Chainlink (LINK) continues its price rise and outpacing of the rest of the market, as the LINK token has increased by another 10% in the last 24 hours. The asset began its rise on July 12, when it was priced at $6.29 and steadily hit new all-time highs. At the time of publishing, LINK’s price is $7.92.
Chainlink is among the many altcoins that have been surging in the past week. Its decentralized oracles solutions connect smart contracts to real world off-chain data, providing more accurate and reliable results for dapp developers. It has formed numerous partnerships with other cryptocurrency projects, besides receiving a lot of praise for its utility in the DeFi space.
LINK’s liquid market cap is only behind BTC and ETH. Source.
Chainlink also surpassed XRP in terms of liquid market cap on July 13, according to market data platform Messari. The latter’s methodology excludes wash trading and takes into account more pertinent metrics to determine network growth and activity. LINK’s 24 hour real volume is also only behind Bitcoin (BTC) and Ethereum (ETH), making it one of the most successful altcoins in recent months.