The LINK market cap currently stands at US$4.22 billion, based on a 387 million circulating token supply, with US$770 million in trade volume over the past 24 hours. The spot price has continued to hit new all-times throughout 2020. Among the current top 20 coins by market cap, LINK was the best performer in the USD markets during 2019.
Technicals for the LINK/BTC and LINK/ETH pairs suggest a bullish outlook with a continued multi-year bull trend. f prices move higher throughout 2020 and 2021, LINK tokens held by Smart Contract Limited may again be sold at a higher rate, as was the case in July through August 2019. Additionally, as ETH enables staking later this year, the LINK/ETH pair may enter a short-term bear market fueled by ETH speculators.
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