LINK vs BCH
Chainlink’s (LINK) Latest Updates Fails To Influence Price Rally
Chainlink $LINK , recently expanded to the world’s original blockchain through integration with Bitcoin layer-2 network Spiderchain—which would be plugged into Chainlink’s Cross-Chain Interoperability Protocol (CCIP). This enables financial institutions to integrate private blockchains into the multi-chain economy.
While this is a significant upgrade to the Chainlink platform, it has not yet reflected in LINK’s market performance. LINK is still underperforming 72% of the top 100 crypto assets, trading 78% below its ATH. However, speculations suggest that LINK could rally in a few weeks when CCIP gets into full motion.
Bitcoin Cash (BCH) Displays Pitiful Market Performance
Bitcoin Cash $BCH has risen 40% in the past year and is trading above the 200-day SMA. BCH’s current price sentiment is bullish, as the token trades in the $360 range. However, BCH has been witnessing a downtrend of lower highs and lower lows, with a 92% below its ATH, since it reached the milestone.
Bitcoin and Ethereum, as the top 2 crypto assets, are currently outperforming it. BCH witnessed only 13 green days in the last 30 days, declining over 2.3% during the past week. With BCH’s recent not-so-impressive performance, analysts predict a price drop to $351.12 in the days ahead.
