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Chainlink Cryptocurrency Becomes the Most Profitable in a Week

September 25, 2023 · 1:44 pm 2 min read

on September 25, the global market capitalization lost 1.28%. According to CoinMarketCap, it amounts to $ 1.04 trillion. In turn, daily cryptocurrency transactions increased by 46.37% to $ 21.58 billion. Over the past seven days, only one cryptocurrency from the top 100 has managed to demonstrate good growth and bring short-term profits to its investors. Industry experts have noted Chainlink (LINK).

During the week, the quotes rose by 15.3%, so LINK climbed to 19th place in the list of the best cryptocurrencies. The total supply reached $ 4 billion. As of Monday morning, a token could be purchased for $ 7.25. Over the past 7 days, market participants have made transactions with the coin worth $ 1.4 billion. However, despite the rapid growth, the Chainlink digital coin was trading at 86% of its historical price high.

Many analysts emphasize that the growth of quotations is related to the news of the introduction of the CCIP protocol. This technology is intended to become a kind of TCP/IP (interconnection protocol — ed.) only for the blockchain network. Industry researchers emphasized that LINK is currently very underestimated by investors.

In addition, Immutable (IMX) showed a good result. Its rate was fixed at $ 0.599, which is 12.42% higher than a week ago. The digital currency was ranked 47th on the top list with a market capitalization of $ 697.86 million. Over the course of 7 days, traders completed transactions worth more than $ 2.36 billion.

No other cryptocurrency in the top 100 managed to rise in price by more than 10% over the same period.

It is worth noting that the dominance of the market flagship BTC $78,010.43 Bitcoin -0.12% Market capitalization $1.57 trillion VOL. 24 hours $0.88 billion amounted to 48.9%, and the leading altcoin ETH $2,434.45 Ethereum -0.80% Market capitalization $293.79 billion VOL. 24 hours $0.78 billion - 18.2%.

BTC

$78,010.43

-0.12%

ETH

$2,434.45

-0.80%

BNB

$686.70

-0.99%

XRP

$1.36

-2.24%

SOL

$102.55

-2.26%

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