Market growth has continued, though some coins are performing much better than others. Today's leader, Chainlink (LINK), has gained 25% just in the last 24 hours.
![Top 10 coins by Coinstats](https://cryptocomes.com/sites/default/files/styles/736x/public/inline-images/yop10coinsbycoinsts.png?itok=ixwpvEj_)
Against the increasing rise of altcoins, overall market capitalization has also gone up by $3 bln since yesterday, and now the index accounts for $273.2 bln.
![Market Capitalization](https://cryptocomes.com/sites/default/files/styles/736x/public/inline-images/marketcap_1.png?itok=AX6R6lJg)
The relevant Chainlink data is stacking up this way:
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Name: Chainlink
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Ticker: LINK
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Market Cap: $2,767,195,313
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Price: $7.91
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Volume (24h): $1,643,087,511
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Change (24h): 25.41%
The data is relevant at press time.
LINK/USD: Is the pump about to end?
Chainlink (LINK) is the biggest gainer of the top 10 coins. The rate of the token has skyrocketed by 25.54% over the previous 24 hours.
![LINK/USD chart by TradingView](https://cryptocomes.com/sites/default/files/styles/736x/public/inline-images/LINK%3AUSDradingView.png?itok=Wqe8QDu9)
On the hourly chart, Chainlink (LINK) has reached its local peak at $8.45. The bullish trend does not seem to be ending, however; the altcoins might face a short correction before a continued rise. A declining trading volume confirms a possible drop. In this scenario, the nearest level at which the decrease might stop is $7.60.
![LINK/USD chart by TradingView](https://cryptocomes.com/sites/default/files/styles/736x/public/inline-images/222LINK%3AUSDTradingView.png?itok=bEd8iDNf)
On a longer timescale, a correction is also the more likely forecast. Chainlink (LINK) is forming a Triangle pattern with the endpoint at $7.22, which is considered the last stop before possible continued growth. If the coin keeps decreasing, the aforementioned mark may be attained within the next few days.
![LINK/USD chart by TradingView](https://cryptocomes.com/sites/default/files/styles/736x/public/inline-images/333LINK%3AUSD%20cradingView.png?itok=Lb6WhWvj)
On the daily chart, Chainlink (LINK) is overbought based on the Relative Strength Index indicator. To keep growing, the coins need to accumulate power in the yellow range between $6.50 and $7.50. However, a further rise is possible only if the trading volume increases. Such a scenario is relevant until the end of the current month.
Chainlink is trading at $7.90 at press time.