are struggling to contain the virus as much as possible.
This crypto is reportedly set to reach new highs
Now, it’s been revealed that a coin is about to reach its all-time high.
The online pubcalition the Daily Hodl writes that “the crypto asset Chainlink (LINK) has remained strong and continues to outperform. The cryptocurrency is now at $4.78, up 13.4% in the last 24 hours – close to surpassing its all-time high of $4.83.”
A crypto trader from Amsterdam known as Crypto Michael predicted that Chainlink would surge if it could break through resistance at $4.30.
Breaker here, as you can see.
The $BTC pair of $LINK is attacking the highs already.
This bounce is already 34% in $USD value. pic.twitter.com/Hf0e8AwsmW
— Michaël van de Poppe (@CryptoMichNL) March 3, 2020
He also hinted at the fact that its performance is a sign that the crypto market is still in an overall bull trend, and the altcoins have an opportunity to rise when BTC takes a break.
At the moment of writing this article, Chainlink is placed on the 11th position on CMC and the coin is trading in the green.