Chainlink (LINK) Is Leading The Market Today And Here’s Why

ChainLink (LINK) is one of the best performers on the market today and the cryptocurrency has been known to move against the market trends which started a similar rally in the second quarter as we are reading in the Chainlink news today.

ChainLink (LINK) has increased more than 49 percent in one week and touched $2.88 again and the prediction shows signs that the cryptocurrency could reach $3. The altcoin managed to grow to $3.74 and it could even repeat this record any time soon. Link is also growing against Bitcoin and is currently breaking its own record to above 34,000 Satoshi. The crypto company claims to be working on common project with Swift which is the interbank payment system. Link has considered this partnership for a long time now but a week ago the news reemerged on social media and then got added to the official ChainLink site. The reemergence spiked some discussion on social media why the cryptocurrency managed to become the best performance on the market.

At first, Link was a part of the few projects that were added to Binance without a listing fee-only based on the project merits. ChainLink is one of the very prominent oracle projects having a goal to provide reliable real-world data to smart contracts. Every rally boosts the community of true believers and the traders seem to be having a lot of faith in Link and the crypto attracts buyers who expect to become rich. The most ambitious predictions claim that Link will climb all the way to ETH-like prices in triple digits but it still has a long way to go.

The ChainLink developers are in Osaka expecting to make a big splash in the DevCon5 conference and this only adds to the LINK hype which will boost the price gains. One of the biggest milestones expected for the project is to form staking and adding a new source of gains to the token. When it comes to LINK, the charts resemble a coin going through a pump and dump activity and the new price climb may be another anomaly and will lead the cryptocurrency to the next stage. As per the crypto news, LINK offers a lot of opportunities for a relatively liquid pump-and-dump.