Chainlink (LINK) Shows Interesting Q3 Growth Trends – See What the Data Says

Chainlink (LINK) Shows Interesting Q3 Growth Trends – See What the Data Says
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Chainlink (LINK) is surprisingly moving forward today as the broader digital currency tries to clear September on stellar notes. Chainlink is no different as it changes hands at a price of $8.18, up 6.24% in the last 24 hours. At current price trends, $285.5 million worth of LINK has been traded in the last 24 hours.

LINK is an energetic token whose growth is essentially fueled by its huge and growing utility. The digital currency remains a vital component of Chainlink’s oracle services and Chainlink’s new Cross-Chain Interoperability Protocol (CCIP), which is now being adopted by many networks in the Web3.0 ecosystem.

The intriguing aspect of Chainlink’s growth over the past few months is that it has outperformed most of the major coins in the industry today. According to on-chain data, Chainlink is up over 17% last week compared to just about 1% for Bitcoin. The foundation for LINK’s growth has made it one of the few profitable tokens on the market today.

Based on current performance data, Chainlink is up 27.76% in the quarter ending today, marking the second consecutive quarter in which it has ended with a profit.

LINK setting the stage to fly

While Chainlink may be one of the obvious winners today, it is setting the stage for massive growth through strategic partnerships and new product launches to which it has placed a clear premium over the past year.

One of the most profound to highlight is the SWIFT payment experiment that Chainlink introduced and helped show how versatile it can be even in non-blockchain systems.

In recent months, Chainlink has welcomed Arbitrum (ARB) integrations and has also gained ground as the whales’ favorite altcoin, all of which has helped solidify its growth potential.

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