The cryptocurrency Chainlink is up 17% over the weekend and outperforms Ethereum in terms of daily development activity
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Answer The cryptocurrency Chainlink is up 17% over the weekend and outperforms Ethereum in terms of daily development activity
Analytics platform Santiment shared why the cryptocurrency Chainlink gained nearly 17% over the weekend.
The cryptocurrency LINK is currently trading at $18.43 and is ranked 22nd, according to CoinMarketCap.
Chainlink outperforms Ethereum and Bitcoin in terms of development activity:
According to the last tweet posted by Santiment, Chainlink has overtaken the second largest crypto platform, Ethereum, in terms of development activity and this can be seen by the important updates posted on Github that are recently made on a daily basis.
🔗🧑💻 #chain link Currently sitting at just under $18 after light #altcoin Renewed over the weekend. We’ve seen it remarkably $ . linkDevelopment activity, significantly measured daily #github Updates, excel now ETH dollardaily activity. https://t.co/ZIk3qCUKPZ pic.twitter.com/AEbAUuaQqURead:Bitcoin Fear and Greed Index Retreats to “Extreme Fear” Zone
– Santimentfeed February 7 2022
According to the infographic shared by Santiment, LINK developers delivered 304 major updates daily.
The chart also shows that LINK development activity was higher not only than that of Ethereum but also that of Bitcoin.
LINK has been one of the most popular cryptocurrencies recently, along with FTX and Shiba Inu cryptocurrency.
Actively many Ethereum whales bought the cryptocurrency LINK in January and at the beginning of February as well.
Currently, the LINK cryptocurrency is down 64.80% from its historic peak of $52.88 reached on May 10, 2021.Read:CoinShares Expands Its Operations In The European Union With A New Acquisition
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