{"id":27036,"date":"2020-08-09T12:20:13","date_gmt":"2020-08-09T09:20:13","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=27036"},"modified":"2025-08-26T18:21:26","modified_gmt":"2025-08-26T15:21:26","slug":"chainlink-hits-all-time-high-surpassing-cardano-and-bitcoin-sv-in-market-capitalization","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/chainlink-hits-all-time-high-surpassing-cardano-and-bitcoin-sv-in-market-capitalization\/","title":{"rendered":"Chainlink hits all-time high, surpassing Cardano and Bitcoin SV in market capitalization"},"content":{"rendered":"<p>The price of the Chainlink token accelerated its rise. On August 8, the asset rose 25%, briefly touching $13.87 on the Binance exchange.<!--more--><\/p>\n<p>The rise in LINK was accompanied by a surge in trading volumes. At the time of writing, the asset was trading around $12.55.<\/p>\n<div id=\"attachment_106873\" style=\"width: 1228px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-106873\" class=\"wp-image-106873 size-full\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/link-1.png\" alt=\"Chainlink hits all-time high, surpassing Cardano and Bitcoin SV by market capitalization\" width=\"1218\" height=\"771\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/link-1.png 1218w, https:\/\/u1f987.com\/wp-content\/uploads\/link-1-300x190.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/link-1-1024x648.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/link-1-768x486.png 768w\" sizes=\"auto, (max-width: 1218px) 100vw, 1218px\" \/><\/p>\n<p id=\"caption-attachment-106873\" class=\"wp-caption-text\">Four-hour chart <a href=\"https:\/\/ru.tradingview.com\/symbols\/BTCUSDT\/?exchange=BINANCE\" target=\"_blank\" rel=\"noopener noreferrer\">LINK\/USDT<\/a> on Binance from TradingView<\/p>\n<\/div>\n<p>Against the backdrop of LINK&#8217;s rapid ascent, Twitter posts about liquidations of short positions in DeFi services began to appear.<\/p>\n<p>For example, on August 8, a liquidation of a position of more than $20 million occurred on the Aave platform amid LINK&#8217;s rapid rise.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">THE DEED HAS BEEN DONE.<\/p>\n<p>We got em boys.<a href=\"https:\/\/twitter.com\/search?q=%24LINK&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$LINK<\/a> <a href=\"https:\/\/t.co\/LZFU6Gr3hF\">pic.twitter.com\/LZFU6Gr3hF<\/a><\/p>\n<p>\u2014 Linksaka (@HsakaTrades) <a href=\"https:\/\/twitter.com\/HsakaTrades\/status\/1292134274439626754?ref_src=twsrc%5Etfw\">August 8, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Subsequently, the balance in the account of the trader who opened the position stood at $299.66.<\/p>\n<p>Some community members suggested that the holder of this large short position could have been Zeus Capital, which had forecast an imminent crash in Chainlink&#8217;s price.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p dir=\"ltr\" lang=\"en\">Some company called Zeus capital was spreading fear uncertainty and doubt about chain link because they had a short position. Now that train link is at $13, Zeus Capitol lost a lot of money. <a href=\"https:\/\/twitter.com\/hashtag\/Chainlink?src=hash&#038;ref_src=twsrc%5Etfw\">#Chainlink<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24LINK&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$LINK<\/a><\/p>\n<p>\u2014 JovianPlanetsCryptoGoals (@JovianCrypto) <a href=\"https:\/\/twitter.com\/JovianCrypto\/status\/1292212949449236480?ref_src=twsrc%5Etfw\">August 8, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The user Linksaka also reported the liquidation of several futures positions of more than $1 million each.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">&gt; Single $16m, several $1m+ liqs on futures<br \/>\n&gt; $9m (and probably another $8m) liq onchain<br \/>\n&gt; Long ADL\u2019d at picotop<\/p>\n<p>feelsgoodman.jpg<a href=\"https:\/\/twitter.com\/search?q=%24LINK&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$LINK<\/a> <a href=\"https:\/\/t.co\/y1ekll4knc\">pic.twitter.com\/y1ekll4knc<\/a><\/p>\n<p>\u2014 Linksaka (@HsakaTrades) <a href=\"https:\/\/twitter.com\/HsakaTrades\/status\/1292175410550038529?ref_src=twsrc%5Etfw\">August 8, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The rise in Chainlink&#8217;s price was also accompanied by a revival of various on-chain indicators. For example, the network&#8217;s transaction volume reached an all-time high.