Chainlink's native token, LINK, experienced a 2.7% appreciation against the dollar within a day ending at 22:00 PM E.T on Monday, with its value standing at $27.12 or 0.00077664 BTC. This recent surge culminated in a total rise of 4.7% against the dollar over the past week. LINK is currently backed by a market capitalization of $198.47 million and holds a total and circulating supply of 7,319,100 and 7,319,101 coins respectively.
LINK cryptocurrency operates on the LINK Chain blockchain network which was established on September 2nd, 2018. The performance-oriented and stable network supports decentralized applications (dApps) for LINE users. Prospective investors interested in trading LINK can first purchase Ethereum or Bitcoin from exchanges such as Gemini, Changelly, or Coinbase (NASDAQ:COIN) using US dollars, before buying LINK. CryptoCompare describes LINK as a universally used base cryptocurrency in the LINK ecosystem.
The broader cryptocurrency market presented mixed performances over the same period. KILT Protocol rose by 1.1%, trading at $0.30 or 0.00000854 BTC, while cryptocurrencies such as Aidi Finance, Zoo Token, CareCoin, and OmniaVerse fell by 2.2%, 2.2%, and 8.9% respectively. Kitty Inu and Hokkaido Inu experienced an increase of 1.9% and 1.2% respectively, however, Jeff in Space and Lumi Credits saw a decrease of 2.2% and 1.6%.
Chainlink, launched by Sergey Nazarov and Steve Ellis on September 19, 2017, aims to connect real-world data to Ethereum's smart contracts through its native token LINK. Currently, it has a total supply of 1 billion tokens with over half in circulation. Chainlink supports applications such as financial services and supply chain management through its enhancement of decentralized applications (DApps). Investors interested in acquiring Chainlink or other cryptocurrencies can purchase Ethereum or Bitcoin from exchanges like Changelly, Gemini, or Coinbase, before using these to buy Chainlink.
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