LINK's Self-Reported Market Cap Surpasses $186 Million Amid Cryptocurrency Fluctuations

The digital currency LINK, known by its ticker LN, saw its value increase by 2.1% in comparison to the U.S. dollar during a 24-hour trading window that ended at 7:00 AM Eastern Time on January 24th. LINK's market capitalization has now climbed to a significant $186.76 million, with $2.61 million worth of LINK changing hands on various exchanges in the previous day. Presently, a single LINK coin can be purchased for approximately $24.78 or 0.00061710 BTC on major cryptocurrency trading platforms. Despite the recent surge, LINK has experienced an 18% decline when assessed against the U.S. dollar over the past week.

Performance of Related Cryptocurrencies

Various cryptocurrencies have shown mixed results in the last day's trading session:

• KILT Protocol (KILT) exhibited an 8.8% gain versus the dollar, now being traded at $0.36 or 0.00000889 BTC.
• Aidi Finance (BSC) (AIDI) saw a decrease of 2.2% against the dollar, currently trading at a minute value.
• Zoo Token (ZOOT) fell by 2.2% against the dollar to trade at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) also dropped by 2.2% in value against the dollar, now at $0.0809 or 0.00000297 BTC.
• Kitty Inu (KITTY) went up by 1.9% against the dollar, priced at $95.84 or 0.00338062 BTC.
• Hokkaidu Inu (HOKK) enjoyed a 1.2% increase versus the dollar, currently trading at $0.0004 or 0.00000001 BTC.
• Lego Coin (LEGO) remained steady with no change in its value against the dollar, at $0.0121 or 0.00000030 BTC.
• Jeff in Space (JEFF) declined by 2.2% against the dollar, with a current trading price of $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) improved by 1.4% against the dollar, being traded at $0.0078 or 0.00000020 BTC.
• AXIA Coin (AXC) experienced a slight decline of 0.1% against the dollar, now at $13.43 or 0.00048094 BTC.

Understanding LINK

LINK came into existence on September 2nd, 2018. With a total supply of 7,538,036 coins, LINK has garnered attention on social media profiles and possesses its own official platforms including a Twitter account (@finschia) and Facebook page. The project's blog can be found on finschia.medium.com, and its official site is finschia.network.

LINK functions as a base currency within its ecosystem and is distributed across various services within the LINK network. Operating on an independent blockchain termed LINK Chain, it is designed for performance stability, aiming to facilitate dApp usage for LINE users. The chain is a consortium-based blockchain where each service participant acts as a node. It features a high-quality blockchain core capable of processing more than 1,000 transactions per second on a single thread. Utilizing a special consensus method based on the LFT (Loop Fault Tolerance) algorithm, LINK Chain champions BFT (Byzantine Fault Tolerance) for secure operations.

Acquiring and Trading LINK

Investors interested in LINK cannot typically purchase it directly with U.S. dollars. Initially, one should acquire prominent cryptocurrencies such as Bitcoin or Ethereum through exchanges that support US dollar transactions, such as Coinbase, Changelly, or GDAX. These cryptocurrencies can then be exchanged for LINK on platforms that list it.

LINK, cryptocurrency, market