Where are the LINK Marines? Chainlink beats Bitcoin with 610% YTD returns – Cointelegraph

Bitcoin (BTC) may be down less from its all-time highs than any other cryptocurrency, but 2020 has so far been the year of Chainlink (LINK).

In the latest edition of its Weekly Insights report on Oct. 26, The TIE noted that Chainlink has outperformed every other cryptocurrency with year-to-date returns of over 600%.

Comparing altcoin performance, the report also highlighted Cardano (ADA) with 224% returns, Ether (ETH) on 217% and Monero (XMR) on 182%.

The numbers provide a timely counterpoint for cryptocurrency spectators as attention remains broadly focused on Bitcoin and its recent gains, which topped out at $13,370 over the weekend.

Enthusiasm around a rerun of the so-called altseasons from previous years has also waned, with Cointelegraph Markets analyst Michal van de Poppe warning that Ether maynot be set to copy Bitcoins successes this time around.

Zooming out, Bitcoin remains the cryptocurrency down the least versus its historic all-time highs, at press time circling 36% against its $20,000 peak from late 2017.

By contrast, Chainlink is down 41%, Ether 73% and Cardano 92%. The worst performers out of 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 closest to their all-time high prices. While the median asset is down -79% from its ATH, BTC is down -36%, The TIE summarized.

Major cryptocurrency 2020 returns comparison. Source: The TIE

The TIE meanwhile noted that despite its 2020 rally, Chainlink is noticeably absent from social media.

Like many assets, Chainlink recently set its all time high during the summers altcoin craze and has fallen a considerable amount since then. This has caused LINK related conversations on Twitter to decrease by -60%, the report stated.

Google search data for Bitcoin meanwhile has trended slightly up over the course of recent price rises, but remains lower than in August when it returned to $12,000.

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Where are the LINK Marines? Chainlink beats Bitcoin with 610% YTD returns - Cointelegraph