The twelfth largest capitalization cryptocurrency Chainlink shows a record growth in its entire history. Yesterday LINK rose 20% to $ 5.8, and today its price has exceeded $ 6.
According to CoinMarketCap, yesterday LINK price surpassed the historical maximum of its value of $ 5, recorded in March. However, this rally did not end there – over the past 24 hours the LINK price has grown by another 14% and now stands at $ 6.28. In general, from the beginning of the month, LINK showed an increase of almost 40% from the price of $ 4.6 recorded on July 1.
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LINK is a relatively new crypto asset launched in September 2017 through an ICO, within which Chainlink raised more than $ 30 million. LINK was sold for only $ 0.09 during the pre-sale and a few months later entered the market for $ 0.2. For three years, LINK has grown by more than 2,460% of its original price.
Although the reason for LINK’s growth is not fully understood, it may be due to the fast-growing DeFi market. Recall that in May Chainlink launched the Verifiable Random Function (VRF) service, whose subscribers will have access to provably random values needed by projects based on smart contracts.
In the spring, Kadena, a hybrid blockchain platform with smart contract support, added Chainlink pricing oracles to track real-time crypto asset prices. In June, it became known that the Chinese national blockchain platform Blockchain-Based Service Network (BSN) will receive support from Chainlink oracles for working with external data. Huobi also announced earlier this month that it will launch the Chainlink site.
