Chainlink (LINK), the cryptocurrency has seen an impressive 9% rise. surpassing the constant Tron (TRX) and sparked discussions about its potential to break into the coveted top 10 cryptocurrencies by market capitalization.
Chainlink (LINK), the cryptocurrency has seen an impressive 9% rise. surpassing the constant Tron (TRX) and sparked discussions about its potential to break into the coveted top 10 cryptocurrencies by market capitalization.
LINK price has risen to $18.45, raising its market capitalization to over $10 billion.
Meanwhile, TRON’s modest gains have not been enough to keep up.
Other major currencies
Bitcoin (BTC) has shown a slight 24-hour change but positive weekly performance, suggesting resilient but slow-growing confidence among investors.
Ethereum (ETH), the second in line, also shows a slight drop over the last day, but maintains a positive outlook over the past week.
BNB and Solana (SOL) also posted positive weekly returns, indicating possible growth anticipation among altcoins.
However, XRP’s notable weekly drop raises questions about its immediate future in the volatile market landscape. The cryptocurrency was hit hard by a massive hack that affected its co-founder Chris Larsen.
The rise of LINK
Chainlink’s LINK token has hit a 22-month high of $18, signaling the end of a three-month consolidation period and potentially setting the stage for a sustained uptrend.
Market analysts have highlighted LINK’s strength, especially as it outperforms major players such as Bitcoin and Ethereum.
Chainlink has also become a critical piece of crypto infrastructure, linking blockchains to essential external data through its oracles.
This vital role underlines its potential to grow further, with some analysts predicting a market value for tokenized assets of $16 trillion by 2030.
Chainlink recently secured strategic integrations into platforms like Scroll.
