Chainlink Surges by 26% in a Week to Overtake Tron, Polkadot and Polygon

TL;DR

• Chainlink’s LINK is the best performer amongst the top 20 cryptocurrencies by market cap.

• It now occupies the eleventh spot in the market after overtaking Tron, Polkadot and Polygon.

LINK Overtakes TRX, DOT and MATIC

LINK, the native coin of the Chainlink ecosystem, is the best performer amongst the top 20 cryptocurrencies by market cap over the last seven days. The coin has added more than 26% to its value during that period, outperforming the other major cryptocurrencies.

There is no major catalyst behind LINK’s rally as Chainlink’s products, including CCIP, continue to gain massive adoption within the crypto space and beyond.

Thanks to its latest rally, LINK is now the eleventh-largest cryptocurrency by market cap. With a market cap of nearly $11 billion, LINK has overtaken Tron’s TRX, Polkadot’s DOT and Polygon’s MATIC in the crypto market ranking. 

LINK is also the best performer amongst the top 20 cryptocurrencies by market cap so far today, up by more than 5% over the last 24 hours. At press time, the price of LINK stands at $18.63.

Its rally comes as Bitcoin and the other major cryptocurrencies continue to struggle. Bitcoin, the world’s leading cryptocurrency by market cap, is down by less than 1% in the last 24 hours and is now trading at $42,851 per coin. The total cryptocurrency market cap also stands at $1.64 trillion, up by less than 1% so far today.