Chain link 
LinkUSDLINK, a leading Ethereum-based oracle protocol, is bucking the market bears at a time when the entire digital currency ecosystem is turning negative. At the time of writing, LINK is up 3.18% in 23 hours to $18.54, according to CoinMarketCap data. This contrasts with a 0.62% decline in the total market cap.
Its daily growth rate is impressive when compared to Bitcoin, but 
BTCUSD And compared to other major altcoins, Chainlink’s trading volume has increased by 14.74%, pointing the way for further surges. A total of $445,393,986 worth of LINK has been shuffled between exchanges recently, making the token the 21st most traded token on the market.
Optimism surrounding Chainlink in the retail market suggests buying sentiment is being influenced. If sustained, a breakout from Bitcoin’s bearish run could help Chainlink extend its bullish daily candle. LinkUSD The four-hour chart viewed on TradingView shows that the token is trading above the 50, 100, and 200 moving averages, indicating bullish signs.LinkUSD 4-hour chart via TradingView
Over the past month, market data shows that Chainlink has recorded a growth of 36.46%. Many trends have contributed to this massive rise in Chainlink, and besides the usual whale shifts, this is mainly down to Chainlink’s added value and the niche it occupies in the industry.
As a leading oracle service provider, Chainlink enhances the operational efficiency of many decentralized applications (dApps). To further solidify its position in the industry, Chainlink has entered into multiple partnerships with top protocols to enhance its scope of interoperability.
Chainlink has also benefited from an upgrade to its staking engine, giving the protocol more ways to stake LINK and democratizing engagement across the board.
