The altcoin market has been the protagonist of new records, while the price of Bitcoin is debated between $35.400 and $36.500 USD this January 18.
While Bitcoin (BTC) struggles to reach its all-time high again, several altcoins of the market are achieving new milestones. This is the case of DOT, the network token Polkadot which reached a new high in its value on January 16 to surpass XRP, the token Ripple, in market capitalization, moving it to fifth position among the most important digital assets in the industry. In addition, LINK, the token chainlink, reached a new all-time high this January 17, with a value of $23,55 USD per unit, which led it to briefly surpass Bitcoin Cash (BCH) in terms of capitalization.
Source: CoinMarketCap
It seems that DOT's momentum in the markets may be related to its new update, Rococo V1, which was recently activated on the Polkadot mainnet to allow the project to increase parachain consensus, in addition to being more robust and extensible. For its part, in LINK, the growth in the value of the token seems to be related to the growth in the total value locked, also called TVL, which accompanies the protocol within decentralized markets (DeFi). Furthermore, of course, the value of this token can continue its upward momentum with the arrival of its imminent change towards the consensus protocol Proof of Stake, going to staking like Ethereum 2.0.
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An impressive boost for altcoins
According to data from the cryptocurrency platform CoinGecko, DOT shows an incredible growth of more than 75% in the last week, going from a value of less than 8,5 $ USD to a current value of 15,9 $ USD per unit. Polkadot is a multi-chain, interoperable protocol that allows networks to connect to the network in the form of sidechain or side chain to optimize transaction processing. Polkadot is often called the “killer” of Ethereum, because it achieves one of the fundamental objectives pursued by the famous smart contract network: processing thousands of transactions per second (TPS) to gain scalability.
Source: CoinGecko
For its part, LINK has also experienced an interesting week in terms of growth. The token of the famous blockchain oracle network shows a growth of more than 52% in the last 7 days, reaching a new all-time high for its value. LINK went from a value of $14,9 USD on January 12, to over $21,9 USD at press time.
Source: CoinGecko
At press time, DOT's market cap is $2.400 billion larger than XRP; while LINK's decreased to $8.600 billion, once again below Bitcoin Cash, with a difference of almost $600.000.
New quiet highs for other altcoins in the markets
Binance Coin (BNB) It also reached a new all-time high this January 18, although quite quietly. The token, which was preparing for its quarterly burning, rose to $46,8 USD for the first time, setting a new high.
Another of the altcoins that are setting new highs in the market, although quite unknown until now, is Metacoin (MTC), a network-based asset from Hyperledger. This token grew by more than a 480% of its value, after an exchange listed it among its Bitcoin exchange peers. MTC went from being worth $0,02 USD on the 17th to being worth more than $0,15 USD this January 18th.
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