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Chainlink (LINK) Emerges As Top Performer In Q3 2020 – What Does Q4 Hold?

Other 2020/09/25 16:24 by Ponvang Bulus
Why Chainlink (LINK) Should Be On Your Crypto Radar For 2019

It’s only 5 days left to the end of September and the third quarter of the year. CryptoRank has taken a look at the performances of top cryptocurrencies for the quarter and Chainlink (LINK) has emerged as the best performing asset. This is followed by Polkadot (DOT) which recently joined the top ten cryptocurrencies. The 6th largest cryptocurrency recorded a gain of 58.3% for the quarter.

Others are Binance Coin (BNB) with 55.8%, Ethereum (ETH) with 51.2%, XRP with 33.4%,Crypto.com Coin with 21.5%, Bitcoin (BTC) with 15.2%, and Litecoin (LTC) with 9.20%. Bitcoin Cash (BCH) recorded a negative performance of -2.54%.

Although Q3 has been known to be unfriendly towards the cryptocurrency market because of September, the Q3 performance of these assets was fairly good with BNB, XRP, and LTC doing better than in Q2.

Bitcoin could stay in the positive zone by the end of Q3

Though the top cryptocurrency by market capitalization, Bitcoin happens to be one of the top coins with the least gains in the quarter, beating only LTC and BCH, Cryptorank says the 15% gain is sufficient to keep it within the positive zone up to the edge.

The long battle between the bears and bulls has kept Bitcoin’s price range-bound for a few weeks now. It hasn’t been able to stay above $11,000 despite several attempts to do so. At the moment, a crypto analyst says it could either bounce up strongly or experience a nosedive to lower levels not long from now.

Will Q4 be better?

Q3 has recorded significant progress for these assets. Some of them went up almost 0% gain from Q2. The question is whether Q4 will do better? Just like September has a bad reputation with Bitcoin, Q4 has been a generally good quarter for Bitcoin.

Its chance of reaching a new all-time high is however quite small as according to a prominent analyst, Bitcoin’s possibility of touching $20,000 by the end of this year is just about 15%.

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