Chainlink Cryptocurrency Becomes the Most Profitable in a Week

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 $98,789.98 Bitcoin 1.36% Market capitalization $1.95 trillion VOL. 24 hours $6.08 billion amounted to 48.9%, and the leading altcoin ETH $3,382.65 Bridged Ether (StarkGate) 7.73% Market capitalization $0.29 billion VOL. 24 hours $3.18 billion - 18.2%.