Cheathlink (Link) observed a surge of trade volumes, flying up to 223% against a background of a significant increase in prices. According to CoinmarketCap, ChainLink’s trading volume has increased by 223% over the past 24 hours, reaching $ 3.33 billion.
An increase in trade volumes indicates an increase in activity and a share in chains. Against the backdrop of the recent increase in prices of traders who seek to make a profit from the price impulses of Cheathlink, possibly contributed to an increase in the volume of trading.
Over the past 24 hours, the price of Chainlink has shown a significant increase, reflecting the current mood in the market, as a result of which more than $ 109,000 were observed at the beginning of $ 109,000 at the beginning of Monday. Other large cryptocurrencies rose at the beginning of the session on Monday, including Chainlink, in which two -digit profits were observed during this period.
The increase prompted chain connection in the rating of cryptocurrency markets, and the token is on the threshold of a gap of 10 best cryptocurrencies in market capitalization. Chainlink currently takes 11th place in the cryptocurrency rating, for Tron (TRX) with a market capitalization of $ 16.76 billion.
Price link
Chainlink was on the way to growth, and its price increased significantly last week. At the time of writing, Link has grown by 5% over the past 24 hours to $ 26.27 and an increase of 41% per week.
Chainlink began to grow after establishing support at the level of $ 17.83 on January 13. It follows this date, Cheathlink is on the way to mark six out of seven days in green. The recent rally prompted the price of Link above the thoroughly observed Daily SMA 50 to 23.53 dollars, which at the beginning of this year limited the Link price. Moving up, this key level will observe the continuation of ChainLink rally.
A recent jump in prices is maintained at the basis of the network and the accumulation of whales. On January 15, in the crypto analyst, Ali reported the accumulation of 1.35 million links by crypto -Kitami.
Last week there were 14 integrations of the Cheaplink standard in seven services and eight different circuits. Ripple recently concluded partnerships with Chainlink to improve the adoption and usefulness of his Ripple USD (RLUSD) in Defi applications.
