Chainlink Outperforms Bitcoin In Annual Growth

JAKARTA - Chainlink (LINK), the number 12 crypto asset by market cap, has outperformed Bitcoin in year-to-date (YTD) growth and the market as a whole.

Although LINK's growth reached 128%, while BTC only reached 110%, this advantage does not fully reflect wallet profitability.

Leading market analysts, hitesh.eth, have compared Chainlink and Bitcoin's performances in YTD growth. The results show LINK is the winner in terms of price growth, although it is still lagging behind in terms of wallet profitability.

When further analyzed, the percentage of Bitcoin holders who profited reached 79%, while Chainlink only reached 54.96%. Profitability in this case refers to a wallet whose portfolio value exceeds the token purchase price. Chainlink has about 366,490 addresses declared In the Money, with average purchase prices ranging from $12,41 (Rp194,500) to $13.60 (Rp212,800).

Although Chainlink recorded an impressive rise, mainly driven by strong adoption, with more than 27,152 wallets holding at least 1,000 LINKs, hitesh.eth noted that there is a large supply block in the price range of $16 (Rp250,900) to $77 (Rp423,800), which could be an obstacle to the increase in tokens.

As of today, LINK's trading volume rose 20.21% to $839.86 million (Rp 13.16 trillion), with prices rising 2.73% to $12.89 (Rp 201,800). With a sustainable purchasing momentum, there is optimism that the LINK profit ratio could exceed 80% if LINK could penetrate the resistance zone at the level of $27. Despite being left behind in profitability, Chainlink continues to show strong growth potential in the crypto market.