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Why Chainlink Is Rallying Today

TheMotleyFool

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Chainlink (CRYPTO: LINK) is up 9.13% in the past 24 hours to $29.02 per token as of 2:30 p.m. EDT on heavy volume. The 12th largest cryptocurrency in the world has gained 18% over the last seven days. Its rally is part of continued momentum on new business developments. On Aug. 13, Chainlink Labs launched its namesake data oracles on Arbitrum One -- allowing its developers to access financial market data on behalf of its decentralized exchange clients.

The week before that, Chainlink Labs integrated weather data from Alphabet's Google Cloud for smart contract execution on its blockchain network.

Image source: Getty Images.

Source Fool.com

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