Chainlink resists Bitcoin’s influence; surges by over 5% in an hour

  • 05 July 2019, Friday, 10:30

The market has been following Bitcoin’s trend for a long time. However, one coin that is not playing by Bitcoin’s rules is Chainlink [LINK]. A few days back, LINK surged by a massive 320% on the back of Google’s announcement of integrating it into its cloud-based services. At press time, LINK was noting a surge of 5.11% within the hour, despite Bitcoin registering a fall.

At press time, Link was pumping by 5.11% within the hour and was valued at $3.6 with a market cap of $1.28 billion. The 24-hour trading volume of the coin was reported to be $181.65 million, as the coin reported a growth of 5.48% over the day. Over the past seven days, the coin registered 56.02% growth, a result of the Google and Coinbase listing announcements.

According to the Tie Report, Chainlink dominated US twitterverse by 53% within a short time of its debut. LINK is highly traded on Binance exchange with LINK/BTC and LINK/USDT pairs. With LINK/BTC, the trading volume reported by the coin was $62.32 million and with LINK/USDT, the trading volume reported was $34.96 million. In the third position was BKEX, reporting a trading volume of $22.39 million with LINK/USDT pair. Coinbase, Huobi Global and Iquant followed suit.