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Chainlink Rallies Higher as BTC, ETH, Others Underperform

Twitter icon  •  Published 7 months ago on May 28, 2024  •  Hassan Maishera

Chainlink is the best performer amongst the top 20 cryptocurrencies by market cap after adding 6% to its value, with BTC, ETH, and others underperforming.

Chainlink Rallies Higher as BTC, ETH, Others Underperform

TL;DR

  • LINK is up by 6% in the last 24 hours, outperforming the other major cryptocurrencies.

  • BTC and ETH have lost 1% of their values in the last couple of hours.

LINK Trades Above $18 After its 6% Rally

LINK, the native coin of the Chainlink ecosystem, is the best performer amongst the top 20 cryptocurrencies by market cap. It is up by more than 6% in the last 24 hours, outperforming the other major cryptocurrencies.

At press time, LINK is trading at $18.04 per coin. There is no catalyst behind its rally, with its 24-hour trading volume surging by 149%.

Chainlink’s rally comes as Bitcoin, Ether, and other major cryptocurrencies retreat. BTC, the world’s leading cryptocurrency by market cap, is down by 1% in the last 24 hours and is now trading at $67,769 per coin.

Ether is also retracing after last week’s rally. ETH is now trading below $3,900, down by 1% so far today. With altcoins also underperforming, the total cryptocurrency market cap has dipped by 1.3% and now stands at $2.55 trillion.

 

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.