Chainlink (LINK) Records 7% Gains In Last Week, Will It Cross $7?

Chainlink (LINK) Records 7% Gains In Last Week, Will It Cross $7?

The global cryptocurrency market cap is currently down by 1.61%, but LINK holds its gains on the weekly chart. With institutional investors and whales engaged in trading activities, the crypto market is experiencing a revival. 

Chainlink has enjoyed a resurgence this week with an increase in its price and trading volume. The network has also recorded a massive increase in trading volume today at 30.64%. The coin is now ranked number 21 on the list of cryptocurrencies.

What Is Behind The Rally?

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The Chainlink network has added some notable projects to its catalog. The total value of transactions, its oracle service, exceeded $6.9 trillion. Also, the network provided users with data feeds that extend across new blockchains and layer 2.

Another innovation driving the price

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