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Bitcoin (BTC) may be below its all-time highs compared to any other cryptocurrency, but 2020 has been the year of Chainlink (LINK) so far.
In the latest edition of its Weekly Insights report from October 26, The TIE noted that Chainlink outperformed every other cryptocurrency with year-to-date returns by more than 600%.
Bitcoin down from all-time highs
Comparing the performance of altcoins, the report also highlighted Cardano (ADA) with a return of 224%, Ether (ETH) with 217% and Monero (XMR) with 182%.
The numbers provide a timely counterpoint for cryptocurrency viewers as the focus remains largely on Bitcoin and its recent earnings, which reached $ 13,370 over the weekend.
Excitement over a rerun of the so-called “altseasons” of previous years has also waned, with Cointelegraph Markets analyst Michaël van de Poppe warning that Ether may not be set to copy Bitcoin’s hits this time around.
Zooming out, Bitcoin remains the cryptocurrency down from its all-time highs, at press time around 36% versus its high of $ 20,000 since late 2017.
By contrast, Chainlink was down 41%, Ether by 73% and Cardano by 92%. The worst performers among the major market cap tokens are Ripple (XRP) and Bitcoin Cash (BCH), both down 94%.
“Among the major cryptocurrencies, Binance Coin, Bitcoin and Chainlink are the closest to their all-time highest prices. While the median asset is down -79% from its ATH, BTC is down -36%, “summarized the TIE.
“This means that Bitcoin’s price would have to rise + 55% (around $ 7,000) to reach its ATH price. It’s been nearly 3 years since BTC was at $ 20,000.”
Comparison of the yields of the main 2020 cryptocurrencies. Source: The TIE
“Where have all the LINK Marines gone?”
The TIE meanwhile noted that despite the 2020 rally, Chainlink is notably absent from social media.
“Like many assets, Chainlink recently established that it is an all-time high during the summer altcoin madness and has declined significantly since then. This caused a -60% decrease in LINK-related conversations on Twitter,” the report said.
“This decrease in conversations continued, despite the fact that LINK bounced 70% from its low. So, this brings me to my question of where have all the LINK marines gone?”
Google’s search data for Bitcoin meanwhile has risen slightly over the course of recent price hikes, but remains lower than in August, when it returned to $ 12,000.
