Bitcoin

Chainlink’s market capitalization (LINK) beats Litecoin and Binance Coin

Today Chainlink (LINK) outperformed Binance Coin (BNB) and Litecoin (LTC). CoinMarketCap data shows that the market cap of The link rose to $ 2.86 billion. andThe price rose 9% to $ 8.17. This led to market capitalization through BNB and LTC, whose market cap is $ 2.84 billion and $ 2.83 billion, respectively.

Although the price of LINK has not broken its previous record high of $ 8.22. increased by 14% in the last 24 hours and at the time of this writing Altcoin is trading for $ 8.17.

Till date, LINK was one of the best performing cryptocurrencies in 2020 and 2019, and has risen 2.536% since its launch in September 2017 at a price of $ 0.14.

Chainlink’s market capitalization (LINK) beats Litecoin and Binance Coin
Chainlink’s market capitalization (LINK) beats Litecoin and Binance Coin

LINK’s impressive recovery may be related to the growth of the DeFi (decentralized finance) industry da Chainlink oracles help support various networks and investors You can also earn interest by using your coins on different DeFi platforms.

LINK is also one of the highest performing currencies in the popular Aave credit protocol, and this could also increase demand for Altcoin.

Interest in the term over time

Interest in the term “chainlink” over time. Source: Google Search Trends

Google Trends data also shows that the number of queries for the keyword “chainlink” has increased to 100 in the past week. This is more than double last week’s score. and reinforces the fact that a higher volume of searches and tweets are linked to the spot prices of many cryptocurrencies.

Chainlink daily price chart

Chainlink daily price chart. Source: Coin360

As the Bitcoin price continues to consolidate below the $ 9,300 level, many altcoins continue to post remarkable gains. Tezos (XTZ) gained 4.3%, Ontology (ONT) recovered 13.78% and Dogecoin (DOGE) gained 5.32%.

According to CoinMarketCap The total market capitalization for cryptocurrencies is now $ 273.5 billion, and Bitcoin’s dominance rate is 62.3%.

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