The ongoing bull market has shaken up the top 10 tokens by market cap, with Polkadot (DOT) overtaking XRP and Chainlink (LINK) briefly surpassing Bitcoin Cash (BCH). As of Jan. 18, DOT remains 4th ahead of XRP while Link is 9th behind BCH.
- At a price of $17.6, DOT has a market cap of $15.6 billion while LINK has a market cap of $8.8 billion at a price of $22.16
- DOT has been one of the standout performers in the market, growing 113% in the past 7 days
- XRP, meanwhile, has experienced a massive fall following the news that the US SEC had filed a lawsuit against Ripple
- LINK has virtually the same market cap as BCH, separated by under $100 million; given the performance of the DeFi market, it is well within the realm of possibility that LINK could grow even further in the weeks to come
- The bull market has boosted the values of most assets, but DeFi assets particularly so, with some asset seeing triple-digit gains over the past week
- Polkadot’s interoperability protocol is attracting a lot of attention; Chainlink’s decentralized oracle solutions have been widely adopted by DeFi platforms