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">\ud83d\udcc8 <a href=\"https:\/\/twitter.com\/search?q=%24LINK&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$LINK<\/a> Transaction Volume (1d MA) just reached an ATH of $15,296,442.87<\/p>\n<p>Previous ATH of $13,489,702.29 was observed on 29 June 2019<\/p>\n<p>View metric:<a href=\"https:\/\/t.co\/82tZbWmTdW\">https:\/\/t.co\/82tZbWmTdW<\/a> <a href=\"https:\/\/t.co\/fwmovMNrUw\">pic.twitter.com\/fwmovMNrUw<\/a><\/p>\n<p>\u2014 glassnode alerts (@glassnodealerts) <a href=\"https:\/\/twitter.com\/glassnodealerts\/status\/1292207874127601671?ref_src=twsrc%5Etfw\">August 8, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The number of active LINK addresses also rose significantly.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">\ud83d\udcc8 <a href=\"https:\/\/twitter.com\/search?q=%24LINK&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$LINK<\/a> Number of Active Addresses (1d MA) just reached an ATH of 1,193.958<\/p>\n<p>Previous ATH of 967.875 was observed on 13 July 2020<\/p>\n<p>View metric:<a href=\"https:\/\/t.co\/HkJTahhC99\">https:\/\/t.co\/HkJTahhC99<\/a> <a href=\"https:\/\/t.co\/4tWY1thRbB\">pic.twitter.com\/4tWY1thRbB<\/a><\/p>\n<p>\u2014 glassnode alerts (@glassnodealerts) <a href=\"https:\/\/twitter.com\/glassnodealerts\/status\/1292222929162436611?ref_src=twsrc%5Etfw\">August 8, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Activity of deposits and withdrawals on exchanges has also picked up.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">\ud83d\udcc8 <a href=\"https:\/\/twitter.com\/search?q=%24LINK&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$LINK<\/a> Exchange Outflow (1d MA) just reached an ATH of $2,043,008.16<\/p>\n<p>Previous ATH of $1,885,195.76 was observed on 29 June 2019<\/p>\n<p>View metric:<a href=\"https:\/\/t.co\/3jZhVQKifQ\">https:\/\/t.co\/3jZhVQKifQ<\/a> <a href=\"https:\/\/t.co\/er5IvKBDGn\">pic.twitter.com\/er5IvKBDGn<\/a><\/p>\n<p>\u2014 glassnode alerts (@glassnodealerts) <a href=\"https:\/\/twitter.com\/glassnodealerts\/status\/1292222957213945857?ref_src=twsrc%5Etfw\">August 8, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">\ud83d\udcc8 <a href=\"https:\/\/twitter.com\/search?q=%24LINK&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$LINK<\/a> Exchange Inflow (1d MA) just reached an ATH of $2,712,151.29<\/p>\n<p>Previous ATH of $2,391,649.75 was observed earlier today<\/p>\n<p>View metric:<a href=\"https:\/\/t.co\/GT1hz5z4bR\">https:\/\/t.co\/GT1hz5z4bR<\/a> <a href=\"https:\/\/t.co\/IZVbn89jbt\">pic.twitter.com\/IZVbn89jbt<\/a><\/p>\n<p>\u2014 glassnode alerts (@glassnodealerts) <a href=\"https:\/\/twitter.com\/glassnodealerts\/status\/1292222951308353539?ref_src=twsrc%5Etfw\">August 8, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Now the asset sits sixth by market capitalization ($4.83 billion). The nearest competitors to Chainlink by this metric are Bitcoin Cash and Cardano.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-106872\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/2-302.png\" alt=\"Chainlink hits all-time high, surpassing Cardano and Bitcoin SV by market capitalization\" width=\"820\" height=\"502\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/2-302.png 1149w, https:\/\/u1f987.com\/wp-content\/uploads\/2-302-300x184.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/2-302-1024x627.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/2-302-768x470.png 768w\" sizes=\"auto, (max-width: 820px) 100vw, 820px\" \/><\/p>\n<p>Earlier, unidentified individuals on behalf of the British investment bank Zeus Capital <a href=\"https:\/\/u1f987.com\/en\/news\/chainlink-price-hits-a-new-high-amid-threats-issued-in-the-name-of-zeus-capital\">threatened<\/a> lawsuits against Chainlink supporters.<\/p>\n<p>Subscribe to ForkLog&#8217;s channel on <a href=\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"> YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The price of the Chainlink token accelerated its rise. On August 8 the asset rose 25%, briefly touching $13.87 on the Binance exchange.<\/p>\n","protected":false},"author":1,"featured_media":27037,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1388,1145],"class_list":["post-27036","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-chainlink-link","tag-market-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/27036","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=27036"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/27036\/revisions"}],"predecessor-version":[{"id":27038,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/27036\/revisions\/27038"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/27037"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=27036"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=27036"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=27036"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}