Surprisingly, Chainlink (LINK) is doing better today as the overall digital currency is focused on starting September off well. The price of Chainlink, which is being traded, is $8.18, up 6.24% from the previous day. $285.5 million in LINK has been traded in the last day according to price trends.
The enormous and expanding utility of LINK is primarily what drives the rise of this lively coin. The new Chainlink Cross Chain Interoperability Protocol (CCIP), which is currently being adopted by many networks in the Web3.0 environment, and Chainlink’s oracle services both depend on the digital currency.
The rise of Chainlink over the last few months has been fascinating since it has surpassed the majority of the well-known currencies being used in the market. On-chain statistics shows that Chainlink has increased by more than 17% over the previous week, whereas Bitcoin has only increased by roughly 1%. It is one of the few lucrative coins on the market right now thanks to the basis for LINK development.
The second consecutive quarter that Chainlink has ended in profits, according to performance statistics, has seen a rise of 27.76%.
LINK setting stage to soar
Chainlink is undoubtedly one of the winners today, but by prioritising new product releases and key alliances over the past year, it is clearly laying the groundwork for enormous development.
The SWIFT payment experiment, which used Chainlink and shown how adaptable it can be even in non-blockchain systems, is one of the most important to highlight.
Chainlink has recently accepted integrations from Arbitrum (ARB) and grown in popularity as a preferred alternative coin among whales, both of which have boosted its growth potential.
