Chainlink price is on the rise as this Oracle Service provider has surged 7% in the last 24 hours, pushing the value to the month high of $18.82 just a few hours ago. After a minor decline, the LINK price is currently at $18.18 with a market cap of $10.6 Billion. Moreover, the altcoin is slightly bullish as the trading volume is up by 143%, indicating higher surges.
In this blog, let us discuss why the Chainlink (LINK) price is booming today.
Why Is the Chainlink (LINK) Price Rising?
Chainlink is among the top 15 cryptocurrencies on the CoinmarketCap for its market capitalization. Moreover, the LINK price rose to as high as $21.75 earlier after the bullish market conditions in March, hinting at its price potential. But, what else is behind today’s price rally?
Mainly two things, one being Chainlink’s partnership with Swift payments at the Consensys conference in Austin, Texas, happening this week. Secondly, the after-effects of Ethereum ETF approval.
This Consensys conference wi
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