Chainlink Outperforms Market With 10% Gains: LINK Is Still Strong

The LINK price has beaten the marketplace with new gains of 10%, the latest cryptocurrencies news show. The price of Chainlink outperforms most of the market and exceeded other altcoins yesterday with its gains of around 13%. The price later corrected and stabilized the gains at 10%.

Currently, the altcoin exists as the 15th largest coin with a total value of $1,004,711,335 by market cap. Chainlink managed to attain more than ten percent of its value in a span of 24 hours and recovered from its low at $2.19.

As Chainlink outperforms the market, it is important to note that the altcoin recently joined hands with the Constellation network. This makes LINK integrated with the network to combine big data solutions with the distributed ledger technology (DLT). Obviously, the news about this managed to pump up the prices.

#chainlink $link #bitcoin

Yesterday:

Chainlink Holders: 69,630

Today:

Chainlink Holders: 70,004

70K! ✅🏆

🚀

— Crypto Bull Run (@cryptobullrun1) October 21, 2019

Under the partnership, Constellation is expected to become an oracle junction on the Chainlink Platform. While Chainlink outperforms the market and LINK is rising, the CEO of the project and co-founder of Constellation Benjamin Jorgensen is featured  in the Chainlink news today stating the following:

“Poor quality data costs businesses nearly $700B a year or 30% of an average company’s revenues. Groundbreaking technologies, like Constellation and Chainlink, are approaching the big data space with decentralized, secure, and novel solutions to big problems. The collaboration showcases two blockchain companies with the aim of setting new standards around data while driving real-world adoption of distributed ledger technology.”

Meanwhile, the Constellation Network is the one that renders communication protocols and infrastructure solutions to corporate clients, including the US Air Force. On the other hand, Chainlink is the company that develops customizable API middleware solutions to aid smart contracts adoption by large firms.

For those of you who don’t know, the Constellation Network is a major provider of communication protocols and infrastructure solutions for corporate clients. Chainlink develops API middleware solutions that facilitate smart contracts adoption by large companies.

At press time, Chainlink outperforms the market and LINK is trading at $2.72 with a 3.26% rise and a market cap that crossed $801.7 million. The cryptocurrency is at the fifteenth position on the market cap.