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Chainlink Outperforms Top 20 On Strong Volume

Chainlink Outperforms Top 20 On Strong Volume 101
Source: Adobe/Kelly Headrick

Decentralized oracle service Chainlink (LINK) is once again seeing strong performance in the market, outperforming all other major cryptoassets over the past week on surging trading volumes across exchanges.

With the broader crypto market seeing negative changes over the past seven days the bullish momentum in LINK has now become even more evident as it’s up around 19% in a week (11:09 UTC).

LINK price in the past year:

Chainlink Outperforms Top 20 On Strong Volume 102
Source: Messari

Also, according to Messari data, ranked 11th by market capitalization, LINK is 5th by “real” trading volume in the past 24 hours.

Chainlink Outperforms Top 20 On Strong Volume 103
Source: Messari, 11:09 UTC

As defined by the crypto researcher and data provider, “real volume” looks at trading volumes from only a selected number of trusted exchanges, thus excluding artificial volumes created by so-called “wash trading” and other questionable practices that some exchanges use to inflate trading volumes.

Among potential news drivers fuelling the rally may be the recently announced listing of Chainlink on the US-based crypto exchange Gemini, which is regarded as one of the most regulatory compliant exchanges. The exchange said it will open LINK deposits on April 24.

As reported earlier, however, Gemini is not the only exchange that has recently added LINK, with another US-based exchange – namely Poloniex – also listing it as recently as in late March.

Top LINK markets:

Chainlink Outperforms Top 20 On Strong Volume 104
Source: Messari

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