Chainlink Link surged over 56% this past week, hitting a new all-time high of $21.48. The increase in Link’s price has pushed the total market capitalization of the cryptocurrency to a massive $8.4 billion, propelling it to the top 10 of the biggest cryptocurrencies by market cap.

Link's incredible rise in price is due to the crypto's strong fundamentals and team behind the protocol. In addition, the news that several major companies, such as Google and Oracle, are now backing the project has pushed its price higher.

25 Altcoins Gaining as Chainlink Link Rises

The surge in Chainlink's price has also encouraged other altcoins to gain. In particular, the following 25 coins have seen gains alongside Chainlink Link's own rise:

  • KNC: Over 37% gain
  • AION: Over 35% gain
  • ZEC: Over 27% gain
  • BNB: Over 14% gain
  • DOGE: Over 24% gain
  • LTC: Over 17% gain
  • CRO: Over 15% gain
  • ETC: Over 11% gain
  • XVG: Over 636% gain
  • ICX: Over 46% gain
  • XLM: Over 10% gain
  • ADA: Over 7% gain
  • DOT: Over 36% gain
  • ATOM: Over 23% gain
  • ONT: Over 17% gain
  • XMR: Over 8% gain
  • TRX: Over 6% gain
  • DASH: Over 5% gain
  • YFI: Over 8% gain
  • VET: Over 12% gain
  • BAT: Over 13% gain
  • THETA: Over 7% gain
  • ENJ: Over 17% gain
  • BCH: Over 8% gain

Most of these Altcoins' Gains Tied to Chainlink's Rally

In most of the cases, these coins are tied to the success of Chainlink Link's value, so it comes as no surprise that as Chainlink Link rallied, so did almost all of the above coins.

For example, Chainlink Link has been strongly bullish since the start of 2021 and is one of the most active DeFi projects on the Ethereum blockchain. This has attracted large amounts of investments, which has been mostly poured into the above mentioned coins, leading to their significant gains.

Chainlink's impressive bull run has clearly been beneficial for these coins, who have gained significant value in the past week. Chainlink is currently the 8th largest cryptocurrency, with a market capitalization of over $8.4 billion, demonstrating the power of the crypto’s recent surge.